Tokens.com Announces First Metaverse Tenants

Rhea-AI Summary

Tokens.com Corp. (OTCQB: SMURF) announced that its subsidiary, Metaverse Group, has signed virtual land lease agreements with Groundbreak Ventures, Renno & Co. Inc., Sophia Technologies, and Thrivo Technologies Inc. These agreements signify a strategic advancement in the company's Metaverse operations, establishing it as a prominent player in virtual real estate. The tenants will utilize Metaverse Group's development services for their projects. This move aims to generate recurring revenue akin to traditional real estate landlords, enhancing Tokens.com’s position in the growing Web3 market.

Positive

• Signing of virtual land lease agreements with notable firms enhances recurring revenue potential.
• Establishes Metaverse Group as a leader in virtual real estate leasing.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Tokens.com Corp. (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or “the Company”), a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse and NFTs, is pleased to announce that its subsidiary, Metaverse Group, has signed virtual land lease agreements with Groundbreak Ventures, Renno & Co. Inc., Sophia Technologies, and Thrivo Technologies Inc.

In addition to the lease agreements, tenants will be using Metaverse Group’s development and architectural services to assist with the development of their Metaverse projects.

"These lease agreements mark a pivotal evolution in our Metaverse strategy. Not only do we own valuable virtual real estate but we also generate recurring revenue, similar to landlords in the physical world and to online advertising platforms such as large search engines and social media networks,” commented Tokens.com CEO and Metaverse Group Executive Chairman, Andrew Kiguel. “These partnerships establish Metaverse Group as one of the first virtual landlords in the world to successfully lease out its Metaverse real estate.”

The tenants are renting virtual real estate on various parcels across Metaverse Group’s portfolio in Decentraland and waterfront parcels within Somnium Space.

“Signing these initial leases for virtual real estate solidifies our position as Metaverse landlords. We are in active discussion with numerous other parties and are looking forward to launching more brands into the Metaverse this year,” commented Lorne Sugarman, CEO of Metaverse Group.

This collection of tenants come from diverse backgrounds:

- Groundbreak Ventures is a venture capital firm specializing in real estate and property technology.
- Renno & Co. Inc. is a Canadian digital law firm specializing in crypto.
- Sophia Technologies (or Sophia App) is a leading UK Education Technology Disruptor with a focus on online education and private tuition sectors.
- Thrivo Technologies Inc. is a technology company that creates innovative technology based systems to overcome challenges in the salon industry in order to restore and expand salon profit potential.

Inquiries for virtual real estate leases, digital advertising, or event space rentals should contact info@metaversegroup.com.

About Metaverse Group

The Metaverse Group is a vertically integrated NFT based Metaverse real estate company. The group, with its global headquarters in Decentraland’s Crypto Valley, owns an eight-figure real estate portfolio across many leading virtual worlds. The company intends to continue to purchase, develop and rent out its portfolio of real estate assets. Tokens.com, a publicly-traded Web3 company, is the majority owner of Metaverse Group.

For further information please visit https://metaversegroup.com.

About Tokens.com

Tokens.com Corp is a publicly-traded Web3 company that owns an inventory of metaverse, P2E, DeFi and NFT based digital assets and businesses. Tokens.com is the majority owner of Metaverse Group, one of the world’s first virtual real estate companies. Hulk Labs, a wholly-owned Tokens.com subsidiary, focuses on investing in Play-to-Earn revenue generating gaming tokens and NFTs. Additionally, Tokens.com owns and stakes crypto assets to earn additional tokens. Through its growing digital assets and NFTs, Tokens.com provides public market investors with a simple and secure way to gain exposure to Web3.

Visit Tokens.com to learn more.

Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.

This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220302005284/en/

Tokens.com Corp.

Andrew Kiguel, CEO

Telephone: +1-647-578-7490

Email: contact@tokens.com

Jennifer Karkula, Head of Communications

Email: contact@tokens.com

Media Contact: Ryleigh Ebron – Talk Shop Media

Email: ryleigh@talkshopmedia.com

Source: Tokens.com Corp.

FAQ

What recent virtual land leases did Tokens.com (SMURF) announce?

Tokens.com announced virtual land lease agreements with Groundbreak Ventures, Renno & Co. Inc., Sophia Technologies, and Thrivo Technologies Inc.

How does the new leasing strategy impact Tokens.com (SMURF)?

The leasing strategy is expected to generate recurring revenue and solidify Tokens.com’s position as a leader in the Metaverse real estate sector.

What is the significance of the Metaverse Group's recent agreements for SMURF shareholders?

The agreements highlight the potential for increased revenue streams, positively impacting shareholder value.

Which companies are renting virtual real estate from Tokens.com (SMURF)?

The companies renting virtual real estate include Groundbreak Ventures, Renno & Co. Inc., Sophia Technologies, and Thrivo Technologies Inc.

What does Tokens.com's (SMURF) virtual real estate portfolio include?

Tokens.com’s portfolio includes virtual land in Decentraland and Somnium Space, as well as various digital assets.