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NFT Investments, <\/span>a company specializing in the identification, acquisition, investment, and\u00a0 development of non-fungible tokens<\/span>(“NFTs”)<\/span>, is pleased to announce it has made its maiden investment\u00a0 by acquiring a stake in AEON International, a leading developer of cutting-edge technology for the\u00a0 luxury fashion industry.\u00a0<\/span><\/p>\n The Company has invested US$1,000,000 in AEON in an oversubscribed private round. NFT\u00a0 Investments joins an exclusive club of existing investors including a NYSE listed Chinese ecommerce\u00a0 giant which has a significant stake. This is the first investment made by the Company since its flotation\u00a0 on the AQSE Growth Market on 16 April 2021.\u00a0<\/span><\/p>\n Based in Hong Kong and operating across Europe, the US and Asia Pacific, AEON uses sophisticated\u00a0 digital solutions to support and innovate supply chain processes in the luxury fashion industry. It has\u00a0 an extensive list of tier one luxury labels and preeminent fashion houses as clients, including but not\u00a0 limited to Louis Vuitton, Givenchy, Balmain, Balenciaga, Gucci, Chloe, Alexander Wang, Michael\u00a0 Kors and many others.\u00a0<\/span><\/p>\n Under its business division AUTHENTIQUE, AEON\u2019s offering includes NFT based verification\u00a0 technology that is being used to strengthen product authentication for designer goods and combat luxury\u00a0 counterfeiting. The global market in counterfeit goods is valued at over US$450 billion and is a great\u00a0 cost to the fashion industry. Beyond this, AUTHENTIQUE is also applying NFT technology to open\u00a0 new revenue streams through minting unique fashion NFTs and by using smart contracts written into\u00a0 NFTs to grant original product manufacturers ongoing royalties for each physical product resold. The\u00a0 global resale market is currently estimated to be more than US$50 billion, access to this lucrative market\u00a0 will be a first for luxury brands.\u00a0<\/span><\/p>\n AEON is supported by an experienced management team and is led by fashion industry veteran Simon\u00a0 P Lock. Simon is the founder of Australian Fashion Week and former SVP & MD of IMG Fashion &\u00a0 Models and has been at the cutting edge of digital innovation in the industry globally for 20 years.\u00a0\u00a0<\/span><\/p>\n NFT Investments is also pleased to announce that it will pay the salaries and bonuses of its Board and\u00a0 management team entirely in cryptocurrency with immediate effect. NFT Investments will convert\u00a0 salaries from fiat to ETH at the spot rate on the last day of the month.\u00a0<\/span><\/p>\n Jonathan Bixby, Executive Chairman of NFT Investments, said: \u201cAEON is a pioneer in fashion\u00a0 technology that is leading the way in demonstrating the concrete benefits that NFTs can bring the\u00a0 fashion industry. The market opportunity for NFTs in the industry is huge, beyond using NFTs to\u00a0<\/span><\/p>\n establish digital ownership and verify the transfer of luxury products, AEON is also advancing the\u00a0 frontier of digital-first fashion products using NFTs. We expect this to be a growing future market and\u00a0 are delighted to support AEON alongside a roster of high calibre investors.\u00a0<\/span><\/p>\n \u201cNFT Investments\u2019 DNA and growth is based on digital currencies and assets, so it is perfectly\u00a0 appropriate that our team is showing its conviction in the long-term value of crypto by receiving their\u00a0 emoluments in cryptocurrencies. I am delighted to be a part of the first company worldwide to achieve\u00a0 this milestone.\u201d\u00a0<\/span><\/p>\n Simon P Lock, Founder, CEO and Executive Chairman of AEON, said: \u201cNFTs are set to revolutionize\u00a0 luxury goods authentication. Counterfeiting is the enemy of luxury brands, eroding brand value, revenue\u00a0 and profitability. We look forward to applying NFT technology to this space as well as supporting the\u00a0 emerging digital-first fashion category in which NFTs will play an enormous role.\u201d\u00a0<\/span><\/p>\n About NFT Investments:<\/b><\/p>\n