But Fanatics’ CEO Michael Rubin wrote in the internal email that “Divesting our ownership stake at this time allowed us to ensure investors were able to recoup most of their investment via cash or additional shares in Fanatics – a favorable outcome for investors, especially in an imploding NFT market that has seen precipitous drops in both transaction volumes and prices for standalone NFTs.”
Related posts
-
U.S. Charges Three in Connection With Evolved Apes NFT Scam
“The defendants ran a scam to drive up the price of digital artwork through false promises... -
Franklin Templeton Explores Launching Crypto Fund Investing in Tokens Beyond Bitcoin (BTC) and Ether (ETH): Report
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Bitcoin miner Riot Platforms acquires 12% stake in Bitfarms
Colorado-headquartered crypto mining company Riot Platforms has acquired ownership of a 12% stake in rival Bitfarms...