#Tokens.com plans to acquire Metaverse Group for full ownership
According to reports, Tokens.com, a Web3 listed company on the Frankfurt Stock Exchange, has announced that it has made a bid to acquire full ownership of Metaverse Group. Currentl
According to reports, Tokens.com, a Web3 listed company on the Frankfurt Stock Exchange, has announced that it has made a bid to acquire full ownership of Metaverse Group. Currently, as a major shareholder of Metaverse Group, it owns approximately 55.2% of the outstanding shares and will hold 100% of the latter after the completion of this transaction. As of December 31, 2022, the total assets of Metaverse Group were $6.1 million, including cash assets of $2.7 million, NFT assets of approximately $2.1 million, and Tokens.com’s total asset size was approximately $17.7 million. The company mainly invests in Web3 assets, encryption pledges, metaverse, and P2E games. （financialpost）
Tokens.com Offers to Acquire Full Ownership of Metaverse Group
##Overview
Tokens.com, a Web3 listed company on the Frankfurt Stock Exchange, has announced its plan to acquire full ownership of Metaverse Group. Currently, Tokens.com is a major shareholder of Metaverse Group, owning approximately 55.2% outstanding shares. After completing the transaction, Tokens.com will hold 100% of the latter.
##The financials
As of December 31, 2022, Metaverse Group had total assets of $6.1 million, including cash assets of $2.7 million and NFT assets of approximately $2.1 million. On the other hand, Tokens.com’s total asset size was approximately $17.7 million. Tokens.com mainly invests in Web3 assets, encryption pledges, metaverse, and P2E games.
##Implications of the deal
This acquisition is a strategic move for Tokens.com as it aims to expand its portfolio of Web3 assets. In recent years, the adoption of decentralized technologies, especially blockchain technology, has been on the rise. Therefore, Tokens.com believes that by acquiring Metaverse Group, it would gain a competitive edge in the fast-growing market.
##The future of Web3
Web3 is an umbrella term that covers several technologies such as blockchain, smart contracts, decentralized applications, and more. It’s the next logical step after the current internet, which is centralized and controlled by large corporations. With Web3, users have more control and ownership of their data. Moreover, the Web3 ecosystem is expected to revolutionize several industries, including finance, gaming, healthcare, and more.
##The metaverse and P2E games
The metaverse is a term used to describe a virtual world that people can access through the internet. It’s a collective virtual shared space that combines elements of gaming, social media, and more. Similarly, P2E (play to earn) games are blockchain games that allow players to earn cryptocurrency or other rewards while playing.
##Conclusion
Tokens.com’s acquisition of Metaverse Group is a bold move. As the adoption of Web3 technology continues to grow, more investors are likely to shift their focus to this field. Therefore, Tokens.com’s expansion in this market will position it to take advantage of the increased demand for Web3 assets.
###FAQs:
1. What is Web3?
Web3 is a term used to describe a set of technologies that aim to enable a decentralized web. It includes blockchain, smart contracts, decentralized applications, and more.
2. What is the metaverse?
The metaverse is a virtual world that people can access through the internet. It combines elements of gaming, social media, and more.
3. What are P2E games?
P2E (play to earn) games are blockchain games that allow players to earn cryptocurrency or other rewards while playing.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/20978/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Introduction
On March 24th, it was announced that Numoen, a decentralized option agreement that does not require a license, has been launched in Polygon. Currently, the markets supported includ
-
Razer Launches ZVentures Web3 Incubator to Bring Web3 Gaming to the Mainstream
According to reports, gaming hardware and peripheral giant Razer has launched the Web3 incubator zVentures Web3 Incubator (ZW3I), aiming to help bring Web3 enabled games to mainstr
-
Bitcoin’s Market Fluctuations: Manage Your Risks
According to the report, the market shows that BTC has exceeded US $22500 and is now reported at US $22505.6, with a daily increase of 10.57%. The market fluctuates greatly. Please do a good job in risk control. BTC exceeded US $22500 Analysis based on this information:Bitcoin, the world’s most well-known cryptocurrency, has gained incredible popularity in recent years, with many investors eagerly anticipating its growth. However, the market for Bitcoin is highly variable, and the recent upward trend of Bitcoin’s price is no exception. According to a report, Bitcoin’s current price is at US$22,505.6, having surpassed the US$22,500 mark with a growth rate of 10.57% in a single day, showing major fluctuations in the market. As much as the soaring rates of Bitcoin in the past few days might be alluring for investors, it’s essential to note that the market is highly unstable. In light of these fluctuations, investors need to adopt a proactive approach towards risk management. Risk…
-
Revolutionizing the Internet: Tomi’s DAO Governance Model
According to reports, the decentralized autonomous organization (DAO) Tomi, which aims to establish alternative Internet networks, has raised $40 million, led by digital asset mark
-
