Light Media Acquires KWONFT and KWONNFT


Deal In Brief

Light Media, a Global Media Specialist, has acquired: KWONFT.com and KWONNFT.com

About NFTs (Non-Fungible Tokens): A non-fungible token is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work. While the digital files themselves are infinitely reproducible, the NFTs representing them are tracked on their underlying blockchains and provide buyers with proof of ownership. Blockchains such as Ethereum, and Flow each have their own token standards to define their use of NFTs

The transaction strengthens Crypto Revolution Positioning In Burgeoning NFT (Non-Fungible Tokens) Space

Deal Type Acquisition
Sub-Category100% Acquisition
Deal StatusCompleted: 2021-03-31

Deal Participants

Target (Company)KWON
Acquirer (Company)Light Media Holdings, Inc.

Deal Rationale

The transaction strengthens Crypto Revolution Positioning In Burgeoning NFT (Non-Fungible Tokens) Space.

% Acquisition100%

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