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NEWS -- Tokens.com Closes Acquisition of Simulacra Corporation
TORONTO, April 18, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, has successfully closed its acquisition of all the issued and outstanding shares of Simulacra Corporation ("Simulacra").
Simulacra owns and operates three subsidiaries focused on the integration of artificial intelligence ("AI") and high quality, humanoid robots that improve the human experience through connection, learning and play. All amounts herein are expressed in U.S. dollars, unless otherwise stated.
Since 1997, Simulacra has been producing realistic silicone humanoid figures. In the last four years, Simulacra has generated revenues of $15.6 million (CAD$21.1 million) and Gross Profit of $12.1 million (CAD$16.3 million). The Transaction (as defined below) is expected to be revenue accretive to Tokens.com shareholders. More information on Simulacra can be found on their website here and an investor deck can be found here.
Utilizing its intellectual property and design expertise, Simulacra is positioned to expand beyond its current sectors of entertainment and marketing into other markets that benefit from high quality, natural looking, humanoid robots, and personalized AI systems, such as healthcare (elderly care, mental health) and education. Through their customized AI and realistic robots, Simulacra is positioned to be a leader in the newly emerging AI companionship market.
On the completion of the Transaction, Matt McMullen, the founder and CEO of Simulacra, will join Tokens.com as President and as a director. Mr. McMullen and Shrike Holdings Inc., another Simulacra shareholder, will also become new Insiders (as defined in policies of the TSX Venture Exchange (the "TSXV") of the Company.
"The completion of this Transaction marks another milestone in our journey at Tokens.com," said Andrew Kiguel, CEO of Tokens.com. "This acquisition diversifies our assets and business base. Going forward, we will be less reliant on the performance of crypto prices. This aligns with our vision of providing shareholders exposure to disruptive technologies that are defining the future and propelling us forward into new realms of innovation and possibility".
Transaction Consideration and Other Details
Tokens.com will issue 75 million common shares to Simulacra shareholders in consideration for the acquisition (the "Transaction"). This will equate to approximately 38% of outstanding common shares of Tokens.com on the completion of the transaction. The common shares issued to Simulacra shareholders will be escrowed for 12 months and then gradually released between months 12 to 24 following the closing date. Tokens.com will also grant an aggregate of 7,500,000 stock options in exchange for the cancellation of 567,101 stock options of Simulacra. The Tokens.com stock options will be granted at an exercise price of $0.15 per stock option and will expire on the 10th anniversary of the closing date of the Transaction.
In addition, Simulacra shareholders will have the opportunity to earn an additional 10 million Tokens.com shares if they achieve revenue targets of $8 million within any 12 month period during the first 24 months following the completion of the Transaction and an additional 10 million Tokens.com shares if they achieve revenues of $10 million with any 12 month period between months 24 and 48 following the closing date.
Subsequent to the closing of the Transaction, it is expected that Tokens.com will have a total of 195,995,592 common shares outstanding and 1,469,950 in-the-money options outstanding. The Company also has 1,902,540 deferred stock units (held 100% by directors on the board) and 9,777,289 warrants outstanding with an exercise price of CAD$1.15 that expire in November 2024.
Each of Simulacra and its shareholders are arm’s length parties to the Company. No broker, agent or finder’s fee is payable in connection with the Transaction.
Simulacra Subsidiaries
(i) Realbotix
Realbotix builds customized ultra-realistic robots that are AI-enabled. These robots look, talk, and move like humans. Invented for use in entertainment, companionship, healthcare, and education markets. For an example of Realbotix’s products, please see the link here.
(ii) Anthropomorphic Figure Dynamics ("AFD")
AFD is a unique division that caters to government and healthcare projects that require highly realistic humanoids. This would include previous contracts with the US military and John Hopkins hospital.
(iii) Abyss Creations
Abyss Creations builds companionship-based humanoid figures that have the ability to be integrated with AI features.
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com also owns 15.3% of StoryFire Inc., an inventory of cryptocurrencies and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "shall", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the expected closing date of the Transaction and the projected impact of the acquisition of Simulacra on the Company’s business, financial conditions and results.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others: (a) the risk that the closing conditions for completion of the Transaction, including TSXV approval, are not satisfied; (b) risks relating to general economic, market and business conditions; and (c) unforeseen delays in the timelines for any of the transactions or events described in this press release.
We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "US Securities Act") or any states securities laws and may not be offered or sold within the United states or to US Persons (as defined in Regulation S under the US Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240418830174/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
NEWS -- Tokens.com to Acquire AI and Robotics Business
TORONTO, April 04, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, has entered into a share purchase agreement dated April 4, 2024 (the "Share Purchase Agreement") to acquire all of the issued and outstanding shares of Simulacra Corporation ("Simulacra" or the "Target"), a Nevada-based technology company. Simulacra owns and operates three subsidiaries focused on the integration of artificial intelligence ("AI") and high quality, humanoid robots that improve the human experience through connection, learning and play. It is expected that the transaction will close on or about April 16, 2024. All amounts herein are expressed in U.S. dollars, unless otherwise stated.
Since 1997, Simulacra has been producing realistic silicone humanoid figures. In the last four years, Simulacra has generated revenues of $15.6 million (CAD$21.1 million) and Gross Profit of $12.1 million (CAD$16.3 million). The transaction is expected to be revenue accretive to Tokens.com shareholders. More information on Simulacra can be found on their website here and an investor deck can be found here.
Utilizing its intellectual property and design expertise, Simulacra is positioned to expand beyond its current sectors of entertainment and marketing into other markets that benefit from high quality, natural looking, humanoid robots, and personalized AI systems, such as healthcare (elderly care, mental health) and education. Through their customized AI and realistic robots, Simulacra is positioned to be a leader in the newly emerging AI companionship market.
"At Tokens.com, we have been at the forefront of Web3 and blockchain technologies over the last few years. Our move into AI and robotics is a natural extension of our scope. We are excited to enter this sector with industry leaders in the AI / robotics space," said Andrew Kiguel, CEO of Tokens.com.
On the completion of the transaction, Matt McMullen, the founder and CEO of Simulacra, will join Tokens.com as President and as a director. Mr. McMullen and Shrike Holdings Inc., another Simulacra shareholder, will also become new Insiders (as defined in policies of the TSX Venture Exchange (the "TSXV")) of the Company.
"We are on the cusp of a very exciting time, as humans and technology create new ways of interacting and connecting through AI and robotics," said Mr. McMullen. "As we explore this new frontier, we are eager to share these opportunities in the public markets. This transaction with Tokens.com will greatly accelerate our strategic growth and market penetration."
"While other tech companies are building robots to replace human workers in warehouses, Simulacra’s robotics serve the more immediate use case for AI and robotics: human connection, learning and play," said Mr. Kiguel. "While most AI tools available today are filtered for content and viewpoints, Simulacra’s AI technology enables humans and robots to foster genuine connection through unfiltered, human-like conversation. We see our robots used in homes, hospitals, and even in the c-suite. We even intend on using AI to assist in board governance."
Subsequent to the completion of this transaction, Tokens.com will provide investors with exposure to: (a) blockchain, via its cryptocurrency inventory; (b) social media, Web3 gaming and the metaverse, via its 15.3% ownership interest in StoryFire; and (c) AI and Robotics, via its 100% ownership of Simulacra.
"At Tokens.com, we invest in technologies that disrupt the norm and define the future. We have broken ground in the past through investments in metaverse real estate and crypto assets such as crypto-punks and Shiba-Inu. Our goal is to continue to tap into growth via unconventional opportunities that would be overlooked by other technology companies," said Kiguel.
Transaction Consideration and Other Details
Tokens.com will issue 75 million common shares to Simulacra shareholders in consideration for the acquisition. This will equate to approximately 38% of outstanding common shares of Tokens.com on the completion of the transaction. The common shares issued to Simulacra shareholders will be escrowed for 12 months and then gradually released between months 12 to 24 following the closing date. Tokens.com will also grant an aggregate of 7,500,000 stock options in exchange for the cancellation of 567,101 stock options of Simulacra.
In addition, Simulacra shareholders will have the opportunity to earn an additional 10 million Tokens.com shares if they achieve revenue targets of $8 million within any 12 month period during the first 24 months following the completion of the transaction and an additional 10 million Tokens.com shares if they achieve revenues of $10 million with any 12 month period between months 24 and 48 following the closing date.
Subsequent to the closing of the transaction, it is expected that Tokens.com will have a total of 195,995,592 common shares outstanding and 1,469,950 in-the-money options outstanding. The Company also has 1,902,540 deferred stock units (held 100% by directors on the board) and 9,777,289 warrants outstanding with an exercise price of CAD$1.15 that expire in November 2024.
The transaction is subject to customary closing conditions, including approval from the TSXV. Each of Simulacra and its shareholders are arm’s length parties to the Company. No broker, agent or finder’s fee is payable in connection with the transaction.
Simulacra Subsidiaries
(i) Realbotix
Realbotix builds customized ultra-realistic robots that are AI-enabled. These robots look, talk, and move like humans. Invented for use in entertainment, companionship, healthcare, and education markets. For an example of Realbotix’s products, please see the link here to meet Aria, one of Realbotix’s active robots.
(ii) Anthropomorphic Figure Dynamics ("AFD")
AFD is a unique division that caters to government and healthcare projects that require highly realistic humanoids. This would include previous contracts with the US military and John Hopkins hospital.
(iii) Abyss Creations
Abyss Creations builds companionship-based humanoid figures that have the ability to be integrated with AI features. Abyss is the creator of award-winning, realistic humanoid dolls.
Completion of Strategic Review
Subsequent to the completion of this transaction, Tokens.com will have completed its strategic review (which was announced in November 2023). Highlights of the changes made since announcing the strategic review include: (1) the disposition of non-profitable, early stage businesses in a manner that still provides shareholders with upside exposure to Web3 and metaverse growth; (2) a successful move to the TSXV to enhance liquidity and profile; (3) the contemplated expansion of the business into AI and Robotics, including the proposed revenue accretive acquisition of Simulacra and its subsidiaries; and (4) the listing for sale of the Company’s domain name, Tokens.com and certain other intellectual property, with a view to rebranding the organization in a manner that captures our evolving profile and business interests.
