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Lumi IPO’s success is seen as a positive indicator for other Saudi companies contemplating going public. In a dazzling debut on the Riyadh stock exchange, Lumi Rental Co., the Saudi Arabian auto rental firm, witnessed its shares surge by an astonishing 30% on its first day of trading. The Initial Public
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Some non-fungible tokens (NFTs) come with exclusive perks. A project helping holders monetize those benefits – all while maintaining long-term ownership – has raised $1.5 million in a seed round led by Animoca Brands.ReNFT announced the funding round on Friday. In addition to Animoca, the year-old decentralized autonomous organization (DAO) behind
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Tokyo-based crypto startup Yiedl has announced that it will launch a non-custodial peer-to-peer, or P2P, mortgage and rental market for non-fungible tokens, or NFTs.Speaking to Cryptox, Yiedl founder and chief executive Kohshi Shiba asserted that the platform will support a myriad of tokens as most real-world assets are tokenized.“For assets
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