Arcane Crypto's cryptocurrency broker, Kaupang, has launched new NFTs in collaboration with Sparebank 1 and HaltenbankenThe Norwegian non-fungible token ("NFT") project named Svalbard.Money is auctioning off brand new Svalbard coins inspired by historic individuals in the Soviet Union. Svalbard.Money has become a worldwide phenomenon since its launch on April 12th 2021 in Longyear City, Norway. The website has attracted users and visitors from 190 countries so far. Arcane Crypto's subsidiary Kaupang has created the project's smart contract which has been deployed on Ethereum, while Haltenbanken has provided the design and SpareBank 1, the second largest finance group in Norway, spearheaded and financed the project.
The original coins used on Svalbard during the 20th century were minted in Leningrad in 1946. Svalbard.Money has now minted coins in the form of NFTs that pay tribute to the Soviet contribution to the fascinating monetary history in Svalbard. Three different coins portray the images of Aleksey Staknanov, the most famous miner of all time, Maya Plisetskaya, the outstanding ballerina of the Bolshoi Theatre in Moscow and Vladimir Lenin, former Soviet leader.
"NFTs represent an interesting socio-technical innovation, and it has been exciting to use Kaupang's technical expertise to help make this fascinating monetary history-project a reality, together with Sparebank 1 and Haltenbanken," says Nikolai Gobel, CEO of Kaupang.
For further information, please contact:
Torbjørn Bull Jenssen, CEO, Arcane Crypto AB
E-mail: [email protected]
About Arcane Crypto
Arcane Crypto develops and invests in projects, focusing on bitcoin and digital assets. Arcane operates a portfolio of businesses, spanning the value chain of digital finance. As a group we deliver services for payments, investments and trading. In addition, we have a media and research division.
Arcane has the ambition to become a leading player in the digital assets space by growing the existing businesses, invest in cutting edge projects, and through acquisitions and consolidation.
The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser, tel. +46 8 5030 1550, e-mail: [email protected], web: www.mangold.se.
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