Humanoid Robotics Market
Simulacra is focused on the convergence of AI Software and Hardware to enable humanoid robotics. The robotics sector is estimated to exceed $24 trillion in revenue annually according to ARK Investment management. Goldman Sachs predicts the humanoid robot market is anticipated to be USD $13.8 billion by 2028 and US $38 billion by 2035. The growing use of technology in education is fueling the deployment of humanoid robots in schools and driving the market's growth for the education and entertainment application segment. By blending entertainment and functionality, humanoid robots are revolutionizing how we interact and engage with technology in various sectors.
Artificial Intelligence Market
According to MarketsandMarkets, the global AI market was valued at $150.2 billion in 2023 and is expected to grow at a CAGR of 36.8% from 2023 to 2030. AI is revolutionizing multiple industries, emerging as a key driver for the advancement of technologies such as big data analytics, robotics and the Internet of Things. The rise of AI tools highlight the sector's mainstream appeal. With its current trajectory, the AI industry is poised to be a powerful tool for technological innovation, propelling advancements in the near future.
Conference Call
A call will be held on April 8, 2024 at 4:00 p.m. EST with Andrew Kiguel and Matthew McMullen to discuss the transaction and to answer questions from investors and other interested parties.
Webinar information:
Date: April 8, 2024
Time: 4:00 pm ET
Zoom Registration: https://us06web.zoom.us/webinar/register/WN_Zg7g9iTPTja6PyiJ7ZvOcg
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com is a technology investment company that focuses on disruptive businesses that are defining the future. The Company’s assets provide shareholders with exposure to AI, Blockchain, Robotics and Web3. Tokens.com also owns an inventory of cryptocurrencies and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the expected closing date of the transaction and the projected impact of the acquisition on the Company’s business, financial conditions and results.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at https://www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others: (a) the risk that the closing conditions for completion of the transaction, including TSXV approval, are not satisfied; (b) risks relating to general economic, market and business conditions; and (c) unforeseen delays in the timelines for any of the transactions or events described in this press release.
We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "US Securities Act") or any states securities laws and may not be offered or sold within the United states or to US Persons (as defined in Regulation S under the US Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240404204177/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
NEWS -- Tokens.com Provides Crypto Inventory Update
TORONTO, April 02, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, is pleased to share an update on its cryptocurrency holdings.
Below is a table showing our current crypto ownership and corresponding value as of noon EST on April 1, 2024. All dollar figures are in United States dollars ("USD"), unless otherwise stated.
The company may strategically sell or buy more tokens in the future depending on our capital needs and market conditions. We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered. Management is confident that it will be able to recover the majority of its assets from Genesis based on recent disclosure in 2024 from Genesis.
In addition to its cryptocurrency inventory, the Company holds approximately $2.4 million (CAD$3.2 million) in cash, a portfolio of valuable crypto domain names, and a 15.3% interest in StoryFire Inc.
Stay up to date with the latest news by signing up to our newsletter at https://www.tokens.com.
About Tokens.com
Tokens.com is a technology investment company that owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240402629141/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Telephone: 647-578-7490
NEWS -- Tokens.com Announces Commencement of Trading on TSX Venture Exchange
TORONTO, March 28, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, is pleased to announce that its common shares (the "Common Shares") and warrants (the "Warrants") will commence trading at the opening of markets today on the TSX Venture Exchange (the "TSXV").
Shareholders are not required to exchange their securities certificates or to take any other action in connection with such listing, as there will be no change to the trading symbol or CUSIP for the Common Shares and the Warrants. The Common Shares will continue to trade under the symbol "COIN" and the Warrants will continue to trade under the symbol "COIN.WT". The Common Shares will also continue to trade under the symbol "SMURF" on the OTCQB Markets in the United States and under the symbol "76M" on the Frankfurt Exchange.
About Tokens.com
Tokens.com is a technology investment company that owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240328975403/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
mailto://contact@tokens.com
NEWS -- Tokens.com Announces Conditional Approval to List on the TSX Venture Exchange
TORONTO, March 25, 2024--(BUSINESS WIRE)--Tokens.com Corp. ("Tokens.com" or the "Company") (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, is pleased to announce that it has received conditional approval to list (the "Listing") its common shares (the "Common Shares") and warrants (the "Warrants") on the TSX Venture Exchange (the "TSXV"), subject to the satisfaction of certain customary listing requirements.
The Company intends to delist its Common Shares and Warrants from trading on Cboe Canada effective as of the close of trading on March 27, 2024. Subject to such delisting, the Common Shares and Warrants will commence trading on the TSXV as of the open of trading on March 28, 2024.
Shareholders are not required to exchange their securities certificates or to take any other action in connection with the Listing, as there will be no change to the trading symbol or CUSIP for the Common Shares and the Warrants. The Common Shares will continue to trade under the symbol "COIN" and the Warrants will continue to trade under the symbol "COIN.WT" upon the completion of the Listing on the TSXV. The Common Shares will also continue to trade under the symbol "SMURF" on the OTCQB Markets in the United States and under the symbol "76M" on the Frankfurt Exchange.
About Tokens.com
Tokens.com is a technology investment company that owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240325499294/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Completes Sale of Assets to StoryFire
TORONTO, March 04, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to announce that it has successfully closed the sale of Metaverse Group and Hulk Labs to StoryFire as scheduled on March 1, 2024.
The final agreement was closed with consideration to Tokens.com for the disposition consisting of a 15.3% equity interest in StoryFire, valued at US$3.5 million, plus US$500,000 in Blaze tokens, the in-app currency native to StoryFire. In addition, Tokens.com will be represented by Andrew Kiguel on the board of StoryFire.
"We are pleased with the successful completion of this sale, and look forward to the continued disruptive innovation and impact our new partners at StoryFire will bring to the web3 space," said Andrew Kiguel, CEO of Tokens.com.
StoryFire is a private online social entertainment and gaming platform that empowers users to create and engage with immersive narratives. With a rapidly growing user base of 2.5 million, StoryFire offers a vibrant and creative community for storytellers and enthusiasts. StoryFire users create social posts akin to Twitter, gain a following and earn an in-app currency known as Blaze. StoryFire is a privately owned entity.
About Tokens.com
Tokens.com is a technology holding company that also owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240304232814/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Provides Crypto Inventory Update
TORONTO, February 29, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN | Frankfurt Stock Exchange: 76M | OTCQB: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to share an update on its cryptocurrency holdings.
Below is a table showing our current crypto ownership and corresponding value as of noon EST on February 28, 2024. All dollar figures are in United States dollars ("USD"), unless otherwise stated.
In addition to its cryptocurrency inventory below, the Company holds approximately $2.5 million (CAD$3.5 million) in cash, a portfolio of valuable crypto domain names, and subsequent to a closing date of March 1, 2024, a 15.3% interest in StoryFire Inc.
*340 Ethereum are held by Genesis Global Trading.
**18,001 Solana are held by Genesis Global Trading.
*** Subject to closing the sale of certain assets to StoryFire Inc. on March 1st, 2024.
**** Based on basic common shares outstanding as at February 28, 2024 of 119,761,592.
The company may strategically sell or buy more tokens in the future depending on our capital needs and market conditions. We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered. Management is confident, however, that it will be able to recover the majority of its assets from Genesis based on recent disclosure by Genesis. In addition, claims held by those with deposits at Genesis, such as Tokens.com, are selling in the open market for over 90% of their implied value.
About Tokens.com
Tokens.com is a technology holding company that owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240229325527/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Management Team Acquires Common Shares in Open Market
TORONTO, February 28, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to share that certain members of its senior management team have purchased an aggregate of 500,000 common shares on the open market, between February 22, 2024 and February 27, 2024.
Andrew Kiguel, CEO, acquired 300,000 common shares, bringing his total ownership of common shares to 15,965,000. Martin Bui, CFO, acquired 170,000 common shares, and Jennifer Karkula, Head of Communications, acquired 30,000 common shares.
"Management believes that the intrinsic value of the Tokens.com shares has been overlooked by the market. Management believes in the potential of our Company," said Andrew Kiguel, CEO of Tokens.com. "Our management team shares this conviction, evident in their decision to bolster their stake by purchasing additional common shares. We are excited by the near-term and long-term growth prospects of the Company."
In November 2023, Tokens.com commenced a strategic review, which, among other things, precipitated the recent sale by the Company of the assets comprising the Metaverse Group and Hulk Labs. The board of directors and the senior management team of the Company remain actively engaged in exploring several possible transactions with a view to propeling the business forward and enhancing shareholder value.
About Tokens.com
Tokens.com is a technology holding company that also owns an inventory of cryptocurrency and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240228353475/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Reports Financial Results for Q1 2024
TORONTO, February 14, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to report its financial results for three months ended December 31, 2023 ("Q1-2024"). All dollar figures are in United States dollars ("USD"), unless otherwise stated.
Q1-2024 Financial and Operating Highlights
NEWS -- Tokens.com Provides Crypto Inventory Update
TORONTO, February 13, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology holding company that owns an inventory of cryptocurrencies, is pleased to share an update on its cryptocurrency holdings.
Below is a table showing our current crypto ownership and corresponding value as of noon EST on February 12, 2024. All dollar figures are in United States dollars ("USD"), unless otherwise stated.
The company may strategically sell or buy more tokens in the future depending on our capital needs and market conditions. We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered. Management is confident, however, that it will be able to recover the majority of its assets from Genesis based on recent disclosure in 2024.
In addition to its cryptocurrency inventory, the Company holds approximately $3 million (CAD$4 million) in cash, a portfolio of valuable crypto domain names, and subsequent to a closing date of March 1, 2024, a 15.3% interest in StoryFire Inc.
About Tokens.com
Tokens.com is a technology holding company that also owns an inventory of cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240213383930/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com to Release its Q1-2024 Financial Statements on February 14, 2024
TORONTO, February 12, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a web3 technology company that owns an inventory of cryptocurrencies, is pleased to share that it will release its Q1-2024 financial results for the three months ended December 31, 2023 ("Q1-2024") on February 14th, 2024.
An investor webinar hosted by CEO Andrew Kiguel on Zoom has been scheduled to discuss the Company’s Q1-2024 financial results starting at 10:00 am ET on February 14th, 2024.
Investor Webinar Details:
Date: February 14th, 2024.
