NFT Investments PLC is a U.K.-based cryptocurrency firm which invests into companies in the space of nonfungible tokens (or NFTs). AnnoucedIt decided to stop pursuing a purchase of Pluto Digital for 96 million pounds. NFT Investments stated that it had canceled the deal even though NFT Investments did not specify its reasons.

NFT Investments had signed an unbinding letter in January to acquire Pluto Digital. The company builds decentralized financial infrastructure through the new issuances of NFT share. Between November and March, 2017, the blockchain market saw an explosion. month-long bear marketThe total market capital of digital tokens fell to 40%, putting them over 40% lower than their previous highs.