Tokens.com Corp. a publicly traded company that invests in revenue-generating crypto and blockchain assets linked to Decentralized Finance Non-Fungible Tokens and metaverse real estate, is pleased to announce that the Company has closed its purchase of a 50% stake in Metaverse Group. Tokens.com issued two million common shares at an issue price of CAD$0.84, valuing the acquisition at CAD$1,680,000, making it one of ...

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 revenue-generating crypto and blockchain assets linked to Decentralized Finance ("DeFi"), Non-Fungible Tokens ("NFT") and metaverse real estate, is pleased to announce that the Company has closed its purchase of a 50% stake in Metaverse Group.

Tokens.com issued two million common shares at an issue price of CAD$0.84, valuing the acquisition at CAD$1,680,000, making it one of the highest value equity investments ever in a specialized Metaverse real estate company. Tokens.com received twenty-five million shares of Metaverse Group for its 50% ownership position.

Metaverse Group is one of the world's first virtual NFT based real estate companies and owns an extensive portfolio of virtual NFT real estate properties in major blockchain-based Metaverses including Decentraland, Somnium Space, The Sandbox, Cryptovoxels and Upland. Metaverse Group operates additional services including virtual property development, property management, and assisting companies with marketing and advertising in the Metaverse.

"The Metaverse is a game-changer for how advertisers and brands market their products. Physical and virtual real estate are extremely similar. As more people congregate in these virtual cities, the land becomes more sought after for its ability to reach a new global demographic. Brands like Adidas 1 and Gucci 2 are discovering this, as are artists like Snoop Dogg 3 and Ariana Grande 4 ," commented CEO, Andrew Kiguel of Tokens.com . "Metaverse Group has the potential to be a major landlord and developer by using the same strategies used by physical real estate managers."

A metaverse is a 3D online city where people can work, play games and communicate in a virtual environment. Tech firms have implemented metaverse elements in popular games including Animal Crossing, Fortnite and Roblox. Other technology companies such as Microsoft have also embraced the metaverse as the convergence of the virtual and physical world which has only been accelerated with the pandemic. Facebook CEO, Mark Zuckerburg made headlines recently when he said the world's most popular social network will become a metaverse company 5 . These elements include planning live events such as concerts, conferences, pitch competitions and tournaments where millions of players can interact from around the globe.

About Tokens.com

Tokens.com Corp is a publicly traded company that owns an inventory of DeFi and NFT based cryptocurrencies. Through a process called staking, Tokens.com's inventory of cryptocurrencies is used to earn additional tokens. In addition, Tokens.com co-owns Metaverse Group, one of the world's first NFT based, virtual real estate blockchain companies. Through its growing digital asset inventory, Tokens.com provides public market investors with a simple and secure way to gain exposure to cryptocurrencies linked to DeFi and NFTs.

Further information can be found on the Company's website: Tokens.com.

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.


1 ps://republic.co/blog/real-estate/what-is-a-metaverse
2 ps://www.inputmag.com/style/roblox-gucci-bag-handbag-purse-digital-virtual-nft-sold-4000
3 ps://ca.finance.yahoo.com/news/snoop-dogg-enters-nft-metaverse-223716874.html
4 ps://www.forbes.com/sites/cathyhackl/2021/08/09/metaverse-weekly-nascar-revs-up-its-metaverse-motors-burberry-launches-nfts-ariana-grande--megan-thee-stallion-enter-the-metaverse/?sh=5c55bc7468ba
5 tps://www.theverge.com/22588022/mark-zuckerberg-facebook-ceo-metaverse-interview

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: Megan Stangl – Talk Shop Media
Email: megan@talkshopmedia.com

News Provided by Business Wire via QuoteMedia

CoinAnalyst COO, Andrew Sazama, Featured on The Stock Day Podcast

CoinAnalyst COO, Andrew Sazama, Featured on The Stock Day Podcast

The Stock Day Podcast welcomed CoinAnalyst (CSE: COYX) ("the Company"), a company that provides an artificial intelligence-based big data analytics platform that enables investors in the digital asset sector and other industries detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators. Chief Operating Officer and Director of the Company, Andrew Sazama, joined Stock Day host Everett Jolly.

Jolly began the interview by commenting on a recent press release detailing the Company's strategic partnership with Yieldster. "Yieldster is a fantastic partner; they are looking to use the big data and artificial intelligence pieces that we develop in our platform to help augment and improve their vault system, as well as allow us to have our own option to share copy trading."