Time: 10:00 a.m. ET
Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_vrXDoDmhReeMAok3_w78uw
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com is a web3 that also owns an inventory of cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240212508553/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Reports Financial Results for Fiscal Year 2023
TORONTO, January 31, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a web3 technology company that owns an inventory of cryptocurrencies, reports its financial results for the fiscal year ended September 30, 2023 ("FY2023"). All dollar figures are in United States dollars ("USD"), unless otherwise stated.
Strategic Review Update:
On November 8th, 2023, the Company announced that it had commenced a strategic review. The Company is also exploring acquisitions, sales of its domain names and the sale of its operating businesses and digital assets. As part of this strategic process to enhance shareholder value, on January 29, 2024, the Company entered into a definitive agreement to sell the assets of Metaverse Group and Hulk Labs to StoryFire Inc. ("StoryFire"), which is primarily a transfer of its workforce and contractors. All capital within Metaverse Group will remain at Tokens.com.
Tokens.com will receive a consideration of $4 million for the sale that consists of a 15.3% ownership of StoryFire and $500,000 of its native Blaze cryptocurrency token. The transaction is expected to close on March 1, 2024.
Metaverse Group and Hulk Labs revenue was not forecasted to exceed operating costs and reach profitability for several years. In addition, the funding required by these businesses would require Tokens.com to carry significant cash flow losses. To finance these operations, the Company would need to sell some or all of its cryptocurrency inventory or look to raise dilutive new equity capital. After careful review of all alternatives, management and the board made the decision to de-risk Tokens.com by selling the assets of Metaverse Group and Hulk Labs to a buyer that has a strategic fit and capital to bring the businesses to profitability faster. Tokens.com retains the upside in the combined businesses through our 15.3% equity participation. Tokens.com also is in a position to retain its cryptocurrencies without the requirement to fund the other businesses. Management believes the sale of the businesses results in a win-win scenario and has eliminated an estimated $1.5M of overhead annually. Removing the overhead associated with these assets gives the company additional flexibility in pursuing another acquisition or as an acquisition target as a leaner structure.
Subsequent to the closing of the StoryFire transaction on March 1st, 2024, Tokens.com’s key assets will be its cryptocurrency inventory, cash, a 15.3% ownership in StoryFire, as well as a portfolio of domain names. Operating overhead will be significantly lower, making operations more efficient.
2023 Highlights:
NEWS -- Tokens.com Announces Sale of Metaverse Group and Hulk Labs to StoryFire
TORONTO, January 30, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a web3 technology company that owns an inventory of cryptocurrencies, is pleased to announce that it has entered into a definitive agreement to sell the assets of Metaverse Group and Hulk Labs to StoryFire, Inc. ("StoryFire"). The transaction is scheduled to close on March 1st, 2024.
Consideration to Tokens.com for the disposition consists of a 15.3% equity interest in StoryFire, valued at US$3.5 million, plus US$500,000 in Blaze tokens, the in-app currency native to StoryFire. In addition, Tokens.com will be granted a board seat on the StoryFire board. Following the completion of the transaction, Tokens.com will no longer have an active business in metaverse or web3 gaming, except through its ownership in StoryFire.
StoryFire is a private online social entertainment and gaming platform that empowers users to create and engage with immersive narratives. With a rapidly growing user base of 2.5 million, StoryFire offers a vibrant and creative community for storytellers and enthusiasts. StoryFire users create social posts akin to Twitter, gain a following and earn an in-app currency known as Blaze. StoryFire is a privately owned entity.
"This transaction provides Tokens.com shareholders with several benefits, including the continued buildout of Metaverse Group by a strategic acquirer. StoryFire is a successful social media brand with over 2 million users and the capital to expand the growth of these businesses," said Andrew Kiguel, CEO of Tokens.com. "Tokens.com retains a significant amount of upside through its equity ownership in StoryFire, while no longer having to cover the overhead required to manage these businesses. Management expects this and other cost cutting measures associated with the transaction to result in savings to Tokens.com of approximately CAD$1.5M annually. The resulting Tokens.com business will own 15.3% of StoryFire, approximately CAD$3.7M in cash, approximately CAD$15.0M in cryptocurrency tokens, as well as a valuable portfolio of domain names that are currently for sale." added Kiguel.
The strategic vision for combining these assets is to leverage Metaverse Group’s capabilities to build content for use by StoryFire's 2.5M users, and expand on the metaverse experiences that Metaverse Group hosts, such as the Metaverse Fashion Week. By virtue of having a larger captive audience and distribution network that is growing by over 100% year over year, Metaverse Group’s 3D design and build capabilities will be able to attract a broader base of clients, and create immersive experiences for StoryFire creators and enterprises. Helix, the underlying metaverse virtual commerce platform provides a powerful engine for StoryFire creators to sell goods and services in the metaverse.
In addition, developers from Hulk Labs and certain IP, including Astraeus Defence, will continue to be developed and shared with StoryFire’s audience. This allows for immediate uptake of the games once developed. The gaming audience of StoryFire creators, as well as streamers, provide a significant pipeline to onboard games, and valuable data for the Yeti.gg platform.
"We are excited to integrate Metaverse Group and Hulk Labs into the StoryFire strategy. We welcome Tokens.com as a key shareholder and contributor to building our business. By leveraging the content creation capabilities, we expect to be able to quickly grow our user base", said Sam Hilder, CEO of StoryFire.
The transaction with StoryFire has been approved by the board of directors and the independent committee of Tokens.com, as well as the board of StoryFire.
In addition, Tokens.com has retained a third party broker to explore the sale of the Tokens.com domain name, initially being listed with an ask of US$8M. Interested parties should contact Tokens.com management at contact@tokens.com.
About Tokens.com
Tokens.com is a web3 technology holding company that owns an inventory of cryptocurrency and a collection of crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
About StoryFire
The StoryFire platform, powered by the BLAZE token, will revolutionize the metaverse paradigm by combining SocialFi, GameFi, and DeFi into one unified experience.
StoryFire simplifies the connections between gaming, social media, and creating three independent platforms within the StoryFire ecosystem covering our three key pillars.
Learn more about StoryFire:
Website: https://www.storyfire.com
X (Twitter): https://www.x.com/storyfireapp
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240130478353/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Provides Update on 2023 Annual Filings
TORONTO, January 19, 2024--(BUSINESS WIRE)--Tokens.com Corp. (Cboe Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a web3 technology company that owns an inventory of cryptocurrencies, today provided an updated on the status of a management cease trade order (the "MCTO") which was granted by the Ontario Securities Commission on January 2, 2024.
The Company reports that the audit is progressing and that the Company and its auditors continue to work diligently toward completing the 2023 Annual Filings as soon as possible. The Company is not aware of any specific accounting or audit concerns at this time. The Company continues to expect that it will be in a position to file the 2023 Annual Filings on or before January 31, 2024. The Company will issue a news release announcing completion of such filings at such time. Further updates on timing will be provided by the Company as necessary.
As previously announced, the Company applied for the MCTO due to a delay in the filing of the Company's annual financial statements and accompanying management’s discussion and analysis for the for the twelve-month period ended September 30, 2023 (the "2023 Annual Filings"), which were due on December 29, 2023.
The MCTO restricts the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the 2023 Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.
Until the 2023 Annual Filings are filed, the Company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") for as long as it remains in default, including the issuance of bi-weekly default status reports in the form of a news release. The Company confirms that, since its prior news release dated December 15, 2023: (a) there has been no material change to the information set out in that press release that has not been generally disclosed; (b) there has not been any other specified default by the Company under NP 12-203; (c) the Company is not subject to any insolvency proceedings; and (d) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About Tokens.com
Tokens.com is a web3 technology company that builds products and services that connects brands to consumers in 3D internet environments, including popular gaming and metaverse platforms. The Company also manages an inventory of valuable cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240119898640/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Provides Crypto Inventory Update
TORONTO,, January 15, 2024--(BUSINESS WIRE)--Tokens.com Corp. (CBOE Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a web3 technology company that owns an inventory of cryptocurrencies, is pleased to share an update of its cryptocurrency holdings.
Crypto currency values have seen a steady increase in value since January 1, 2024. The table below shows our key crypto token holdings and corresponding value as of January 15, 2024 based on 1 Eth $2543.75, 1 Dot $7.59, 1 SOL $95.32.
NEWS -- Tokens.com Provides Update on 2023 Annual Filings
TORONTO, January 05, 2024--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology company that builds immersive experiences and games in 3D internet environments and owns an inventory of cryptocurrencies, today announced that, further to its news release dated December 15, 2023, its principal regulator, the Ontario Securities Commission, has accepted the Company’s application for, and has granted, a management cease trade order (the "MCTO"). As previously announced, the Company applied for the MCTO due to a delay in the filing of the Company's annual financial statements and accompanying management’s discussion and analysis for the for the twelve-month period ended September 30, 2023 (the "2023 Annual Filings"), which were due on December 29, 2023.
The MCTO restricts the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the 2023 Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company.
The Company and its auditors continue to work diligently toward completing the 2023 Annual Filings as soon as possible. The Company is not aware of any specific accounting or audit concerns at this time. The Company expects that it will be in a position to file the 2023 Annual Filings on or before January 31, 2024.
Until the 2023 Annual Filings are filed, the Company intends to comply with the provisions of the alternative information guidelines as set out in National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") for as long as it remains in default, including the issuance of bi-weekly default status reports in the form of a news release. The Company confirms that, since its prior news release dated December 15, 2023: (a) there has been no material change to the information set out in that press release that has not been generally disclosed; (b) there has not been any other specified default by the Company under NP 12-203; (c) the Company is not subject to any insolvency proceedings; and (d) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About Tokens.com
Tokens.com is a technology company that builds products and services that connects brands to consumers in 3D internet environments, including popular gaming and metaverse platforms. The Company also earns revenues through staking an inventory of owned cryptocurrencies.
Our solutions give our clients a more engaging way to connect with their existing clients, and access to a new generation of consumers who spend time on platforms such as Roblox and Fortnite.
Our key areas of focus are: i) branded virtual stores, sales centres, and 3D branded content, ii) web2 and web3 game development and game analytics, and ii) innovative e-commerce solutions that integrate shopping into existing popular gaming platforms.
Tokens.com also manages an inventory of valuable cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240105538122/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Announces Launch of Ecommerce App on Google Play and Apple iOS Stores
TORONTO, December 19, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to announce the launch of Valor, a proprietary ecommerce platform within Metaverse Group that allows product placement and advertising within virtual gaming worlds including Roblox and Fortnite.
