The Board of Online Blockchain plc announced the planned launch of a new non-fungible token ("NFT") project based on The Rocky Horror Show. Online has entered into a worldwide licence with Interfishnet Limited, rights holders of The Rocky Horror Show intellectual property, to create and market a range of character NFTs. Non-fungible tokens (NFTs) are cryptographic assets on a blockchain, with unique identification codes and metadata that distinguish them from each other and are directly linked to one blockchain address.

Non-fungible tokens comprise a smart contract which can digitally represent any asset, including online-only assets like digital artwork and collectibles. Online's developers have created a number of collectible character-based NFTs from The Rocky Horror Show and, under the terms of the licence agreement (for an unlimited period), Online will receive a revenue share from sales of the NFTs. The Company plans to launch the marketing of The Rock Horror Show NFTs shortly.

Shareholders should note that the commercial 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.