London, UK, 17 May 2022 (GLOBE NEWSWIRE) – As a unique digital asset, NFT has been criticized by the market for its valuation and liquidity, although its revenue has grown exponentially over the past two years. REVA, a blockchain company acquired by UK EARL INTERNATIONAL AUCTION LTD, recently launched an NFT loan auction company. Since its launch, REVA has become the center of attention in the NFT market with a valuation of $ 2 billion. The mortgage auction company was launched with the full support of UK EARL INTERNATIONAL AUCTION LTD. This effort aims to break the liquidity in the NFT market and establish a perfect price evaluation system, which is of great importance to change the economic characteristics of the entire NFT area.

The company made an early entry into the NFT arena, quickly seized the opportunity for this market and became a leader in the NFT mortgage auction area. On the other hand, the metaverse start-up REVA has set up a board of directors with a solid composition that includes the world’s best financiers from Viking, the senior auctioneers from UK EARL INTERNATIONAL AUCTION LTD and the best artists in the world. . At the same time, REVA has set up a core operations team consisting of experts in the appreciation of digital art, blockchain technology experts, NFT technology experts and financial analysis experts, offering REVA’s NFT digital art collection and auction business guaranteeing professional, high quality and secure auction transaction. .

Users can mortgage NFT collections, let the valuable free collections enter the circulation field and solve the cash flow problem. They can also entrust the REVA auction of the collections to realize a fast cash flow. At the same time, they can also get the value-added profit dividend and low cost of the auction. REVA, as a platform partner, provides customers with secure and accurate valuation services and easy and efficient trade matching.

REVA was founded in 2019. Although it is a start-up, it has long been known within the NFT. By 2021, REVA has become one of the most promising crypto startups. Before the UK EARL INTERNATIONAL AUCTION LTD acquired REVA, giants in the NFT auction and trading area including Christie’s, Nagel and Opensea entered into acquisition negotiations with REVA. UK EARL INTERNATIONAL AUCTION LTD gained REVA’s exquisite technology and deep experience in the NFT field. Going forward, REVA will maintain an independent brand for its activities and will become a specific platform for UK EARL INTERNATIONAL AUCTION LTD’s NFT marketing activities. With the support of UK EARL INTERNATIONAL AUCTION LTD, REVA will ensure a continued supply of capital, technology and resources. Following the acquisition, REVA said the company would expand its technical team, develop the NFT platform and better service NFT green groups.

As the investment of global assets in the NFT area has increased steadily, this has created an opportunity for traditional auction houses to compete in the NFT area. Competition in this area has long been in full swing. From the time the NFT concept was born, the giants of the traditional auction industry saw the great potential of NFT in the future financial field. UK EARL INTERNATIONAL AUCTION LTD reportedly spent $ 50 million acquiring REVA and incorporating REVA, a Metaverse start-up, into its wholly owned subsidiary, which is responsible for NFT auctions, related fundraising and auction security activities. Following the acquisition of UK EARL INTERNATIONAL AUCTION LTD, REVA’s valuation quickly reached $ 500 million.

After years of development, NFT has shown unlimited business opportunities and unmanageable value in the future. The NFT market is in full swing and more and more people are struggling to get on the field. NFT verifies the authenticity, scarcity, ownership and stability of assets in geopolitical and financial fluctuations. These unique economic properties are the great potential and exciting place to change the world of collectibles. As a general practitioner within NFT, REVA’s ruined mortgage auction business has continuously improved the intrinsic value and standardization of NFT. At the same time, REVA’s own value has also increased, and the valuation is expected to reach USD 2 billion. The original intention of REVA is to enable more NFT participants to have more equal opportunities and through incentives to make users more motivated to participate in NFT ecology.

This is not investment advice. Please do your own research when investing in a project.


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