- iMining Technologies (IMIN) subsidiary, Metaverse Advisory Group Inc. (MAG), has sold two parcels of digital land in Decentraland metaverse to Sniper Resources Ltd.
- The acquisition of the estate marks Sniper’s first foray into the metaverse
- Metaverse Advisory Group was established to assist corporations and major brands enter the metaverse
- Sniper Resources Ltd. is a mineral exploration company
- iMining is a publicly listed Web3.0 technology company
- iMining Technologies Inc. (IMIN) opened trading at C$0.07 per share.
iMining Technologies (IMIN) subsidiary, Metaverse Advisory Group, has sold two parcels of digital land in Decentraland metaverse to Sniper Resources Ltd.
The acquisition of the estate marks Sniper’s first foray into this rapidly growing technological innovation. Sniper agreed to issue 26,250,000 common shares to MAG at a deemed price of $0.02 per share, for a total of $525,000.
Metaverse Advisory Group (MAG) was established to assist corporations and major brands enter the metaverse. MAG had acquired these properties in the secondary market and subsequently had developed the infrastructure for both parcels of land in the Manhattan District.
“As we look towards the future, businesses and brands will look at new ways to engage with their stakeholders. Every business, influencer, philanthropic organization, sports club, education and healthcare organizations will need a metaverse presence,” said Khurram Shroff.
“Sniper’s foray into the metaverse is welcomed by our team and we look to have multiple collaborations moving forward between the two organizations. Their entrance into the metaverse marks a new chapter in history for a former resource-based company and this sale adds significant value for MAG as it develops, operates and sells virtual property in the Decentraland metaverse,” added Khurram Shroff, Chairman and the CEO of iMining Technologies.
Sniper Resources Ltd. is a mineral exploration company with minimal current activities or operations and is not currently listed on a stock exchange.
Metaverse Advisory Group is a virtual NFT-based real estate company that develops and manages a portfolio of Virtual properties in major blockchain-based Metaverses including Decentraland and The Sandbox.
iMining is a publicly listed Web3.0 technology company developing technology for crypto mining, decentralized Finance and non-fungible tokens.
iMining Technologies Inc. (IMIN) opened trading at C$0.07 per share.
