NFT Ltd (MI)

Market Cap: $23.1M

About: NFT Ltd Formerly Takung Art Co Ltd operates an online electronic platform for offering and trading artwork. Through its platform, the company allows artists/art dealers/owners to access a much bigger art trading market where artists can engage with a wide range of investors. Its platform also invests in high-end artwork accessible to ordinary people without financial resources. The company's trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on its system, consisting of listing fees, trading commissions, and management fees.

Employees: 27

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1.39% less ownership

Funds ownership: 1.64% [Q1] → 0.25% (-1.39%) [Q2]

57% less funds holding

Funds holding: 7 [Q1] → 3 (-4) [Q2]

59% less capital invested

Capital invested by funds: $94K [Q1] → $39K (-$55.1K) [Q2]

80% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 5

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 1