Metaverse Group Acquired CocoNFT
Tokens.com subsidiary, Metaverse Group, has acquired CocoNFT, an NFT platform for non-crypto-native creators.
Metaverse Group acquired CocoNFT to reach out to more brands and influencers and provide them with the tools they need to engage with their customers and fans.
Coco’s co-founders will join the Metaverse Group team as Chief Technology Officer and Chief Product Officer as part of the acquisition, bringing experience from tech sector leaders Hootsuite and Zapier.
The Acquisition
The Coco acquisition includes a software platform that allows users to easily mint NFTs from their Instagram accounts, as well as a web3 wallet. This tool has a wide range of applications for both creators and brands.
Metaverse Group will work to improve Coco’s technology and integrate it with its virtual world B2B offerings. Furthermore, Metaverse Group will benefit from Coco’s strategic partnerships with companies such as Opensea and Rarible. As well as the online communities that Coco has built with over 45,000 followers on TikTok and Twitter.
As part of the acquisition, Coco’s co-founders will join Metaverse Group, Mark Allen as Chief Technology Officer and Brody Berson as Chief Product Officer. They bring a deep technology background leading and working on the development teams of companies such as Hootsuite and Zapier. They will be focused on building further tools and products for both NFT and virtual world applications.
Management Quote
“We are pleased to welcome the CocoNFT team to Metaverse Group. We see CocoNFT’s proprietary technology as being at the forefront of developing and expanding web3 and NFT use cases,” said Andrew Kiguel, CEO of Tokens.com and Executive Chair of Metaverse Group. “Furthermore, the new platform and tools from Coco NFT will further improve Metaverse Group’s ability to provide brands and businesses with more creative and impactful ways to connect with their audiences.”
Through this acquisition, Metaverse Group will be able to provide deeper and better technology solutions for its customer base. Metaverse Group will use the platform to engage with creators and brands and ultimately develop one on one marketing strategies. This acquisition will allow Metaverse Group to come to market with its own proprietary NFT and virtual world products. These products will provide tools to help accelerate growth in the industry.
“This provides us with the ability to continue to build applications for new web3 users,” said Mark Allen Metaverse Group CTO, and CocoNFT Co-founder. “As part of Metaverse Group, we can reach more brands and influencers giving them the tools they need to engage with their customers and fans. I am excited to lead the technical team and build out new products within the metaverse.”
About Tokens.com
Tokens.com Corp, a publicly traded technology company that invests in web3 assets and builds web3 businesses. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) play-to-earn crypto gaming. Tokens.com owns digital assets and operating businesses within each of these three segments.
Staking operations occur within Tokens.com. Metaverse real estate and ecomm3 solutions operations occur within a subsidiary called Metaverse Group. Crypto gaming operations occur within a subsidiary called Hulk Labs. All three businesses are tied together by the utilization of blockchain technology and are linked to high-growth macro trends within web3. Through sharing resources and infrastructure across these business segments. Tokens.com is able to efficiently incubate these businesses from inception to revenue generation.
About Metaverse Group
Metaverse Group is a web3 technology company with products and services that bring businesses to life in web3 environments, including metaverses, NFTs and the next iteration of retail, ecomm3. We integrate web3 technology solutions with a web3 marketing agency and virtual real estate development services, so that our clients can own ecomm3, engage new audiences, and be first movers.
About CocoNFT
CocoNFT is a technology company with a portfolio of web3 products. Its NFT generator eliminates friction in NFT minting and ownership. Enabling users with no web3 knowledge to turn their social posts into NFTs and list them for sale in under 3 minutes. Creators are given a new way to connect with their fans. Its B2B products help users understand and better connect with their customers through NFT and metaverse data and analytics.
SOURCE
https://www.businesswire.com/news/home/20230103005447/en/Tokens.com%E2%80%99s-Metaverse-Subsidiary-Acquires-CocoNFT
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