Newtown Partners and other investors in Augmentors are funding the project in an effort to return some value back to the original Augmentors community. None of the assets are being sold – they are merely being delivered to the original token sale participants. The funding will cover the migration of the project from Databits to Solana, and the NFT issuance for approximately $150k.
Nona Digital is completing this work as the technical vendor. The royalties from any secondary market transactions will first go towards reimbursing this cost.
As original Databits investors, Newtown Partners will also hold a proportionate stake in the Augmentors organization.