Cosmic Wire Acquires ArtsGalore for $31.5 Million

March 28, 2022

Web3 company Cosmic Wire has acquired Dubai-based gallery ArtsGalore for $31.5 million. The acquisition brings ArtsGalore’s fine-art and NFT collections and founder Mohamedali Rashid — who will join Cosmic Wire as Chief Revenue Officer — into Cosmic Wire’s global Web3 and metaverse offering and supports the company’s expansion into Dubai and the Middle East.

Buyers
Cosmic Wire
Targets
ArtsGalore
Location
Dubai, United Arab Emirates
Transaction Type
Buyout

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