Metaverse Group has spent the last year developing Helix Worlds, the technology that powers the Valor app. Valor is designed as a loyalty program that gives its clients the ability to place branded product placement in games like Roblox and Fortnite. Players in these environments use the app by scanning branded items and are redirected to the brands page to claim offers and earn points that are redeemable for rewards.
Valor is available for download on the Google Play Store, and iOS App Store.
"The Valor app was developed to solve a key problem for brands who were looking to advertise in popular gaming platforms like Roblox and Fortnite where links and QR codes are not allowed," said Andrew Kiguel, CEO of Tokens.com. "Valor provides a solution by giving brands the ability to offer a shopping experience to players, without taking them out of the game flow and disrupting the environment with links and QR codes."
Imagine a gamer walking through a virtual city and encountering your brand’s latest sneaker collection or wearable tech gadget right within the metaverse. With just 2-3 taps on their mobile device or Helix Worlds compatible apps and or via VR Goggles, players can interact with the product, purchase it in the physical world, and earn exclusive in-game rewards.
The consumer ecommerce experience has not changed substantially in the last 20 years. However, with the advent and popularity of new 3D platforms such as Roblox and Fortnite, brands are seeking innovative ways to evolve their ecommerce solutions. Through Helix Worlds, brands have the unprecedented opportunity to place their products into games and 3D environments without breaking the immersive experience and breaking platform guidelines. Valor using Helix Worlds technology was innovated for brands to market their products to a new audience and for consumers to enjoy an improved shopping experience. Helix Worlds can be implemented into any app and will be available across multiple platforms, and popular games.
Brands and businesses interested in learning more about Valor can contact mailto://info@metaversegroup.com. For a demo of how Valor works click here or visit https://getvalor.gg.
About Tokens.com
Tokens.com is a technology company that builds products and services that connects brands to consumers in 3D internet environments, including popular gaming and metaverse platforms. The Company also earns revenues through staking an inventory of owned cryptocurrencies.
Our solutions give our clients a more engaging way to connect with their existing clients, and access to a new generation of consumers who spend time on platforms such as Roblox and Fortnite.
Our key areas of focus are: i) branded virtual stores, sales centres, and 3D branded content, ii) web2 and web3 game development and game analytics, and ii) innovative e-commerce solutions that integrate shopping into existing popular gaming platforms.
Tokens.com also manages an inventory of valuable cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231219150315/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Announces Filing Timeline for 2023 Annual Financial Statements
TORONTO, December 15, 2023--(BUSINESS WIRE)--Tokens.com Corp. (CBOE Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology company that builds immersive experiences in 3D internet environments and owns an inventory of cryptocurrencies, today announced that it expects to complete and file its 2023 Annual Filings (as defined below) on or before January 31, 2024. Because the 2023 Annual Filings will be filed following the requisite filing date of December 29, 2023, the Company has applied to the Ontario Securities Commission (the "OSC") for a management cease trade order that will prohibit the Chief Executive Officer and the Chief Financial Officer of the Company from trading in the securities of the Company until such time as the 2023 Annual Filings have been filed. The OSC has yet to make a decision on the aforementioned application.
The default is due primarily to delays on account of the Company’s recent change in auditor (which change was made effective as of August 23, 2023). The change in auditor has resulted in additional procedures and enhanced quality controls which has necessitated a request by the auditor for more time to complete the audit. The proposed filing timeline will provide the Company's recently appointed auditor, Davidson & Company LLP, with sufficient time to complete the audit. Management notes that there are no disagreements or major unresolved issues with the auditor on any matter of the audit scope or procedures, accounting principles or policies, or financial statement disclosure.
The annual filings consist of: (a) the audited financial statements of the Company for the twelve-month period ended September 30, 2023; (b) the management's discussion & analysis for the twelve-month period ended September 30, 2023; and (c) the chief executive officer and chief financial officer certification of filings under Section 5.1 of National Instrument 52-109 – Certification of Disclosure in Issuers' Annual and Interim Filings (collectively, the "2023 Annual Filings").
During the period of default and until filing of the 2023 Annual Filings, the Company intends to satisfy the provisions of the alternative information guidelines as required by National Policy 12-203 – Management Cease Trade Orders. The Company’s management and other insiders are subject to a trading blackout reflecting the principles contained in Section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions until the 2023 Annual Filings have been filed.
The Company is not subject to any insolvency proceedings, and, other than as disclosed in the Company’s press releases, there has been no material information that has not been disclosed.
About Tokens.com
Tokens.com is a technology company that builds products and services that connects brands to consumers in 3D internet environments, including popular gaming and metaverse platforms. The Company also earns revenues through staking an inventory of owned cryptocurrencies. Our solutions give our clients a more engaging way to connect with their existing clients, and access to a new generation of consumers who spend time on platforms such as Roblox and Fortnite. Our key areas of focus are: i) branded virtual stores, sales centres, and 3D branded content, ii) web2 and web3 game development and game analytics, and ii) innovative e-commerce solutions that integrate shopping into existing popular gaming platforms. Tokens.com also manages an inventory of valuable cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names. All our 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 ef?ciently incubate these businesses from inception to revenue. Visit Tokens.com to learn more. Keep up-to-date on Tokens.com developments and join our online communities on X, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identi?ed by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities ?lings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231215400259/en/
Contacts
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Provides Corporate Update
TORONTO, November 08, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology company that builds immersive experiences and games in 3D internet environments and owns an inventory of cryptocurrencies, is pleased to provide a corporate update.
To better withstand current market conditions, the Company has streamlined its operations, including a reduction in staff of approximately 40% and the cancellation of certain outsourced services. Management estimates it has eliminated approximately CAD$1.6 million thus far from its operating overhead.
In addition, the Company and the board of directors (the "Board") have agreed to commence a strategic review of the business with a view to enhance shareholder and stakeholder value in the long term. Consideration is being given to a full or a partial sale of business segments or IP within those segments, a sale of the domain name portfolio, including Tokens.com, and/or a sale of the crypto inventory or other digital assets. An independent committee of the Board has been formed to review potential transactions.
Neither the Board nor the Committee have set a timetable to complete the strategic review process nor have any decisions been made relating to strategic alternatives at this time. There can be no assurance that the review process will result in a transaction. The Company does not intend to provide any updates or make any announcements unless or until it determines that further disclosure is appropriate or necessary.
Corporate Update and Strategic Direction Going Forward
Tokens.com has focused on building web3 projects and holding an inventory of crypto assets for staking. In 2021, our assets and share price appreciated significantly. However, since then, our asset values and share price have declined significantly as a result of several factors largely related to macroeconomic conditions and crypto prices. Management has attempted to offset these conditions through building new web3 businesses intended to bring in new revenue streams and new sources of growth.
While these initiatives have shown success, they will require additional capital commitment for further R&D and marketing. Given weak market conditions, there are no assurances that the Company will be able to access new capital in the future to scale these businesses.
At this time, the Company will scale back on further investments into its business segments in favour of preserving cash, while evaluating its next steps. The Company will maintain operation of its key businesses and crypto inventory, which largely remains staked and earning revenue.
"The last two years have been difficult for micro-cap stocks in the crypto sector. We have been successful in building innovative products and services for web3 for ourselves and third parties. However, these projects require continued capital for R&D and marketing to scale them successfully and cover their associated overhead," said Andrew Kiguel, CEO. "As a result, we have made the decision to reduce our operating overhead to preserve shareholder capital as the Company contemplates its next steps."
Part of management’s evaluation is exploring the sale of its domain name portfolio, including Tokens.com. Management believes that the Tokens.com domain name has tremendous value. CitiGPS predicts the tokenization of all physical and digital assets by the end of the decade is inevitable. As such, management believes that the opportunity to sell the domain name could provide substantial financial compensation to the Company. As a point of reference for its value, it is widely reported online that the domain name crypto.com was sold in 2018 between USD$10-12 million by Monaco, which subsequently rebranded as Crypto.com. NFTs.com is widely reported online to have sold for US$15 million in 2022.
Based on our last reported quarter, Tokens.com has approximately USD$12.2 million in cash and crypto tokens. Tokens.com expects to release its audited year-end result in mid-December 2023. Further information on our year-end audited results will be forthcoming in November 2023. The Company does not anticipate any issues completing its audit on time.
Tokens.com currently focuses on several operating segments, which are described fulsomely below. Through sharing resources and infrastructure across these business segments, Tokens.com is able to incubate these businesses from inception to revenue.
While the review process is ongoing, the Company’s management remains committed to executing on the Company’s strategy and business plan, including in the manner set out below.
Crypto Staking
The Company’s crypto staking segment involves the validation of blockchain transactions via a process called staking. In order to perform this task, a staker needs to own tokens of the asset it wishes to stake. In return, the staker is compensated with additional tokens of the underlying digital asset. We note, this is not a lending process and there is no counterparty risk. It is a process of validation using existing inventory similar to an electronic voting mechanism.
Since the end of 2021, this segment has been negatively impacted by declining crypto prices. To address this, the Company has narrowed the scope of its ownership of tokens to focus on larger names, primarily Ethereum.
Below is a table showing our current crypto ownership and corresponding value as of November 06, 2023.
Strategically, such assets underpin our valuation. We may strategically sell or buy more tokens in the future depending on our capital needs and market conditions. We note that a portion of our assets (denoted in the table above) are held with Genesis Global Trading that is undergoing a restructuring. As a result, some or all of those holdings may not be recovered.
Metaverse Group
Metaverse Group started as a business that purchased and rented out digital land in various metaverses. This business has evolved. As the hype cycle around the metaverse disappeared in 2022 and in 2023, the focus has shifted away from buying digital land and to providing third party clients with an ability to connect to consumers through 3D experiences. This includes the creation of customized games for clients. Today, Metaverse Group does not focus on web3, but instead on creating immersive experiences within web2 games like Roblox and Fortnite. This segment has been successful in attracting several high profile clients.
Since the June 2023 acquisition by the Company of the remaining interest in Metaverse Group which the Company did not own, management has been disappointed in its ability to generate revenue and scale. Revenues in this segment have also been affected by cuts in marketing budgets of potential clients. As a result, we have determined to downsize this business to a level that corresponds with its revenues.
