content and data company mobile stream On Tuesday, it announced that the Mexican national team’s first non-fungible token (NFT) whitelist ‘drop’ had sold out over the weekend.
The company, which trades on AIM, said its whitelisted early-entry NFTs sold for $50 each, with prices rising to $100 by 1,500 CDT on Monday.
Total sales from the drop are now over $60,000 and continue to climb.
Additionally, the company said it will receive 5% of future resale value from the card through embedded NFT royalties.
This is the first of “many” drops for the Mexican national team, and Mobile Streams said with the FIFA World Cup just around the corner, customers can expect a “significant” number of drops in the near future. added.
Mobile Streams also announced revenue of $620,000 for the three months ended September 30, up 268% year over year.
CEO Mark Epstein said:
“This is just the first of many NFT drops we will be doing for our national team, and we expect to see quite a few more during the upcoming World Cup, and we expect this license to grow rapidly. doing.
“We are also considering signing additional contracts and further announcements on these will be made in due course.”
At 1435 BST, Mobile Streams’ share fell by 0.59% to 0.18p.
Reported by Josh White of Sharecast.com.