Tokens.com Announces Bid for Full Ownership of Metaverse Group

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 announced that it has made a bid to acquire full ownership of Metaverse Group. Currently, as a major shareholder of Metaverse Group, Tokens.com owns approximately 55.2% of the outstanding shares and will hold 100% of the latter after the completion of this transaction. In this article, we will take a closer look at this acquisition bid and what it means for the future of Tokens.com and Metaverse Group.

Background

Metaverse Group is a company that is focused on the creation and incorporation of blockchain technology in its products and services. The company has its own cryptocurrency, the ETP token, which is used as a store of value and a means of transaction on its platform. On the other hand, Tokens.com mainly invests in Web3 assets, encryption pledges, metaverse, and P2E games. 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.

Tokens.com’s Bid

Through this acquisition bid, Tokens.com aims to acquire full control of Metaverse Group and its assets. Tokens.com had already owned a majority stake in the company and after completing this acquisition, it will have complete ownership. The bid is expected to be completed in the near future and is believed to bring about a significant change in the crypto investment landscape.

Implications

This acquisition bid has significant implications for the future and development of the two companies. Tokens.com’s increased focus on acquiring Metaverse Group shows its desire to expand its investment portfolio to include more Web3 assets, encryption pledges, metaverse, and P2E games. Additionally, the acquisition will increase Tokens.com’s earnings power and let them put a greater focus on the development of the metaverse. Tokens.com’s CEO declared “The Metaverse represents a compelling opportunity and our increased ownership of the platform will put us in a great position to participate in the development of this digital world.”
This bid is also a step forward in the wider trend of Web3 companies acquiring other Web3 companies. Cryptocurrency companies have been acquiring other Web3 companies to benefit from synergies in the technology and scale up their operations. The acquisition of Metaverse Group by Tokens.com is a sign of the current trend towards consolidation in the Web3 industry.

Conclusion

Tokens.com’s bid for Metaverse Group is a sign of the growing interest and investment in the Web3 industry. The acquisition is expected to impact both companies positively and allow for greater development of Web3 assets, encryption pledges, metaverse, and P2E games. This acquisition will also increase Tokens.com’s earnings power and set them up to benefit from the developing metaverse trend. The acquisition signals a wider trend of consolidation in the Web3 industry and sets the stage for future acquisitions.

FAQs

#1. What is Tokens.com?

Tokens.com is a Web3 listed company that mainly invests in Web3 assets, encryption pledges, metaverse, and P2E games. It is focused on the development and adoption of blockchain technology in its operations.

#2. What is Metaverse Group?

Metaverse Group is a company that creates and incorporates blockchain technology in its products and services. It is known for its cryptocurrency, the ETP token, which is used as a store of value and means of transaction on its platform.

#3. What are the implications of Tokens.com’s bid for Metaverse Group?

Tokens.com’s bid has significant implications for both companies. The acquisition will allow for greater development of Web3 assets, encryption pledges, metaverse, and P2E games. It will also increase Tokens.com’s earnings power and set them up to benefit from the developing metaverse trend. The acquisition signals a wider trend of consolidation in the Web3 industry and sets the stage for future acquisitions.
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