Metaverse Group also owns US$1.56M in digital real estate in various metaverse platforms including Sandbox and Decentraland. While this digital land may have appreciation opportunities in the future, management is exploring the disposition of these digital assets.
Helix Worlds
Helix World is a proprietary ecommerce tool within Metaverse Group that will allow for product placement and advertising within virtual gaming worlds. The product has been in development for over a year and has recently launched.
The consumer ecommerce experience has not changed substantially in the last 20 years. However, with the advent and popularity of new 3D platforms such as Roblox and Fortnite, brands are seeking innovative ways to evolve their ecommerce solutions. Through Helix World, brands have the unprecedented opportunity to place their products into games and 3D environments without breaking the immersive experience. Helix World was innovated for brands to market their products to a new audience and for consumers to enjoy an improved shopping experience. Helix World is platform agnostic and will be available across multiple platforms and popular games such as Roblox and Fortnite.
Hulk Labs
Tokens.com’s video gaming initiatives reside within Hulk Labs. During the last 5 months, Hulk has pivoted from operating a player network in Africa, to developing a data platform called Yeti, that provides data services to the web3 gaming industry and the development of a web3 game called Astraeus Defense. While this may seem like a significant pivot, in reality, Hulk Labs utilized the IP it had already developed and repurposed to areas management feels have more upside.
In a recent report from Deloitte, 96% of Millenials, Gen Alpha and Gen Z located in the United States, play video games, regularly averaging 11-13 hours per week. Web3 gaming is growing rapidly in both the quality and number of games following $4.5 billion dollars invested in web3 games in 2022. Citi GPS estimates web3 gaming will surge up to 100 million players by 2025.
The average age of gamers is around 31 to 35 years old, with the most common age group being between 18 and 34, accounting for 38% of the gaming demographic. This points to the maturity and purchasing power of the average player?.
Going forward, Hulk will focus on the continued development and scaling of Yeti, a web3 gaming dashboard.
About Tokens.com
Tokens.com is a technology company that builds products and services that connects brands to consumers in 3D internet environments, including popular gaming and metaverse platforms. The Company also earns revenues through staking an inventory of owned cryptocurrencies.
Our solutions give our clients a more engaging way to connect with their existing clients, and access to a new generation of consumers who spend time on platforms such as Roblox and Fortnite.
Our key areas of focus are: i) branded virtual stores, sales centres, and 3D branded content, ii) web2 and web3 game development and game analytics, and iii) innovative e-commerce solutions that integrate shopping into existing popular gaming platforms.
Tokens.com also manages an inventory of valuable cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on X, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the strategic review process and the work of the Committee; whether a strategic change, transaction or any outcome will result from or be consummated or implemented as a result of the strategic review process; and whether any transaction resulting from the strategic review process, if any, will ultimately enhance shareholder or stakeholder value in the long term.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231108753201/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
NEWS -- Tokens.com Launches Game for Polysleep in Fortnite
TORONTO, October 10, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology company that provides products and services that connect brands to consumers in 3D internet environments, is pleased to announce that it has successfully launched a customized game in the widely popular Fortnite game platform for Polysleep, a leading Canadian mattress company and sleep technology pioneer.
Tokens.com subsidiaries, Metaverse Group and Hulk Labs, collaborated to build and launch a branded game for Polysleep in Fortnite called Woolen Warfare. Woolen Warfare is a Polysleep branded, competitive multiplayer king of the hill game developed by the Hulk Labs team using Fortnite Creative 2.0 in Unreal Editor For Fortnite (UEFN).
"We're not just launching another game; we're revolutionizing the way brands interact with audiences," said Andrew Kiguel, CEO of Tokens.com. " ‘Woolen Warfare' represents a new frontier for marketing, blending the thrill of competitive gaming with the essence of brand identity. We are setting a new standard for what's possible for brands in existing popular 3D games."
Hulk Labs and Metaverse Group have the ability to program on Unity and Unreal Engine to develop activations in Fortnite, Roblox, and many other online platforms. Additionally, the Company is developing expertise to launch games and apps for the new Apple Vision Pro scheduled for release in 2024.
Tokens.com works with forward-thinking brands looking to reach Gen Z, Alpha, and Millennial consumers. A report from Deloitte states, 96% of Millenials, Gen Alpha, and Gen Z located in the United States play video games regularly averaging 11-13 hours per week. Our mission is to craft distinctive branded gaming experiences within these ecosystems, by aligning with client objectives, driving distribution through influencers, streamers and paid media.
"Our objective is to seamlessly blend cutting-edge technology with the gaming experience, allowing gamers to enjoy their favorite pastime while encouraging healthy sleep habits," said Jeremiah Curvers, CEO of Polysleep.
Fortnite boasts an impressive average of 239 million monthly players, where traditional online advertising delivery channels have not yet saturated the attention of gamers in the same ways as social, display and video have. Thus by introducing engaging and innovative branded games, Tokens.com offers brands unparalleled access to a vast, untapped audience. This approach transcends the limitations of conventional marketing strategies, capturing the attention of a new generation of consumers. Tokens.com is committed to delivering a tailor-made service, ensuring that each branded experience is meticulously curated to resonate with its clients' unique vision and brand identity.
Explore Woolen Warfare by Polysleep using island code 3511-4821-9572. Players can drop in for a king of the hill gamemode where players will be able to see their standings on the leaderboard and compete for the top score. For more information on Woolen Warfare by Polysleep visit www.woolenwarfare.com.
Join members from the Tokens.com and Polysleep team on X Tuesday October, 10 at 4:30 EST to learn more. Follow the link to join X Spaces https://x.com/i/spaces/1PlJQDRABNvGE.
Brands and businesses interested in a fresh approach to accessing clients can contact us at mailto://info@metaversegroup.com and mailto://Contact@tokens.com.
About Tokens.com
Tokens.com is a technology company that builds products and services that connects brands to consumers in 3D internet environments, including popular gaming and metaverse platforms.
Our solutions give our clients a more engaging way to connect with their existing clients, and access to a new generation of consumers who spend time on platforms such as Roblox and Fortnite.
Our key areas of focus are: i) branded virtual stores, sales centers, and 3D branded content, ii) web2 and web3 game development and game analytics, and ii) innovative e-commerce solutions that integrate shopping into existing popular gaming platforms.
Tokens.com also manages an inventory of valuable cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on X, LinkedIn, and YouTube.
About Polysleep
Polysleep is a pioneering sleep technology company dedicated to improving the sleep quality of individuals across the globe. With innovative products and a commitment to promoting healthy sleep habits, Polysleep continues to lead the way in sleep innovation.
For more information visit https://polysleep.com/.
Media Contact: Victoria Bakos – Polysleep
Email: mailto://victoria@polysleep.com
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at https://www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law
View source version on businesswire.com: https://www.businesswire.com/news/home/20231010495476/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Launches Yeti - A Web3 Gaming Dashboard
TORONTO, October 05, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a technology company that builds products and services that connect brands to consumers in 3D internet environments, is pleased to announce that its subsidiary, Hulk Labs ("Hulk"), has launched "Yeti" www.theyeti.gg. Yeti is a web3 gaming dashboard that provides advanced gaming analytics designed to maximize players' earnings. Additionally, Yeti is an early mover in offering ‘data as a service’ for the web3 gaming industry.
Yeti is targeted at web3 gamers, a user base that is estimated to grow as large as 100 million by 2025, according to CitiGPS. The overall global video game industry is estimated to generate over $170 billion annually, which is estimated to surpass the combined revenues of the Music and Film industries. It is expected that in the next 12 months there will be a vast number of web3 games launched. Yeti’s goal is to be the primary source of information for web3 games and the primary source for players to track their in-game performance.
"With the rapid growth occurring in the web3 gaming community, we have identified a gap in the market for analytical information on these games to support players and game developers," said Andrew Kiguel, CEO of Tokens.com. "We believe our technology in this area is the first of its kind and provides us with excellent exposure to Web3 gaming, the next big opportunity in the entertainment industry."
Web3 games are built upon open marketplaces and networks where users are in control of their in-game items, land and tokens; often creating small economies within the game powered by tokens and digital assets. Management sees an opportunity for Yeti to merge the Public Blockchain data with private in-game data, providing deeper insights to players, a value added data service to game developers and AI applications. TheYeti.gg gaming dashboard enables players to see in-game analytics and model out future outcomes. Over time, TheYeti.gg will also enable game developers to monetize their in-game data.
Join the Hulk team on X this Thursday October, 5 at 4:30 EST to learn more. Follow the link to join X Spaces https://x.com/i/spaces/1yoKMwvRARXJQ.
To learn more visit https://www.theyeti.gg and https://www.hulklabs.com. For developers and players interested in getting involved mailto://contact@tokens.com.
About Tokens.com
Tokens.com is a technology company that builds products and services that connects brands to consumers in 3D internet environments, including popular gaming and metaverse platforms.
Our solutions give our clients a more engaging way to connect with their existing clients, and access to a new generation of consumers who spend time on platforms such as Roblox and Fortnite.
Our key areas of focus are: i) branded virtual stores, sales centers, and 3D branded content, ii) web2 and web3 game development and game analytics, and ii) innovative e-commerce solutions that integrate shopping into existing popular gaming platforms.
Tokens.com also manages an inventory of valuable cryptocurrency, digital real estate, and a collection of top ranked crypto related domain names.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on X, LinkedIn, and YouTube.
About Hulk Labs
Hulk Labs (Or "Hulk"), is a web3 gaming studio, with a focus on 3 key areas: i) Web3 game economics and branded games for clients. ii) Data analytics via the creation of a web3 gaming dashboard for players. iii) The creation of unique mobile games. With an estimated 3.2 billion gamers globally, and growing daily, Hulk Labs is positioned itself to be ahead of the shift in gaming as gamers move from web2 consoles and PCs to mobile play-to-earn web3 video games. Additionally, Hulk offers expert consultation services in web3 gaming to brands seeking to tap into this exciting space. Hulk Labs is a subsidiary of Tokens.com, a publicly- traded company that builds web3 businesses. Hulk Labs operates at the forefront of the web3 gaming revolution.
Stay up to date and connect with us on X.
