London, UK, May 17, 2022 (GLOBE NEWSWIRE)-REVA, which has recently emerged as the most promising emerging crypto company recently acquired by traditional auction house giant UK EARL INTERNATIONAL AUCTION LTD, houses for US $ 50 million. Loan auction business. After the acquisition by UK EARL INTERNATIONAL AUCTION LTD, the valuation of young companies quickly reached $ 500 million.
Founded in Silicon Valley, REVA is a professional blockchain technology R & D company focused on R & D and research on emerging technologies in the industry. With core technology in the field of NFT, REVA is recognized as the world’s leading and renowned digital art NFT collection service platform. Since its founding in 2019, the company has focused on collecting and auctioning high-end NFT artwork and has successfully led many NFT auctions in New York, Washington, Los Angeles and elsewhere. REVA’s full technology and skilled NFT market management experience has attracted the attention of industry leaders such as Christie’s, Sotheby’s, UK EARL INTERNATIONAL AUCTION LTD and Opensea. After many discussions, REVA rejected several group acquisition offers and eventually chose the UK EARL INTERNATIONAL AUCTION LTD.
UK EARL INTERNATIONAL AUCTION LTD announced in an official press statement that it became a wholly owned subsidiary after REVA was acquired. REVA will continue to maintain its independent brand and operations, making the UK EARL INTERNATIONAL AUCTION LTD the core platform for taking charge of the NFT market business. In the future, REVA’s parent company, UK EARL INTERNATIONAL AUCTION LTD, will provide ongoing financial, technical and resource support. No one knows the next trend in the NFT market, but REVA’s strategic vision is outstanding. The NFT Mortgage Auction Business will continue to offer excellent investment opportunities beyond 2022. REVA has the potential to become another unicorn company in the NFT space as well.
Despite the geometric growth of the NFT market, there are still many problems. The main reason for this problem is the serious polarization of NFT products. Anyone can generate and create their own NFTs on the platform, making it completely indistinguishable from tens of millions of NFTs which NFTs have real value. On the other hand, most people want NFTs for a handful, but the prices are high. After being purchased and collected by a small number of large investors, they will no longer be sold and regular NFT users will be rejected.
REVA is an institution that has been deeply involved in the field of NFT for many years, and in the current market environment, liquidity and price are concentrated only on high quality products of hot projects, and the huge NFT market is faced extensively. I know exactly that I am. Of problems such as lack of liquidity and distorted assessment. REVA boldly launched the NFT mortgage auction business, directly pointing out two issues: the low liquidity of the NFT market and the lack of a pricing system. While providing liquidity and allowing idle NFTs to release more value, REVA can further clarify asset valuations and solve problems.
The REVA mortgage auction business overturns the trading rules for real and digital assets. The NFT mortgage auction business launched by REVA has opened up new opportunities for holders to monetize NFTs. It has become a new way to earn passive income in the crypto world. Users with NFTs can auction assets with REVA mortgages to profit without selling or losing ownership of the collection.
To clarify NFT’s asset valuation, REVA is heavily committed to building a team of digital art appreciation experts, blockchain technology experts, NFT technology experts, and financial analysis experts. Invested the money. At the same time, the company’s board of directors and core operations team have acquired teams such as Viking’s world’s top finances, senior auctions, and British Grand Public Auction House artists to bring REVA’s digital art NFT collection and auctions to professional and high quality. Service is provided. A business with a secure auction transaction guarantee.
The REVA mortgage auction business enhances the finances of NFTs. Not only can you meet your urgent liquidity needs, but you can also take advantage of short-term investment opportunities to make a profit. More importantly, long-term investment opportunities can be used to meet “real life” needs without selling valuable assets.
REVA’s NFT mortgage auction business actually consists of three parts. One is the NFT mortgage. REVA can accept outsourcing of clients with high value NFT collections and offer loans to clients through NFT mortgages to solve their cash flow problems. Customers are required to pay interest on the loan to the REVA platform every week.
The second is the NFT consignment auction. While pledged to REVA for the NFT collection, the customer signs a protocol with REVA and entrusts REVA with the auction and monetization of the NFT collection. REVA evaluates the value of the NFT collection through the past auction amount record of the NFT collection and the expert opinion from the expert evaluation team, and concludes a specific consignment contract with the customer according to the evaluation result. The content of the consignment agreement includes the NFT Mortgage Protocol. In addition to the NFT consignment auction protocol, there is also an auction guarantee protocol.
Third, the auction guarantee protocol is based on valuations signed by both parties. REVA guarantees the consignment products by auctioning them. If the final transaction price is higher than the consignment price, the majority of the profit will be shared by customers, investors, and REVA. If the final purchase and auction amount is lower than the consignment price, REVA and the investor will compensate together.
As a platform party, REVA plays a major role as a business organization in the mortgage auction business. The REVA platform will be commissioned by customers to conduct an NFT mortgage auction business, and after commercialization, investors will select specific products launched from the REVA platform to participate in crowdfunding. REVA is responsible for organizing businesses, assessing value, organizing auctions, and billing a percentage of transaction fees.
In addition, REVA provides hosting services, providing customers with an easy way to match NFT buyers and sellers. This is very suitable for new users. Users don’t have to worry about losing their keys. This convenient and reassuring method is also suitable for experienced people. The operation interface usually has a humanized design and has strong fault tolerance throughout the process. If there is a problem, the platform will assist you through support services.
The views, suggestions and opinions expressed here are the sole responsibility of the expert. Do your own research before making any financial decisions related to crypto companies or assets.
