According to the Australian Financial Review (AFR), the encrypted content platform Collective Shift completed a financing of 1.5 million US dollars at a valuation of 15 million US dollars. Funds supported by JPMorgan Chase, such as RNR Capital, participated in the investment. The new funds are dedicated to traditional enterprises that explore and NFT projects Build more partnerships and educate their clients. The CEO of Collective Shift bought the company from Saunders in 2021, and Saunders faces charges that he misappropriated $9 million of investor funds.