Minds + Machines Group Limited MMX opens LSE to mark launch of .luxe (2482F)
October 26 2018 - 1:00AM
UK Regulatory
TIDMMMX
RNS Number : 2482F
Minds + Machines Group Limited
26 October 2018
For release: 07.00 am, 26 October 2018
Minds + Machines Group Limited
("MMX" or the "Company")
MMX OPENS LONDON STOCK EXCHANGE TO MARK LAUNCH OF .LUXE
Minds + Machines Group Limited (AIM: MMX), the top-level domain
registry company, is today honoured to be joined by its commercial
partners Alibaba Cloud and Ethereum to open trading on London Stock
Exchange and celebrate the official launch of .luxe.
.luxe is the first top-level domain designed to resolve naming
conventions both on the World Wide Web and the Ethereum
blockchain.
The Company also announces that it is now a member of London
Stock Exchange's Issuer Services Marketplace enabling the Company
to generate deeper awareness amongst London Stock Exchange Group
listed companies for .luxe and its wider portfolio of new domain
name extensions.
Toby Hall, CEO of MMX, commented:
"Our goal is simple - to create a trusted naming convention that
can work across multiple blockchains as well as the World Wide Web.
To achieve this, we are working with the world's fastest growing
blockchain, Ethereum, as a cornerstone partner in this initiative.
We look forward to welcoming others into .luxe in the coming months
as well as creating broader awareness for human readable digital
identifiers that can work in multiple online universes. We are
likewise delighted to be joined today by our retail partner,
Alibaba Cloud."
Currently there is no interoperable naming convention across the
World Wide Web and separate blockchains. Each blockchain typically
uses a randomly generated hexadecimal string as the public
identifier for each item. For example, on Ethereum, the hexadecimal
string is 42 characters long. Through .luxe, it will be possible to
use a relevant, memorable name of the user's choice instead of the
cumbersome string as the public identifier. The same .luxe name can
then also be used on the World Wide Web helping to generate further
trust and transparency between parties.
Dr Robert Barnes, Global Head of Primary Markets and CEO
Turquoise, London Stock Exchange Group, said:
"We are delighted to welcome Minds + Machines, one of our listed
companies, to open the London market. London is a world-leading
fintech hub and we are committed to supporting the growth of
fintech businesses."
Yeming Wang, general manager of Alibaba Cloud EMEA, said:
"As one of the top three global Infrastructure-as-a-Service
providers and a technology innovator, we have helped many companies
across the globe with their digital transformation initiatives. Our
mission is to provide a scalable, secure and robust platform so
customers can focus on delivering business results. With a similar
belief in mind, we are proud to be partnering with MMX to help
bring a simple, consistent and user-friendly solution to a
digitally-born technology, so users can concentrate on building the
products to better serve the Blockchain communities."
Nick Johnson, Lead Developer Ethereum Name Service, said:
"We are delighted to welcome .luxe into the Ethereum Name
Service. We see the approach being taken by MMX as fulfilling an
essential role in generating broader mainstream understanding and
adoption of blockchain solutions with ease-of-use and usability
being central to their thinking."
Sales of .luxe names to the general public will begin on 6
November 2018. However, there is an Early Access Programme running
from 1600 UTC on 30 October 2018, where names can be purchased
ahead of general availability subject to an additional one-time
fee. For further information on .luxe and its launch time-table,
please visit www.join.luxe
- ends -
For further information
Minds + Machines Group Limited
Toby Hall, CEO Tel: +44 (0) 7713 341072
Michael Salazar, COO/CFO Tel: +1 (310) 740 7499
finnCap Ltd Tel:+ 44 (0) 20 7220 0500
Corporate finance - Stuart Andrews
/Carl Holmes/Simon Hicks
Corporate broking - Tim Redfern
/ Richard Chambers
Belvedere Communications Limited Tel: +44 (0) 74 070 23147
John West
Llew Angus
About MMX
Minds + Machines Group Limited (LSE: MMX) is the owner of a
world class portfolio of 32 ICANN approved top-level domains
(gTLDs). The Company generates revenues through the registration
and annual renewal of names by organisations and individuals within
each of its top-level domains, sales being processed through the
Group's network of global registrar and distribution partners.
The MMX portfolio is currently focused around generic names
(e.g. .work, .vip), consumer interest (e.g. .fashion, .wedding),
lifestyle (e.g. .fit, .surf, .yoga), professional occupations (e.g.
.law), and geographic domains (e.g. .london, .boston, .miami,
.bayern). In 2018, the Company completed its first acquisition, the
ICM portfolio, and is shortly to launch its first innovation based
project, .luxe, which combines the strengths of the World Wide
Web's naming system with that of blockchain. For more information
on MMX and its rapidly growing renewal base, please visit
www.mmx.co
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END
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