By Ian Walker

Shares of Online Blockchain PLC rose 17% on Monday after the company said that it is planning to launch a new non-fungible token project based on "The Rocky Horror Show."

The London-listed developer of blockchain-based products said it has entered into a worldwide license with Interfishnet Ltd. which holds the rights to "The Rocky Horror Show" intellectual property, to create and market a range of character NFTs.

It said commercial development of the NFTs is at an early stage and that there is no certainty at this time how it may develop or to what extent any income will be derived.

Shares at 1135 GMT were up 3.50 pence at 24.0 pence.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

January 30, 2023 06:58 ET (11:58 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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