Public.com is acquiring Otis. The Public.com site is for investors to build their own portfolio of stocks, funds, and crypto and it represents that its community is over 2 million people (see update below). This now allows investors with a modern portfolio to also include alternative investments like NFTs, collectibles and art alongside their other investments.

Otis is among the handful of platforms that gave fractional ownership to collectibles via shares just as if it was a stock with trading windows. The press release sent out by Otis says that Public’s community is now over three million members strong. According to their release:

In the immediate term, little will change for Otis users as trading will continue to remain open. After an integration period, all Otis app activity will transition over to the Public.com platform. We are finalizing the precise regulatory and operational details of this integration and will communicate any changes as soon as we can. To learn more, you can view our full FAQ here.

This union will accelerate our mission of democratizing alternative assets for every investor. Thank you for being a part of this community and we’re excited to have you join us in our next chapter!

Well, a lot more people are going to be looking at investing in collectibles.