NFT.com Raised $6.5M Net Initial Sales from Genesis Key Sale and Don Thibeau Joins as Chief Product Officer of Immutable Holdings
VANCOUVER, British Columbia, June 09, 2022 (GLOBE NEWSWIRE) — Immutable Holdings, Inc. (NEO:HOLD) (“Fixed Holdings” or “Company”), a public blockchain holding company, is pleased to announce the appointment of Don Thibeau as Chief Product Officer, effective June 8, 2022. Thibeau will report to Chief Executive Officer Jordan Fried and will oversee product strategy and development, including: NFT.com.
Previously, Thibeau was the Co-Founder and Chief Strategy Officer of the HBAR Foundation. He has also held senior product and business management roles at Hedera Hashgraph and IBM. His contract with the Company includes stock options amounting to 1% of existing outstanding, converted secondary voting shares that qualify for a period of four years under the Company’s employee compensation plan. Chief Operating Officer Jeanna Liu will leave the Company.
NFT.com Genesis Key Sale
The company is also pleased to announce that the NFT.com Genesis Key sale, including the pre-announced whitelist auction and subsequent public disclosure, has generated over US$6.5 million in net initial sales so far.
NFT.com is owned by The NFT Company, Inc., a wholly owned subsidiary of Immutable Holdings. operated by. Substantially all sales proceeds collected in Ethereum (“ETH”) are converted to US dollars or dollar pegged USD Coin (“USDC”) upon collection.
NFT.com Genesis Keys, each a chance to provide early access to the platform, the creation of four NFT.com profiles (for example, NFT.com/YOU) and feedback to help shape the future of the Project. Of the 10,000 Genesis Key collections, 5,000 are available for sale on NFT.com, and the remaining 5,000 are locked in the treasury for at least 6 months.
About 1300 Genesis Keys continue to be sold on NFT.com. Additionally, Genesis Keys and the NFT.com Profiles they create can be bought or sold on secondary markets such as OpenSea and LookRare. Sales made on these platforms are subject to copyright up to 7.5%. The company has already started to collect revenue in this regard.
NFT.com is a Web3 Community Based NFT ecosystem. For more information or regular updates, visit www.nft.comfollow on twitter @NFTcomofficialor join the discussion on Discord at www.nft.com/discord.
Immutable Holdings Inc. About
Immutable Holdings Inc. (NEO:HOLD) is on a mission to democratize access to Web3 and blockchain-based products and services. Founded by Jordan Fried, a founding team member of the multibillion-dollar Hedera Hashgraph network, Immutable Holdings already has tens of millions of management and NFT.com, Immutable Asset Management and 1-800-Bitcoin. Visit to learn more https://immutableholdings.com/.
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This newsletter is published on NFT.com, Genesis Keys, Genesis Key Whitelist Blind Auction and Genesis Key Public Sale (including, but not limited to, expected net income use from them and timing and sale of remaining Genesis Keys) and Genesis Keys trading and secondary NFT marketplaces. profile NFTs they create and the Company’s ability to generate and collect copyright income from them. Such forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors, some of which are beyond the control of the Company that could cause actual results or events to differ materially from those forward-looking, estimated or implied. expressions. These risks and uncertainties include changes in applicable laws or the regulatory area in which the Company operates, general economic and capital market conditions, and stock market volatility. While the Company believes that the forward-looking statements contained in this news release are reasonable, they are based on factors and assumptions about future events that, based on currently available information, may prove to be false. Therefore, readers are cautioned not to place undue reliance on forward-looking statements, as no assurance can be given about future plans, activities, results, activity levels, or achievements. The forward-looking statements contained in this newsletter are made as of the date of this newsletter, and except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, as a result of new information, future events, or other consequence. .