For further information please visit https://hulklabs.com.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at https://www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231005579147/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Announces Change of Auditor
TORONTO, September 01, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds web3 businesses, today announces that its board of directors (the "Board") has approved a change of the Company’s auditor.
The Company's former auditor, Raymond Chabot Grant Thornton LLP (the "Former Auditor" or "RCGT"), was not reappointed by the Board, effective as of August 3, 2023. The Board and the audit committee of the Board (the "Audit Committee") have appointed Davidson & Company LLP (the "Successor Auditor" or "Davidson") as the successor auditor of the Company, effective as of August 3, 2023.
"Tokens.com is grateful for the services provided by RCGT for the past two years," said Andrew Kiguel, CEO. "The Company is looking forward to a smooth transition with the Davidson team and planning for a successful FY2023 audit term."
There were no disagreements or unresolved issues with the Former Auditor on any matter of the audit scope or procedures, accounting principles or policies, or financial statement disclosure. There have been no "reportable events" (as defined in National Instrument 51-102 – Continuous Disclosure Obligations) between the Company and the Former Auditor. The Former Auditor did not provide a modified opinion in their auditor's report for the financial statements of the Company fiscal years ended September 30, 2022 and December 31, 2021.
A Notice of Change of Auditor (the "Notice"), together with the response letters from the Former Auditor and Successor Auditor have been reviewed by the Audit Committee and the Board and have been filed on www.sedar.com.
About Tokens.com
Tokens.com Corp is a publicly traded 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 categories.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Metaverse Group wholly-owns a subsidiary called cocoNFT, a platform that allows Instagram users to mint and sell NFTs easily. Additionally, Metaverse Group is a strategic investor in Metaverse Architects, a leading 3D modeling and game development studio. Web3 gaming operations occur within a subsidiary called Hulk Labs.
All our 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230901289466/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Reports Financial Results for Q3 2023
TORONTO, August 10, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to report its financial results for the three months and nine months ended June 30, 2023 ("Q3-2023"). All dollar figures are in United States dollars ("USD"), unless otherwise stated.
Q3-2023 Operation Highlights:
NEWS -- Tokens.com to Release its Financial Results for Q3-2023 on August 10, 2023
TORONTO, August 04, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds web3 businesses, is pleased to share that it will release its financial results for the three and nine months ended June 30, 2023 ("Q3 2023") on Thursday August 10th, 2023.
An investor webinar hosted by CEO Andrew Kiguel on Zoom has been scheduled to discuss the Company’s Q3 2023 financial results starting at 10:00 am ET on August 11th, 2023.
Investor Webinar Details:
Date: August 11th, 2023
Time: 10:00 a.m. ET
Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_xb5kUpV2QMu4MRVFLfDGWg
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com Corp is a publicly traded 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 categories.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Metaverse Group wholly-owns a subsidiary called cocoNFT, a platform that allows Instagram users to mint and sell NFTs easily. Additionally, Metaverse Group is a strategic investor in Metaverse Architects, a leading 3D modeling and game development studio. Web3 gaming operations occur within a subsidiary called Hulk Labs.
All our 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230804704103/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Developing Mobile Web3 Game
TORONTO, July 13, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to announce that its subsidiary, Hulk Labs ("Hulk") is in the advanced development phase of creating a proprietary mobile phone-based web3 video game titled Astraeus Defense (https://astraeusdefense.com/).
According to the Federal Trade Commission - Gaming is the largest sector of the entertainment industry with an estimated 3.2 billion gamers globally (2). Surpassing the combined revenues of the Music and Film industries, gaming generates a sum exceeding $170 billion annually (1). Citi GPS’ estimates the number of web3 wallets to surge from one million in 2022 to between 50 million - 100 million by 2025 (2).
Mobile games offer a larger addressable global player base, outnumbering PC and console players. The Hulk team has identified this burgeoning opportunity in the video game industry and is positioning itself to be ahead of this shift as gamers move from web2 consoles and PCs to mobile play-to-earn web3 video games.
Astraeus Defense is a competitive multiplayer sci-fi combat game that allows players to take on the role of one of eight unique extra-terrestrial species. Targeted at the Zalpha Generation (a combination of generation Alpha and Z), Astraeus Defense will be a mobile first game, with innovative web3 economic mechanics developed by Hulk Labs. Astraeus Defense leverages the most popular mechanisms from successful web2 and web3 minigames, which it pairs with a custom tokenomics system, bringing a novel experience to web3 gaming.
In creating the game, Hulk has employed AI technology to develop the concept and establish some of the 2D game art. The team has also employed an AI assistive tool to enhance efficiency of certain aspects of the game's 3D animation process.
Under new leadership, Hulk Labs is utilizing its in-house expertise to launch games for brands and further develop its product offerings. The studio will focus on creating proprietary and branded mobile games targeted at the Zalpha Generation.
"We have strategically evolved our approach at Hulk Labs by ramping up the development of our game studio. As part of this, we are excited for the launch of our game specifically targeted at play-to-earn, mobile users. Gaming is a massive market undergoing a shift. We have repositioned Hulk to service this growing opportunity," says Andrew Kiguel, CEO of Tokens.com. "Hulk Labs boasts an exceptional team of highly skilled developers and tokenomics experts, which allows us to build out our own product lines and gives us the capabilities to service branded games for brands and businesses exploring web3 gaming."
Additionally, Hulk Labs has expanded its team and has hired additional staff to support game development, product development, and core game analytics. The expanded team enables Hulk to deliver on client brand projects and further the development of its data product.
Astraeus Defense will be initially beta tested for use in 2023 and is scheduled for full release in Q1 of 2024. For more information on Astraeus Defense visit the website at https://astraeusdefense.com/ or learn more from the whitepaper at https://astraeuswhitepaper.info/. For additional updates and to stay connected follow us on twitter at https://twitter.com/AstraeusDefense and discord https://discord.com/invite/zSsJRkBKM3.
About Tokens.com
Tokens.com Corp is a publicly traded company that invests in web3 assets and owns an inventory of digital assets. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) web3 gaming. The Company also owns a portfolio of web3 related domain names.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Web3 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
About Hulk Labs
Hulk Labs (Or "Hulk"), is a web3 gaming studio, with a focus on 3 key areas: i) Web3 game economics and branded games for clients. ii) Data analytics via the creation of a web3 gaming dashboard for players. iii) The creation of unique mobile games. With an estimated 3.2 billion gamers globally, and growing daily, Hulk Labs is positioned itself to be ahead of the shift in gaming as gamers move from web2 consoles and PCs to mobile play-to-earn web3 video games. Additionally, Hulk offers expert consultation services in web3 gaming to brands seeking to tap into this exciting space. Hulk Labs is a subsidiary of Tokens.com, a publicly- traded company that builds web3 businesses. Hulk Labs operates at the forefront of the web3 gaming revolution.
Stay up to date and connect with us on Twitter.
For further information please visit https://hulklabs.com.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Sources:
Microsoft Activision Administrative Complaint: https://www.ftc.gov/system/files/ftc_gov/pdf/D09412MicrosoftActivisionAdministrativeComplaintPublicVersionFinal.pdf
MONEY TOKENS AND GAMES, Citi GPS: https://www.citifirst.com.hk/home/upload/citi_research/rsch_pdf_30143792.pdf
View source version on businesswire.com: https://www.businesswire.com/news/home/20230713130405/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
+1-647-578-7490
mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
mailto://contact@tokens.com
Media: Ali Clarke – Talk Shop Media
mailto://ali@talkshopmedia.com
Tokens.com Announces Results of 2023 Annual Meeting
TORONTO--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to announce that all resolutions considered by the shareholders of Tokens.com Corp. at the Annual General and Special Meeting of Shareholders (the “Meeting”) held virtually by teleconference on July 11, 2023 were passed.
Voting as to each of the director nominees were as follows:
Please see the report of voting results filed under Tokens.com Corp’s profile at www.sedar.com for the detailed results of all matters voted upon by shareholders at the Meeting.
About Tokens.com
Tokens.com Corp is a publicly traded company that invests in web3 assets and owns an inventory of digital assets. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) web3 gaming. The Company also owns a portfolio of web3 related domain names.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Web3 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Acquires Startup Slang Team and Its Ecommerce IP
TORONTO, June 29, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to announce that the team behind Startup Slang has joined its subsidiary, Metaverse Group. Metaverse Group will also have exclusive access to the "Shoppable" metaverse technology developed by Startup Slang that links in-game purchase transactions to Shopify Plus storefronts.
Startup Slang was the first to connect a mobile game to a Shopify Plus store. This technology is the first of its kind and can be seen in the popular interior home decor game called "Design Home". Design Home is a mobile game that has been downloaded over 100 million times in the Apple and Android app stores. The game allows players to decorate interior design spaces with pieces that can be purchased directly from popular interior decor brands in the physical world. This new technology further bridges the gap between the physical and virtual world using middleware solutions and creates a seamless shopping experience.
This technology allows Metaverse Group to build customizable gamified experiences for brands looking to reach new audiences and sell their product in an immersive and seamless way. As leaders in web3 development, Metaverse Group’s services position brands to make an easy shift from two-dimensional to three-dimensional marketing.
"We know that three dimensional marketing is the way of the future, this is evident with all the money tech giants like Apple are spending in creating wearable headsets," said Andrew Kiguel, CEO of Tokens.com. "It has been challenging finding the right solutions to connect products in digital experiences to ecommerce but by acquiring the Startup Slang team and their IP, this gives Metaverse Group an added advantage to further enhance gamified shopping experiences."
"By joining our Shoppable metaverse technology with Tokens.com and Metaverse Group, we plan to scale these types of deployments and allow brands to add an additional ecommerce source of revenue to their businesses through the metaverse. This will be a pivotal move towards the public's mass adoption of the metaverse," said Damiano Raveenthiran, founder and former CEO of Startup Slang.
Brands and businesses interested in learning more about new ecommerce offerings can contact mailto://info@metaversegroup.com.
About Tokens.com
Tokens.com Corp is a publicly traded company that invests in web3 assets and owns an inventory of digital assets. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) web3 gaming. The Company also owns a portfolio of web3 related domain names.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Web3 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
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. The company also holds a vast metaverse real estate portfolio spanning over 10+ metaverses.
Our expansive ownership of virtual land and relationships with different metaverses allow us to deliver category leading solutions that have been recognized by CNBC, CNN, Forbes, the Economist, and the Wall Street Journal. Tokens.com, a publicly- traded company, is the majority owner of Metaverse Group.
