Sheppard Mullin Advises on the First NFT Company IPO
Sheppard Mullin is representing The NFT Gaming Company, Inc. (“NFT Gaming”) in its initial public offering of common stock. NFT Gaming is believed to be the first non-fungible tokens (“NFT”) company to IPO. NFT Gaming is developing a digital gaming platform and community that will offer users the ability to mint unique avatars playable in all of the games on the platform in the form of NFTs.
NFT Gaming is expected to begin trading on Nasdaq under the symbol “NFTG” on February 15, 2023. The offering is expected to close on February 17, 2023.
The Sheppard Mullin team included partners Richard Friedman and Stephen Cohen and associates Hannah Zelcer and Afruz Sayah on the transactional side. James Gatto, co-leader of the firm's Blockchain and Fintech team, advised on NFT-related aspects.
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