- Tokens.com Corp. (COIN) subsidiary Metaverse Group has acquired CocoNFT
- CocoNFT is a non-fungible token (NFT) platform for people who are less familiar with crypto
- CocoNFT’s co-founders who will join the Metaverse Group team as chief technology officer and chief product officer
- The acquisition will include a software platform that allows users to easily mint NFTs from Instagram, leveraging the blockchain and a web3 wallet
- Tokens.com Corp. (COIN) is down 4.00 per cent and is trading at $0.12 per share as of 12:35 p.m. EST
Web3 asset builder Tokens.com Corp. (COIN) announced that its subsidiary Metaverse Group has acquired CocoNFT.
CocoNFT is a non-fungible token (NFT) platform for people who are less familiar with crypto. As part of this acquisition, CocoNFT’s co-founders will join the Metaverse Group team as chief technology officer and chief product officer, who have worked with Hootsuite and Zapier.
According to the company, the acquisition will include a software platform that allows users to easily mint NFTs from Instagram, leveraging the blockchain and a web3 wallet. This tool will work across many applications for creators and brands to use.
Andrew Kiguel, CEO of Tokens.com and Executive Chair of Metaverse Group, commented,
“We see CocoNFT’s proprietary technology as being at the forefront of developing and expanding web3 and NFT… the new platform and tools from CocoNFT will further improve Metaverse Group’s ability to provide brands and businesses with more creative and impactful ways to connect with their audiences.”
Metaverse Group stated it will be able to provide better technology solutions and will use the new platform to engage with creators and brands for one-on-one marketing strategies.
Tokens.com Corp. (COIN) is down 4.00 per cent and is trading at $0.12 per share as of 12:35 p.m. EST.