For further information please visit https://metaversegroup.com.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230629483379/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Completes Acquisition of Metaverse Group
TORONTO, June 05, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to announce that it has closed its acquisition of all of the issued and outstanding shares from the minority shareholders of Metaverse Group LTD that the Company does not already own. In addition, Metaverse Group has launched a new website, which can be visited at https://metaversegroup.com, reflecting its expanding business branding.
As consideration for the acquisition, Tokens.com has issued 20,576,941 common shares to the minority Metaverse Group shareholders. Each minority Metaverse Group shareholder will receive 0.347 Tokens.com shares per Metaverse Group share. The Tokens.com shares to be issued as part of this transaction will be subject to contractual escrow provisions over a nine month period. In addition, an aggregate of 3,105,650 options to purchase shares of Tokens.com and 694,000 RSUs of Tokens.com were issued as replacement securities to certain security holders of Metaverse Group. This transaction has been approved by the board of directors of both entities, Metaverse Group shareholders, and the NEO Exchange.
The integration of the two entities will further enhance the synergies between the two entities, including Hulk Labs, the gaming unit of Tokens.com. The gamification capabilities of Hulk Labs will enhance Metaverse Groups services offered to clients. The merger will enable the development of new, immersive experiences within the metaverse, combining the best of gaming and virtual reality. Furthermore, the amalgamation is expected to bring additional synergies in corporate overhead, investor relations, public relations, and human resources.
Metaverse Group also continues to build its software development capabilities across various web2 and web3 metaverses. This includes web2 metaverses such as Robolox, which has an estimated 65 million users daily. Metaverse Group is platform agnostic and is able to deliver value within all types of 3D virtual realities. In addition, Metaverse Group is looking at expanding its service capabilities to headsets, which will allow its clients to build on such platforms like the forthcoming Apple VR Headset set for release later this year.
Tokens.com will actively seek to acquire other companies that align with its vision and mission. The company believes that these strategic acquisitions will further strengthen its position in web3 and accelerate its growth.
Tokens.com intends to gradually pivot from its staking operations to focus on the building of Metaverse Group and Hulk Labs. In the future, the Company may seek to sell part or all of its staking inventory to finance further growth in its businesses.
"The staking business has provided a strong cushion of capital for our business since inception," said Andrew Kiguel, CEO. "As the Company grows, we need to evaluate where we can achieve the highest risk adjusted returns. With token values peaking in 2021 and staking rewards declining for large cap tokens, we are evaluating the most strategic and rewarding ways to use the digital assets on behalf of shareholders." added Kiguel.
About Tokens.com
Tokens.com Corp is a publicly traded company that invests in web3 assets and owns an inventory of digital assets. The Company focuses on three operating segments: i) crypto staking, ii) the metaverse and, iii) web3 gaming. The Company also owns a portfolio of web3 related domain names.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Web3 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
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. The company also holds a vast metaverse real estate portfolio spanning over 10+ metaverses.
Our expansive ownership of virtual land and relationships with different metaverses allow us to deliver category leading solutions that have been recognized by CNBC, CNN, Forbes, the Economist, and the Wall Street Journal. Tokens.com, a publicly- traded company, is the majority owner of Metaverse Group.
For further information please visit https://metaversegroup.com.
About Hulk Labs
Hulk Labs is a web3 gaming studio. Gaming is the largest category in the entertainment industry with revenues exceeding both film and music, consisting of over 3.2 billion gamers in 2022. It is predicted that web3 gaming will grow from 1 to 100 million users by 2025. Hulk is developing web3 wallet and data products, while using our expertise to provide web3 gaming consultation services to brands. Hulk is designing and building web3 enabled mobile games with superior tokenomic models, and our technology natively integrated. Hulk Labs is a subsidiary of Tokens.com, a publicly- traded company that builds web3 businesses and owns an inventory of digital assets.
For further information please visit https://hulklabs.com.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law
View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005137/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Reports Financial Results for Q2 2023
TORONTO, May 11, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that builds web3 businesses and owns an inventory of digital assets, is pleased to report its financial results for the three months and six months ended March 31, 2023 ("Q2-2023"). All dollar figures are in United States dollars ("USD"), unless otherwise stated.
Q2-2023 Operation Highlights:
NEWS -- Tokens.com to Release its Financial Results for Q2-2023 on May 11, 2023
TORONTO, May 08, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and web3 gaming, is pleased to share that it will release its financial results for the three and six months ended March 31, 2023 ("Q2-2023") on Thursday, May 11th, 2023.
An investor webinar hosted by CEO Andrew Kiguel on Zoom has been scheduled to discuss the Company’s Q2-2023 financial results starting at 10:00 am ET on Friday, May 12th, 2023.
Date: May 12th, 2023
Time: 10:00 a.m. ET
Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_z-2prE_DRPuiIMDFsNAznA
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com Corp is a publicly traded 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) web3 gaming. Tokens.com owns digital assets and operating businesses within each of these categories.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Metaverse Group wholly-owns a subsidiary called cocoNFT, a platform that allows Instagram users to mint and sell NFTs easily. Additionally, Metaverse Group is a strategic investor in Metaverse Architects, a leading 3D modelling and game development studio. Crypto gaming operations occur within a subsidiary called Hulk Labs.
All our 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, Facebook, Instagram and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230508005144/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Makes Offer to Acquire Full Ownership of Metaverse Group
TORONTO, April 18, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse, and play-to-earn gaming, is pleased to announce that it has reached an agreement with the Board of Directors of Metaverse Group Ltd ("Metaverse Group") to acquire all of the issued and outstanding shares from the minority shareholders of Metaverse Group Ltd that the Company does not already own, with the effect that the Company will own 100% of shares of Metaverse Group after the transaction is completed. Tokens.com is currently the majority shareholder of Metaverse Group, owning approximately 55.2% of the issued and outstanding shares (on a non-diluted basis) and 50.2% of the issued and outstanding shares (on a fully diluted basis).
As at the end of December 31, 2022, Metaverse Group had US$6.1M (CAD$8.2M) in total assets, including US$2.7M (CAD$3.6M) in cash and US$2.1M ($2.8M) in NFT assets. Pro forma the transaction, as at December 31, 2022, Tokens.com would have US$17.7M (CAD$23.7M) of total assets, including US$5.5M (CAD$7.4) of cash, US$4.9M (CAD$6.6M) of tokens, and US$2.8M (CAD$3.8M) of NFT assets.
In addition, as at April 17th, 2023, the value of tokens owned by Tokens.com is US$8.6M (CAD$11.5M), an increase of US$3.7M (CAD$5.0M) or 75.5% since December 31st, 2022, the Company's last reporting date.
As consideration for the acquisition, Tokens.com will issue 24,380,000 common shares to the minority Metaverse Group shareholders. Each minority Metaverse Group shareholder will receive approximately 0.34 Tokens.com shares per Metaverse Group share. The Tokens.com shares to be issued as part of this transaction will be subject to contractual escrow provisions over a nine month period. This transaction has been approved by the board of directors of both entities and, pending approval of Metaverse Group Shareholders at a meeting scheduled to be held on April 26th, 2023, as well as approval by the NEO Exchange, is expected to close in May 2023.
The integration of the two entities will further enhance the synergies between the two entities, including Hulk Labs, the gaming unit of Tokens.com. The gamification capabilities of Hulk Labs will greatly enhance Metaverse Groups branded product offerings. Furthermore, the amalgamation is expected to bring additional synergies in areas such as corporate overhead, investor relations, public relations, and human resources.
"Since Metaverse Group’s inception in 2021, its team has been working closely with the Tokens.com team, delivering category-leading products for clients like Forever21 and DKNY," said Andrew Kiguel, CEO of Tokens.com. "Together, we look to generate additional growth and strengthen our combined balance sheet."
Lorne Sugarman, who currently holds the position of CEO at Metaverse Group, will assume the role of President, Operations at Tokens.com and will be appointed as a Director to the board of Tokens.com.
"I’m excited to be working with the team at Hulk and Tokens. I believe their skills and capabilities will enhance our future product offerings. We are constantly working to create better solutions for our clients," said Lorne Sugarman.
In addition to its staking operations and Metaverse Group, Tokens.com continues to own approximately 94% of Hulk Labs, its play-to-earn gaming subsidiary.
Completion of the transaction is subject to receipt of NEO Exchange approval and other customary closing conditions for transactions of this nature. No assurance or guarantee can be made that such conditions will be met or that the transaction will complete.
About Tokens.com
Tokens.com Corp is a publicly traded 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 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
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. The company also holds a vast metaverse real estate portfolio spanning over 10+ metaverses.
Our ownership of over 750 parcels of virtual land and relationships with different metaverses and industry players allow us to deliver category leading solutions that have been recognized by CNBC, Forbes, the Economist and the Wall Street Journal. Tokens.com, a publicly- traded company, is the majority owner of Metaverse Group.
For further information please visit https://metaversegroup.com.
About Hulk Labs
Hulk Labs is a web3 technology company focused on building tools and systems to generate income from Play-to-Earn (P2E) blockchain games. Hulk Labs builds calculators to evaluate the profit potential and longevity of P2E games. Hulk Labs is a subsidiary of Tokens.com, a publicly- traded company that invests in web3 assets and businesses.
For further information please visit https://hulklabs.com.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to completion of the acquisition and closing date thereof and the benefits to be realized from the transaction, including the potential synergies between Metaverse Group and Tokens.com (including Hulk Labs, the gaming unit of Tokens.com). Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230418005395/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Announces Promotions and Changes to C-Suite Positions
TORONTO, April 05, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, is pleased to announce the promotion of two executives to its leadership team. Eric Abrahams has been promoted to Chief Operating Officer and Jonathan Okihiro to Chief Investment Officer. The two executives have demonstrated exceptional leadership in their previous roles and are well-equipped to lead the company forward in their new positions. In addition, Josh Doner, has been promoted to Group Lead at Hulk Labs, in addition to his role as Chief NFT Officer.
Eric Abrahams joined Tokens.com in 2021 as a Technical Consultant providing research analysis and later became the Lead Developer for the Tokens.com subsidiary, Hulk Labs, where he has played a crucial role in the growth of the company. In his new position, Eric will oversee all aspects of the company's operations. Eric brings years of experience in operations management to the role, and his skills and knowledge have been critical to the company's success.
