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Tokens.com Corp. (OTCQB: SMURF) has announced that its subsidiary, Metaverse Group, has signed a lease with Skechers USA, Inc. (NYSE: SKX) for a 5,000-square-foot space in Decentraland. This collaboration represents a significant step in Tokens.com’s Metaverse strategy, positioning Metaverse Group as a pioneering virtual landlord. The lease aims to create an innovative shopping experience and generate recurring revenue, akin to traditional real estate models. Both companies are exploring new customer engagement strategies within the Metaverse.
Tokens.com, a public company focused on Web3 investments, has staked its CryptoPunk #5067 via the NFTX platform, generating a new revenue stream. The NFTX platform allows users to stake NFTs for an annual yield exceeding 17%. This initiative reflects the growing liquidity in the NFT market and aligns with Tokens.com’s strategy to leverage DeFi applications. CEO Andrew Kiguel emphasized the benefits of exploring new DeFi opportunities, while COO Deven Soni noted the macro growth potential in the NFT and DeFi sectors.
Tokens.com Corp. (OTCQB: SMURF) announced that its subsidiary, Metaverse Group, has signed virtual land lease agreements with Groundbreak Ventures, Renno & Co. Inc., Sophia Technologies, and Thrivo Technologies Inc. These agreements signify a strategic advancement in the company's Metaverse operations, establishing it as a prominent player in virtual real estate. The tenants will utilize Metaverse Group's development services for their projects. This move aims to generate recurring revenue akin to traditional real estate landlords, enhancing Tokens.com’s position in the growing Web3 market.
Tokens.com Corp. (OTCQB: SMURF) announced the participation of notable brands like Dolce & Gabbana and Tommy Hilfiger in the first-ever Metaverse Fashion Week, scheduled for March 24-27. Hosted by Tokens.com’s subsidiary Metaverse Group in Decentraland, this event will feature immersive virtual fashion shows, pop-up shops, and afterparties.
CEO Andrew Kiguel emphasized the event's significance in attracting consumer interest in the Metaverse. The free event does not require VR hardware, enhancing accessibility.
Tokens.com Corp. (OTCQB: SMURF) has completed the construction of the Tokens.com Tower, a virtual office and event space situated in Decentraland's Crypto Valley. This multi-level facility spans over 28,000 square feet, capable of hosting hundreds of virtual guests. The tower will serve as the headquarters for Tokens.com and its subsidiaries, aiming to generate revenue through digital advertising and event space rentals. The grand opening is set for Q2, with interest already shown for event hosting. Andrew Kiguel, CEO, emphasizes its role in solidifying the company's presence in the Metaverse.
Tokens.com Corp. (OTCQB: SMURF) announced that its subsidiary, Metaverse Group, intends to acquire a 20% ownership interest in Metaverse Architects. The transaction, set to close in March, will enhance Metaverse Group’s capabilities in 3D modeling and event planning across various Metaverse platforms. This strategic partnership aims to expand their service offerings, including NFT design and immersive virtual experiences. CEO Andrew Kiguel emphasized the collaboration's potential to position them as a comprehensive service provider in the Metaverse space.
Tokens.com Corp. (OTCQB: SMURF) announced a change of auditor, appointing Raymond Chabot Grant Thornton LLP as its new auditor effective February 16, 2022. The resignation of the former auditor, DNTW Toronto LLP, also took effect on February 16, 2022. Importantly, there were no disagreements or unresolved issues between the company and the former auditor regarding audit scope or financial statement disclosures. The company has filed a Notice of Change of Auditor along with relevant letters from both auditors, available on www.sedar.com.
Tokens.com Corp. (OTCQB: SMURF) announced that its subsidiary, Metaverse Group, has acquired 49 additional parcels in Decentraland’s Fashion District, expanding its footprint to approximately 450,000 square feet. This strategic acquisition positions Tokens.com as the largest owner of contiguous property in this area, crucial for their vision of establishing a key shopping location in the Metaverse. The Fashion Street Estate will also host Decentraland’s inaugural virtual Fashion Week from March 24-27, featuring immersive experiences aimed at attracting brands and retailers.
Tokens.com Corp. (OTCQB: SMURF) announced that its subsidiary, Metaverse Group, has acquired three strategic parcels of virtual land in Decentraland, referred to as The Gen Estate. This virtual real estate, equivalent to nearly 25,000 square feet, is strategically located near a transit hub and Dragon City. The acquisition was made through equity in Metaverse Group, with JMD Capital as the vendor. CEO Andrew Kiguel stated this aligns with their strategy of enhancing their real estate portfolio within the Metaverse.
Tokens.com Corp. (OTCQB: SMURF) has appointed DNTW Toronto LLP as its new auditor, effective January 28, 2022. The decision follows the resignation of Manning Elliott LLP, with no disagreements reported between the company and its former auditor regarding audit scope or financial disclosures. CEO Andrew Kiguel expressed gratitude for Manning Elliott's services since 2020 and looks forward to a smooth transition with the new auditor. The Notice of Change of Auditor has been filed and is available on SEDAR.