Tokens.com Acquires 50% of Metaverse Group
October 18, 2021
Tokens.com closed the purchase of a 50% stake in Metaverse Group by issuing two million common shares at CAD$0.84 (valuation CAD$1.68M), receiving 25 million Metaverse Group shares for the ownership position. Metaverse Group owns an extensive portfolio of virtual NFT real estate across Decentraland, The Sandbox, Somnium Space, Cryptovoxels and Upland and provides virtual property development, property management and metaverse marketing/advertising services.
- Buyers
- Tokens.com Corp.
- Targets
- Metaverse Group
- Industry
- Real Estate
- Transaction Type
- Buyout
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