Netcapital Inc., a Nasdaq-listed fintech company, has a robust digital capital markets platform. After purchasing Mixie, a no-code Web3 gaming platform, their stock shot up over 17%. The purchase was executed by Zelgor, one of Netcapital’s portfolio companies. The decision represents an important advance for Netcapital as it continues to expand its presence and activities within the rapidly-growing blockchain industry.

The financial terms of the transaction have not been released. Netcapital’s stock, traded under the ticker NCPL, jumped more than 16% after the news. This acquisition adds to the company’s strong year-to-date showing, with the stock now 48% higher.

Netcapital, headquartered in Boston, Massachusetts, facilitates capital raising for private companies and provides investors with access to private equity opportunities. Founded in September 2017, Netcapital runs a digital capital markets platform that serves as a marketplace for entrepreneurs and investors.

In addition, with a market capitalization of just $6.8 million, Netcapital is considered a nano-cap company. Zelgor’s purchase of Mixie is a historic one. It’s the first time a publicly-listed company has acquired a crypto-native protocol with the explicit intent of fostering growth in the blockchain ecosystem.

We’re looking forward to Mixie’s addition making big improvements to Netcapital’s platform. Netcapital is currently adding Mixie’s no-code Web3 gaming capabilities to help onboard a larger audience. This step makes North Carolina a prime location for investment and engagement in the rapidly evolving space of blockchain technology.