Keep reading... Show less
Banxa Signs Top 20 Crypto Derivatives Exchange Deribit

Banxa Signs Top 20 Crypto Derivatives Exchange Deribit

Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first public payment service provider (PSP) and compliance RegTech platform for the digital asset industry, is excited to announce the launch of a partnership with Deribit, the institutional-grade Top 20 crypto derivatives platform (Source: coinmarketcap.com). This partnership gives Deribit customers access to the Banxa Network, with the broadest range of payment options using Banxa's secure, managed service.

Deribit provides a professional, fully dedicated cryptocurrency futures and options trading platform, now supported by Banxas' payments service. Deribits' focus on integrity and quality combined with Banxas' provision of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliant payments solutions empowers Deribit traders with a long-term sustainable solution for derivative and crypto trading. In addition, the partnership between Deribit and Banxa allows traders access to the same standards as the conventional derivatives market.

Keep reading... Show less
CoinSmart Achieves Record Monthly Revenue of $1.8 Million in October

CoinSmart Achieves Record Monthly Revenue of $1.8 Million in October

Record Cash of 18MM and Crypto Assets of 3MM for a total of $21 Million ($0.35 per share) on Balance Sheet

Toronto, Ontario--(Newsfile Corp. - November 30, 2021) - CoinSmart Financial Inc. (NEO: SMRT) (FSE: IIR) ("CoinSmart"), a leading Canadian headquartered crypto asset trading platform, today announced record preliminary unaudited monthly revenue in October 2021 of approximately $1.8 million[1]. This represents a 24% increase compared to September 2021 and was primarily driven by increased trading volume.

Keep reading... Show less

Prophecy DeFi Announces Amended Terms of Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Prophecy DeFi Inc. (" Prophecy DeFi ", " PDFI " or the " Company ") (CSE: PDFI) announces that further to its press release dated November 15, 2021 it is amending the terms of the previously announced brokered private placement financing.  Under the amended terms Canaccord Genuity Corp. (the " Lead Agent ") on behalf of a syndicate of agents including INFOR Financial Inc. (collectively, the " Agents ") will act as agents for the Company to offer for sale, on a commercially reasonable efforts private placement basis, up to C$10,000,000 aggregate principal amount of convertible debenture units of the Company (the " Debenture Units ") at an issue price of C$1,000 per Debenture Unit (the " Offering ").  Each Debenture Unit will be comprised of $1,000 principal amount of 10.0% unsecured convertible debentures of the Company (the " Convertible Debentures ") and 1,250 common share purchase warrants of the Company (the " Warrants ").  Each Convertible Debenture will be convertible on the terms described below and each Warrant will be exercisable into one common share of the Company (" Common Shares ") at a price of C$1.25 per Common Share for a period of thirty-six (36) months from the closing date, subject to the right of the Company to accelerate the expiry date of the Warrants if, at any time following the date that is four months and one day following the closing date of the Offering, the daily volume weighted average trading price of the Common Shares on the Canadian Securities Exchange (the " CSE ") is greater than $2.50 for 10 consecutive trading days.

Keep reading... Show less
CoinAnalyst Plans Roll Out of Enhanced Sentiment Analysis for NFTs

CoinAnalyst Plans Roll Out of Enhanced Sentiment Analysis for NFTs

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) ("CoinAnalyst" or the "Company"), a company that provides an artificial intelligence-based big data analytics platform which delivers detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators to investors in the digital asset sector and other industries, announced today its plans to roll out an enhanced Sentiment Analysis for passion-based NFTs.

"2021 has seen the meteoric rise of the non-fungible token (NFT). The data we collect shows a strong correlation between passion and investment, which is especially true with NFTs. As passion grows for a particular art, the price increases. Adding these indicators will allow our sentiment analysis to evolve in a big way as Web 3.0 emerges," said Andrew Sazama, COO of CoinAnalyst.

Keep reading... Show less
Banxa Announces Fiscal Results for September Quarter 2021

Banxa Announces Fiscal Results for September Quarter 2021

Highlights:

  • $256 million AUD ($182 million USD) Total Transaction Value (TTV) up 205% year on year
  • Revenue of $12 million AUD ($8.5 million USD) - up over 316% year on year
  • $25 million AUD ($18 million USD) in liquid assets (including cash and equivalents)
  • Adjusted EBITDA loss of $1.2 million AUD ($0.8 million USD)
  • Added 17 new coins with current support for 39 coins

Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first public payment service provider (PSP) and compliance Reg-tech platform for the digital asset industry, is pleased to announce its September 2021 quarter results. The full results including MD&A are available on Sedar.

Keep reading... Show less

Top News

Related News