KR1 PLC (AQSE:KR1) said it has generated proceeds of US$1.28mln from selling its remaining holding of FUN tokens in the FunFair project.

The digital asset investment company sold the FUN tokens at an average price of US$0.02027 apiece, having acquired them at an average price of USD $0.00667 during the project’s initial funding round.

George McDonaugh, KR1’s managing director, said: “With the recent market activity and the rather mature stage of technical development of the FunFair project, it was the right time to look to other opportunities and capitalise on the speed of innovation in the wider blockchain ecosystem.

“FunFair has been a successful investment for KR1 as one of the earliest supporters of the team, and we continue to be impressed by their continued level of innovation and experience in the gaming world.”