Online Blockchain PLC jumps after confirming Rocky Horror Show NFTs

Online Blockchain PLC (AIM:OBC)shares jumped 5% higher to 21.6p on Monday after confirming it intends to launch a new non-fungible token (NFT) project based on The Rocky Horror Show.

Developers have created several characters which will be sold as NFTs, with Online Blockchain receiving a share of the sales.

Commercially, the development of The Rocky Horror Show NFTs is at an early stage and there is no certainty at this time how it may develop or to what extent any income will be derived.

In a statement, Clem Chambers, CEO of Online, said: “We believe that The Rocky Horror Show has significant potential for NFTs and we look forward to working with interfishnet.

This year is the 50thAnniversary of the first performance of The Rocky Horror Show and we are delighted with the prospect of bringing these NFTs to market at this time.”

The Rocky Horror Show isa 1970’s cultfilm classic starringTim Curry, Susan Sarandon and Meatloaf.