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Tokens.com Corp. (OTCQB: SMURF) announced that its subsidiary, Metaverse Group, intends to acquire a 20% ownership interest in Metaverse Architects. The transaction, set to close in March, will enhance Metaverse Group’s capabilities in 3D modeling and event planning across various Metaverse platforms. This strategic partnership aims to expand their service offerings, including NFT design and immersive virtual experiences. CEO Andrew Kiguel emphasized the collaboration's potential to position them as a comprehensive service provider in the Metaverse space.
Positive
Acquisition of 20% interest in Metaverse Architects strengthens service offerings in the Metaverse.
Collaboration is expected to enhance NFT design and immersive experiences.
Strategic partnership positions Metaverse Group as a one-stop shop for Metaverse needs.
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 builds businesses linked to the Metaverse, NFTs and Play-to-Earn Gaming, is pleased to announce that its subsidiary, Metaverse Group, has signed a letter of intent to acquire 20% ownership interest in Metaverse Architects. In addition, Metaverse Group will appoint a representative to the board of directors of Metaverse Architects. The transaction is expected to close in March.
Metaverse Architects is a leading design and event planning firm who specialize in 3D modeling and game development. Metaverse Architects have the ability to design and build across several Metaverse worlds including Decentraland, Sandbox, Pax World and NFT Worlds. Additionally, the virtual architecture firm has the capability of hosting events and creating virtual immersive experiences for brands.
"We are pleased to combine forces with Metaverse Architects, the leading design and architecture firm in the Metaverse. Our partnership allows Metaverse Group to provide a host of services to our clients including events, NFT design and drops, and architecture design and services,” said Andrew Kiguel, Tokens.com CEO and Executive Chairman of Metaverse Group. “We're excited to enhance the scope of what we offer with such a strong team to become a one-stop shop for all Metaverse needs."
Metaverse Architects is currently in the process of completing the Tokens.com Tower in Decentraland's Crypto Valley. The Tower will be used to host future crypto conferences and offer office rental spaces to companies looking for a presence in the Metaverse. Parties interested in developing a presence in the Metaverse on our property can contact Info@metaversegroup.com.
"Metaverse Group continues to not only acquire marquee properties, but also grow its list of services offered to retailers and advertisers. This collaboration enhances our ability to be the leading Metaverse real estate owner and developer,” commented Metaverse Group CEO, Lorne Sugarman.
"Formalizing this partnership is an important step in ensuring we can continue expanding the quality and scope of our services, whilst ensuring we meet the sector’s growing demand. We’re confident that working together with Tokens.com and Metaverse Group will allow us to continue pioneering and trail-blazing in the Metaverse industry, whilst remaining at the forefront of Metaverse-based land design, utility development and Web 3.0 services,” said Sean Ellul, Metaverse Architects Co-Founder.
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, also 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 company, is the majority owner of Metaverse Group. The Metaverse Architects is a 3D Modeling & Game Development studio for the Metaverse. We design and develop for Decentraland, The Sandbox and all Metaverse worlds. Bringing your brand to the Virtual World in a playful and engaging way.
Brands or virtual land owners interested in partnering with Metaverse Group should contact: Info@metaversegroup.com.
About Metaverse Architects
Metaverse Architects are a 3D Modeling and Game Development studio for the Metaverse, who pioneer and develop immersion-focused use cases for brands and digital land owners in the Metaverse. With their slogan “If you can think it, we can build it!”, Metaverse Architects are not afraid to push the boundaries of what is possible in Metaverse worlds, and work with a number of partners to develop new, cutting-edge use cases for brands which wish to expand their presence into the Metaverse.
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.
Keep up-to-date on Tokens.com developments and join our online communities at 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.
What is the significance of Tokens.com acquiring a stake in Metaverse Architects?
The acquisition of a 20% ownership interest in Metaverse Architects enhances Tokens.com’s capabilities in Metaverse services, allowing for improved 3D modeling and event planning.
When is the acquisition of Metaverse Architects expected to close?
The acquisition is expected to close in March.
How will the acquisition impact Tokens.com (SMURF) and its investors?
This acquisition is likely to expand service offerings and market presence in the Metaverse, potentially driving revenue growth and investor interest.
What services will Tokens.com provide after acquiring Metaverse Architects?
After the acquisition, Tokens.com will offer enhanced services including NFT design, event planning, and 3D architecture design, catering to diverse Metaverse clients.
