Tokens.com to Acquire Full Ownership of Metaverse Group: A Major Step in the Web3 Realm

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

Tokens.com, a Web3 listed company on the Frankfurt Stock Exchange, has recently announced that it has made a bid to acquire full ownership of the Metaverse Group. This move is set to solidify Tokens.com’s position in the booming Web3 industry, specifically in the metaverse and P2E gaming sectors.

Why Tokens.com’s Move to Acquire Metaverse Group Matters for Web3

The acquisition of Metaverse Group highlights Tokens.com’s dedication to investing in Web3 assets, encryption pledges, metaverse, and P2E games. While Metaverse Group focuses on NFT assets, its unique virtual world project called the Metaverse, and its blockchain platform, provided through the DNA token.
In acquiring Metaverse Group, Tokens.com will have full ownership of Metaverse’s already established virtual world project and block-chain infrastructure. This will provide Tokens.com with an even stronger foothold in the Web3 industry.

The Financials of the Acquisition

As of December 31, 2022, the total assets of Metaverse Group were $6.1 million, including cash assets of $2.7 million, and $2.1 million of NFT assets. Tokens.com’s total asset size, on the other hand, was approximately $17.7 million, with a significant portion invested in the Web3 and specifically in the metaverse and P2E gaming sectors. Tokens.com currently owns approximately 55.2% of the outstanding shares in Metaverse Group and, after completing the transaction, it will be the sole shareholder of the company.

The Significance of Web3 and its Future

Web3 is the next level of the internet and operates on blockchain technology. It is a new era of the internet that enables a decentralized, open, and secure network for applications, gaming, and commerce. With decentralized finance, non-fungible tokens (NFTs), and digital art making up the Web3 industry, the metaverse, and P2E gaming are among its most significant and exciting sectors.
According to a report by Resonate, the future of Web3 holds immense possibilities for the e-commerce, entertainment, and music industries, as well as more efficient and secure transactions. With the acquisition of Metaverse Group, Tokens.com will be in the forefront of the metaverse and P2E gaming sectors, both of which are expected to be a $300 billion industry by 2025.

Conclusion

Tokens.com’s bid to acquire full ownership of Metaverse Group is a significant move for the Web3 industry, signaling the company’s dedication to investing in the metaverse and P2E gaming sectors. With the acquisition comes the ownership of Metaverse’s virtual world project and blockchain platform, providing Tokens.com with an even stronger foothold in the highly-anticipated Web3 industry. As Web3 continues to grow and evolve, it’s expected that companies like Tokens.com will continue to invest in crucial areas and cement their place in one of the most exciting technological trends of our time.

FAQs

1. What is Web3?
Web3 is a decentralized, open, and secure network for applications, gaming, and commerce that operates on blockchain technology.
2. What is Metaverse Group?
Metaverse Group is a blockchain-based company that focuses on NFT assets, its virtual world project called the Metaverse, and a blockchain platform provided through the DNA token.
3. What is the significance of Tokens.com acquiring Metaverse Group?
The acquisition of Metaverse Group highlights Tokens.com’s dedication to investing in Web3 assets, encryption pledges, metaverse, and P2E games. It provides Tokens.com with a stronger foothold in the Web3 industry, specifically in the metaverse and P2E gaming sectors.