NFT Tech Acquires Web3 Development Company Run It Wild
It is reported that NFT Tech announced the completion of the acquisition of Run It Wild, a Web3 development company. Adam, the founder of Run It Wild, is the c…
It is reported that NFT Tech announced the completion of the acquisition of Run It Wild, a Web3 development company. Adam, the founder of Run It Wild, is the cooperation director of Decentraland, the former universe platform. The company has developed Web3 strategy for Linktree, a digital identity management service provider, and also provided support for AO Metaverse, the Australian Open Games universe project. The acquisition price has not been disclosed yet, However, it is reported that NFT Tech will issue 10000000 ordinary shares and pay $50000 in cash in exchange for all the issued and outstanding shares of Run it Wild. （businesswire）
NFT Tech completes the acquisition of Run It Wild, a Web3 development company
Analysis based on this information:
NFT Tech, a blockchain technology company, has recently completed the acquisition of Run It Wild, a Web3 development company. Run It Wild has been involved in developing Web3 strategies for various projects, including Linktree and AO Metaverse. The founder of Run It Wild, Adam, is also the cooperation director of Decentraland, a virtual universe platform.
The acquisition price has not been disclosed as of yet. However, NFT Tech has reportedly issued 10000000 ordinary shares and paid $50000 in cash in exchange for all the issued and outstanding shares of Run It Wild. This move is not surprising, given that NFT Tech has been aggressively expanding its presence in the blockchain and NFT space.
By acquiring Run It Wild, NFT Tech has gained access to a team of experienced developers who have expertise in Web3 development. As more companies are looking to incorporate blockchain technology into their business models, the demand for Web3 developers is on the rise. This acquisition allows NFT Tech to broaden its portfolio and strengthen its position as a leader in blockchain technology.
Moreover, the fact that Run It Wild has developed Web3 strategies for Linktree, a digital identity management service provider, is noteworthy. Digital identity management is becoming increasingly important in the age of digitalization. Companies that can offer secure and efficient digital identity management solutions will be in high demand. With Run It Wild on board, NFT Tech is well-positioned to offer digital identity management solutions powered by blockchain technology.
In conclusion, NFT Tech’s acquisition of Run It Wild is a strategic move that allows the company to expand its presence in the Web3 development space and offer innovative solutions to its clients. With the addition of Run It Wild’s experienced team and expertise, NFT Tech is well-positioned to capitalize on the growing demand for blockchain and NFT solutions.
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