Understanding the Shen Bo Theft Incident: A Look at the Beosin EagleEye Security Risk Monitoring Platform
According to reports, on April 16, 2023, according to the Beosin EagleEye security risk monitoring, warning, and blocking platform monitoring under the blockchain security audit co
-
Circle CEO assures safety of deposits and USDC reserves after Signature Bank closure
On March 13, Jeremy Allaire, co-founder and CEO of Circle, tweeted that Circle’s deposit in SVB was 100% safe and would open tomorrow. USDC reserves are also 100% safe. Circle will complete the transfer of the remaining SVB cash to BNYMellon, and USDC’s liquidity operation will resume when the bank opens tomorrow morning. Jeremy Allaire also said that after the closure of Signature Bank, it would not be able to process and redeem the USDC through SigNet, and Circle would rely on New York Mellon Bank for settlement. Circle co-creation: Circle will rely on New York Mellon Bank for settlement Analysis based on this information:Circle co-founder and CEO, Jeremy Allaire, recently took to Twitter to reassure customers that their deposits in SVB were completely safe and would be available the following day. This announcement came after the closure of Signature Bank, which had been processing and redeeming USDC through SigNet. Allaire noted that Circle would transition to using New York…
-
The Increasing Prevalence of Cryptocurrency Fraud in Australia: Understanding the Risks and Avoiding Scams
According to a report released by the Australian Competition and Consumer Council (ACCC), Australian citizens lost $148.4 million in cryptocurrency due to fraud in 2022, an increas
-
ConsenSys and Mercuryo team up to offer a convenient solution for buying encrypted tokens on MetaMask
On February 16, ConsenSys announced that it would cooperate with Mercuryo, an encryption payment company, to integrate in MetaMask, which would allow MetaMask …
-
mStable Community Considers Next Steps: Acquisition, Merger, or Discontinuation?
It is reported that the stable currency aggregation protocol mStable community has launched MIP-30 to determine its future development path. Options include being acquired by dHE DGE or Origin Protocol, merging with SpoolDAO or Idle Finance, and stopping the operation of mStable products. The proposal will be voted on March 20th with a 5-day voting window. Stable Currency Aggregation Agreement mStable Initiates Proposals to Be Acquired or Discontinued Operations Analysis based on this information:The stable currency aggregation protocol mStable community has launched a proposal to determine the course of its future development. The proposal, called MIP-30, presents three options: being acquired by dHE DGE or Origin Protocol, merging with SpoolDAO or Idle Finance, or stopping the operation of mStable products altogether. This decision comes as mStable looks to expand its reach and increase its user base. The platform offers a unique combination of stablecoins and allows for seamless swapping between them, with the added benefit of earned interest. However, the…
-
Potential Inflation and the Interest Rate Hike Cycle: What’s Happening in the US Economy?
On April 18th, it was reported that there is evidence that potential inflation in the United States did not quickly fall to the Federal Reserve\’s 2% target, and there are signs tha
-
Ouyi OKX Announces Routine Maintenance and Wallet Rebalancing
On April 23rd, it was announced by Ouyi OKX that according to routine maintenance, asset allocation and rebalancing of hot and cold wallets will be carried out within the next 24 h
-
Algorand Foundation Hires Halborn and Chainalysis to Investigate MyAlgo Wallet Attack
On March 8, the Algorand Foundation tweeted that it had hired the blockchain security company Halborn to investigate the recent MyAlgo wallet attack; At the sa…
-
What games have been associated with Bitcoin in the past (what games earn Bitcoin)?
What games have been associated with Bitcoin in the past? What games have been a
-
A Guide to the zkSync Ecological Domain Name Service (ZNS)
According to official news, the zkSync ecological domain name service zks. network (ZNS) has been launched on the zkSyncEra main network and will open the domain name registration
-
Bitcoin Predicted to Skyrocket to $1 Million as Central Bank Policies Shift
According to reports, Arthur Hayes, the founder of BitMEX, said that due to significant changes in global central bank policies, it is expected that Bitcoin (BTC) will rise significantly, or rise to $1 million. Founder of BitMEX: With significant changes in central bank policy, Bitcoin will rise to $1 million Analysis based on this information:Arthur Hayes, the founder of BitMEX, recently made headlines when he predicted that the value of Bitcoin could effectively skyrocket to a staggering $1 million in response to significant changes in global central bank policies. While many may have been skeptical of such a bold claim, experts are taking it seriously for a variety of reasons. To start with, it is important to understand the context in which Hayes made this prediction. Central bank policies have long been one of the key drivers of the global economy, as the decisions made by these institutions regarding interest rates, money supply, and other factors can have a significant…
-
Market Volatility: OKB Falls Below $45
According to reports, the market shows that OKB has fallen below $45 and is currently trading at $44.99, with a daily decline of 5.52%. The market is highly volatile, so please tak