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NFT.com Collects USD $6.5 Million in Net Initial Sales from its 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) (“Immutable Holdings” or the “Company”), a publicly-traded 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 at 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 under the Company’s employee compensation plan amounting to 1% of present outstanding, as-converted subordinate voting shares, vesting over a four-year period. Jeanna Liu, Chief Operating Officer, will be leaving the Company.
The NFT.com Genesis Key Sale
The Company is also pleased to announce that the NFT.com Genesis Key sale, including the previously-announced whitelist auction and subsequent public release, has thus far generated over USD $6.5 million in net initial sales.
NFT.com is operated by The NFT Company, Inc., a wholly-owned subsidiary of Immutable Holdings. Substantially all sale proceeds, collected in Ethereum (“ETH”), have been converted to either US dollars or dollar-pegged USD Coin (“USDC”), following collection.
NFT.com Genesis Keys represent a collection of animated non-fungible tokens (“nft’s”), each of which allows early access to the platform, creation of four NFT.com profiles (for example, NFT.com/YOU), and the chance to provide feedback to help shape the future of the project. 5,000 of the 10,000 Genesis Key collection were made available for sale at NFT.com, with the remaining 5,000 locked in treasury for at least 6 months.
Roughly 1,300 Genesis Keys remain available for sale at NFT.com. Additionally, Genesis Keys and the NFT.com Profiles they create may be purchased or sold on secondary marketplaces such as OpenSea and LooksRare. Sales made on these platforms are subject to up to a 7.5% royalty. The Company has already started to collect revenues in this regard.
NFT.com is a Web3 Community-Driven NFT ecosystem. For more information or regular updates, visit www.nft.com, follow on Twitter at @NFTcomofficial, or join the discussion in Discord at www.nft.com/discord.
About Immutable Holdings Inc.
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 multi-billion dollar Hedera Hashgraph network, Immutable Holdings already boasts tens of millions under management and a portfolio of businesses and brands built on the blockchain ecosystem, including NFT.com, Immutable Asset Management, and 1-800-Bitcoin. To learn more, visit https://immutableholdings.com/.