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Tokens.com Corp. (OTCQB: SMURF) announced an agreement to acquire all outstanding shares of Metaverse Group Ltd., increasing its ownership from 55.2% to 100%. As of December 31, 2022, Metaverse Group reported total assets of US$6.1 million, which will enhance Tokens.com’s pro forma total assets to US$17.7 million post-acquisition. The acquisition involves issuing 24,380,000 common shares to Metaverse's minority shareholders, with each receiving approximately 0.34 Tokens.com shares per Metaverse share. The transaction is pending shareholder and regulatory approval, expected to finalize in May 2023. This merger aims to leverage synergies in operations, particularly through Hulk Labs, enhancing product offerings and corporate efficiencies.
Tokens.com Corp. (OTCQB: SMURF) announced key executive promotions to enhance its leadership. Eric Abrahams is now Chief Operating Officer, responsible for overall operations, after playing a vital role in company growth since 2021. Jonathan Okihiro has been appointed Chief Investment Officer, overseeing token investment strategies, following his success in the company's crypto investment analysis. Josh Doner has been promoted to Group Lead at Hulk Labs while maintaining his role as Chief NFT Officer. The company expressed gratitude to former COO Deven Soni for his contributions. These changes aim to strengthen Tokens.com and drive future growth.
Tokens.com Corp. (OTCQB: SMURF) has announced a partnership between its subsidiary, Metaverse Group, and Lancia Italia for Metaverse Fashion Week 2023, occurring from March 28-31. This partnership marks Lancia as the first automotive brand to join Metaverse Group, featuring a virtual showroom inspired by its Milan location. The showroom will showcase a virtual replica of the Lancia Ypsilon and reveal a new concept car on April 15. This collaboration aims to broaden Lancia's audience and enhance Metaverse Group's exposure, highlighting growth in the web3 space.
Tokens.com Corp. (OTCQB: SMURF) is set to play a significant role in Metaverse Fashion Week 2023 (MVFW23) from March 28-31, 2023. As a leader in web3 assets, Tokens.com’s subsidiary, Metaverse Group, will host global brands like Dolce & Gabbana and DKNY in its Luxury District within Decentraland. The event will feature virtual fashion shows, retail shops, and unique experiences from renowned brands, enhancing brand visibility and engaging new audiences. CEO Andrew Kiguel expressed excitement for collaborating with top fashion houses, aiming to deliver innovative digital experiences.