NSAV TO ACQUIRE SIGNIFICANT MINORITY STAKE IN METAVERSE NETWORK (MNC), EXPANDS PRESENCE IN $500 BILLION GLOBAL METAVERSE MARKET
Net Savings Link, Inc. (NSAV) has agreed to acquire a 10% stake in Metaverse Network LLC (MNC), which owns the BQEX cryptocurrency exchange with over 4 million users. This acquisition positions NSAV to leverage the $500 billion global Metaverse market. MNC plans to go public in New York in Q1 2022, potentially increasing NSAV's stake value. Additionally, NSAV will partner with MNC to launch a Non-Fungible Token (NFT), receiving a portion of the token’s distribution. The NFT market is projected to continue its growth, exceeding $40 billion in 2021.
- Acquisition of 10% stake in Metaverse Network LLC enhances NSAV's position in the growing Metaverse market.
- MNC's planned IPO in Q1 2022 could significantly increase the value of NSAV's stake.
- Partnership with MNC to launch a Non-Fungible Token (NFT) can diversify revenue streams.
- Risks associated with the integration of new assets and operations from the acquisition.
- Potential volatility in the cryptocurrency and NFT markets may impact financial performance.
London, England, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the Company has agreed to acquire a
https://www.youtube.com/watch?v=qFMSb-Dv7T0
Earlier this week, NSAV announced that it will partner with Metaverse Network LLC. to launch a pioneer Non-Fungible Token (NFT). Under the terms of the deal, NSAV will receive
https://www.bnnbloomberg.ca/nft-market-surpassed-40-billion-in-2021-new-estimate-shows-1.1703953
W. Y. Cheung, CEO of MNC stated, “We are thrilled to work with NSAV management. They are very blockchain savvy and their vision has always enlightened me. We are very impressed with the advanced technical ability of the NSAV team.”
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “This is another concrete step to commercialize the metaverse relationship between NSAV and Metaverse network. According to public information, Metaverse has the potential to be a
About MNC:
MNC is a centralized App that transforms diversified users to decentralized universe DApps. It is a “playground” that supports both creators and users for access, allowing to create a link between the present universe and Metaverse to work together in harmony. As Blockchain environments are dominating the landscape in the next era to come, MNC believes token ecology is essential to access the new era community and to operate in the decentralized economy.
About NSAV:
NSAV's vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, financial services, advisory services and information technology.
For further information please contact NSAV at info@nsavholdinginc.com
The NSAV Twitter account can be accessed at https://twitter.com/nsavtech
The NSAV corporate website can be accessed at http://nsavholdinginc.com
The NSAV Premium OTC Crypto Trading Desk website can be accessed at https://nsavholdinginc.com/otc-desk/
The NSAV Hong Kong OTC Crypto Trading Desk website can be accessed at https://hkotc.co/
The NSAVDEX 2 Exchange website can be accessed at https://nsavdex.io/
The NSAVDEX Telegram account can be accessed at https://t.me/NSAVDEXorg
Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking firm, will be advising NSAV on strategic matters related to this transaction.
Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/.
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.
Contact
Net Savings Link, Inc.
info@nsavholdinginc.com
Attachments
- $NSAV - NSAV TO ACQUIRE SIGNIFICANT MINORITY STAKE IN METAVERSE NETWORK (MNC)
- $NSAV - NSAV TO ACQUIRE SIGNIFICANT MINORITY STAKE IN METAVERSE NETWORK (MNC)
FAQ
What recent acquisition did NSAV announce?
What is Metaverse Network LLC known for?
When is MNC going public?
How will NSAV benefit from the NFT partnership with MNC?
What is the projected market size for the Metaverse?