Jonathan Okihiro joined Tokens.com in 2021 as a Crypto Investment Analyst, where he has led The Company's token research efforts, including strategic investments in Play-to-Earn games and the Metaverse. In his new role as CIO, Jonathan will be responsible for overseeing The Company's staking assets and token investment strategy.
Joshua Doner joined Tokens.com in 2021 as Chief NFT Officer, providing advisory on client projects across Tokens.com portfolio companies. Josh is a pioneer in the NFT space being among the first crypto wallets to ever purchase an NFT in 2017. He has extensive experience navigating various NFT Communities. Josh will be leading Hulk’s business transformation efforts alongside the experienced team at Tokens.com.
"We are thrilled to have Eric, Jonathan, and Josh take on these critical roles," said Tokens.com CEO, Andrew Kiguel. "Their exceptional experience, leadership, and dedication to the company have been invaluable, and I am confident that they will continue to play a key role in driving our growth and innovation."
The company would also like to thank Deven Soni, the former COO, for his service to the company. Deven played an integral role in the company's growth during his tenure. Management wishes him well in his new endeavours.
About Tokens.com
Tokens.com Corp is a publicly traded 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 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at https://www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230405005133/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Lancia Italia Announced as Metaverse Group’s Automotive Partner for Metaverse Fashion Week 2023
TORONTO, March 28, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, is pleased to announce that its subsidiary, Metaverse Group, has partnered with Lancia Italia, to be its official automotive brand partner for Metaverse Fashion Week 2023.
Metaverse Fashion Week 2023 is set to take place from March 28th to 31st with the heart of the event in Metaverse Group’s Luxury District, where Lancia Italia will have its virtual showroom. The showroom is inspired by its physical Milan location thanks to the innovative materials, and precise attention to detail inspired by Italian architecture and design. The metaverse showroom will showcase two vehicles. The first being a virtual replica of the Lancia Ypsilon, the fashionable city car which appeals to customers who are conscious of style, elegance, and technology and the second being a new concept car to be revealed on April 15th. The concept car is a tease of what is to come as visitors will be able to see the vehicle's silhouette in the showroom under a veil.
"I am proud to announce that Lancia will be the Official Metaverse Group Automotive Brand of the 2023 Metaverse Fashion Week. Thanks to the participation at this exclusive and world-famous virtual event, Lancia will enter into the metaverse," stated Raffaele Russo, Managing Director of Lancia Italia.
Lancia is the first automaker to partner with Metaverse Group. This partnership with Lancia helps promote the European automaker to a larger audience given Metaverse Fashion Week's global presence. In turn, Metaverse Group has the opportunity to display its metaverse builds that were created using in-house services on a larger scale. Additionally, Metaverse Group advises best practices for web3 strategic plans to help complement the businesses' e-commerce strategies.
"As leaders in web3 community development, we are here to help guide and provide brands with new, exciting, and innovative ways to meet new objectives as web3 is gaining popularity daily," said Andrew Kiguel, CEO of Tokens.com and Executive Chairman of Metaverse Group. " We are thrilled to be partnering with Lancia on their web3 journey."
Brands and businesses interested in expanding into web3 can contact Metaverse Group at mailto://Info@metaversegroup.com.
About Tokens.com
Tokens.com Corp is a publicly traded 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 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
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. The company also holds a vast metaverse real estate portfolio spanning over 10+ metaverses.
Our ownership of over 750 parcels of virtual land and relationships with different metaverses and industry players allow us to deliver category leading solutions that have been recognized by CNBC, Forbes, the Economist and the Wall Street Journal. Tokens.com, a publicly- traded company, is the majority owner of Metaverse Group.
For further information please visit https://metaversegroup.com.
Lancia
With 116 years of history, Lancia represents timeless Italian elegance, a brand that made people around the globe dream about, thanks to its iconic vehicles: the elegant Flaminia and Aurelia B24 Spider, the performing Delta, Stratos and 037, the eclectic Fulvia or Beta HPE and many others. Lancia is now ready to start its Renaissance with a 10-year strategic plan that is moving on very quickly.
Innovation and timeless design have always been the founding principles for the brand. And now sustainability, customer-centricity and social responsibility have as well become essential, because Lancia is determined to look to the future with great commitment and ambition.
Twitter @Lancia Facebook Lancia YouTube Lancia Instagram Lancia LinkedIn Lancia
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005217/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Metaverse Fashion Week 2023 Returning to Tokens.com’s Luxury District
TORONTO, March 01, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, is pleased to announce that Tokens.com subsidiary, Metaverse Group, will play a major role in Metaverse Fashion Week 2023 (MVFW23). Metaverse Group’s Luxury District within Decentraland will serve as the event’s base, hosting global brands such as Dolce & Gabbana and DKNY. Beyond land rentals, Metaverse Group will be providing in-house design and architectural services to build out digital metaverse experiences for several clients participating in the event.
MVFW23 is scheduled to take place from March 28-31, 2023 spanning across three metaverses including Decentraland, Over, and Spatial, and will be open to all attendees at no cost. The Luxury Fashion District located in Metaverse Group’s Fashion Street Estate is a key destination that will be hosting virtual fashion shows, retail shops selling digital wearables, musical artists, and virtual parties.
Now in its second year, MVFW23 will include more immersive digital experiences hosted by some of the world’s leading fashion houses. Some experiences announced to date are below:
NEWS -- Tokens.com Reports Financial Results for Q1 2023
TORONTO, February 14, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse, and play-to-earn gaming, is pleased to report its financial results for three months ended December 31, 2022 ("Q1-2023"). All dollar figures are in United States dollars ("USD"), unless otherwise stated.
Q1-2023 Operation Highlights:
- Tokens.com’s subsidiary, Metaverse Group Ltd, fully leased its digital real estate in two popular Decentraland neighborhoods. The land was occupied by a diverse collection of esteemed brands and businesses.
- Metaverse Group hosted its first metaverse music festival in Decentraland on its Music Hub property.
- Metaverse Group successfully acquired CocoNFT, an NFT platform for non crypto-native creators.
- Tokens.com and Metaverse Group have partnered with the AIR MILES® Reward Program to become the first brand-agnostic loyalty program of the metaverse.
- Hulk Labs signed a partnership agreement with Aftermath Islands Limited, a controlled subsidiary of Liquid Avatar Technologies.
- Hulk Labs has successfully integrated over a thousand player wallets into its network, with a primary focus on Africa.
- Hulk Labs acquired a validator node license for Splinterlands, one of the longest running and most active play-to-earn games, and entered into a broad partnership with the Splinterlands team.
- Tokens.com liquidated some of its tokens in inventory in favour of holding cash, in consideration of volatile crypto prices and the ongoing turmoil caused by the bankruptcy of FTX and BlockFi.
Management is focused on building its web3 businesses, Metaverse Group and Hulk Labs. Those businesses are focused on innovation in the web3 sector in ways that are not tied to the performance of cryptocurrencies. Both businesses have made great strides in providing corporate and brand partners with new ways to engage their customers.
Metaverse Group and Hulk Labs both became revenue positive in 2022 through focus on innovative services and through building proprietary intellectual property. The Company’s strategy is to limit its crypto exposure to Layer 1 cryptocurrencies such as Ethereum and Polkadot, while also building sustainable and profitable businesses that leverage web3 and blockchain technology. This strategy provides investors with the potential upside in crypto prices and the growing use cases for blockchain technology.
"In 2022, Tokens.com was successful in laying down the foundation for two new operating segments being Metaverse Group and Hulk Labs in the metaverse and gaming sectors, respectively. These subsidiaries are now revenue positive, but still in the very early stages of their growth. For 2023, management is focused on scaling growth within those operations to generate more significant levels of revenue," said Andrew Kiguel, CEO.
Q1-2023 Financial Highlights
- The Company achieved revenue of $152k for the three months ended December 31, 2022, compared to $326k for the three months ended December 31, 2021 ("Q1-2022").
- Total cash and cryptocurrency holdings of $10.4 million, or CAD$13.5 million as of December 31, 2022.
- Staking revenue was $40k for the three months ended December 31, 2022, compared to $216k for the three months ended December 31, 2021.
- Increased Ethereum holdings to 3,273, as of the date of this press release.
- Average gross staking yields of 6.9% for Q1-2023, compared to 4.6% for Q1-2022, due to a change in token mix.
- Metaverse Group continued to gain traction in its metaverse consulting business, with consulting revenue of $85k and lease revenue of $23k during Q1-2023.
- Operating expenses were $718k for the three months ended December 31, 2022, compared to $3.3 million for the three months ended December 31, 2021.
- A non-cash loss on revaluation of its cryptocurrency assets of $1.3 million for Q1-2023, compared to a loss of $829k for Q1-2022. Loss on disposal of digital assets was $102k for the three months ended December 31, 2022, compared to a gain of $1.5 million during the three months ended December 31, 2021.
- A net loss and comprehensive loss for the three months ended December 31, 2022, attributable to Tokens.com, of $1.6 million, compared to net loss of $3.7 million and comprehensive loss of $1.6 million, attributable to Tokens.com, for the three months ended December 31, 2022.
Continuous Disclosure
Further to a review by the staff of the Ontario Securities Commission (the "OSC") of the Company’s continuous disclosure, the Q1-2023 MD&A includes enhanced disclosures with respect to the Company’s staking operations and custody of its assets.
As a result of having to make such enhanced disclosure after the OSC review, the Company has been placed on the public list of Refilings and Errors in accordance with OSC Staff Notice 51-711 (Revised) - Refilings and Corrections of Errors for a period of three years, effective today.
A complete financial reporting package, including the Unaudited Condensed Consolidated Interim Financial Statements and Management’s Discussion & Analysis, is available on our corporate website (www.tokens.com), and the SEDAR website (www.sedar.com).
An investor call has been scheduled to discuss the Company’s Q1-2023 financial results, hosted by CEO Andrew Kiguel, starting at 10:00 am ET on February 15, 2023.
Conference Call Details:
Date: February 15, 2023
Time: 10:00 a.m. ET
Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_hmo4N8q2RIawvs51C1-nRg
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com Corp is 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.
As a result of each of the three business segments owning digital assets, Tokens.com is required to mark-to-market these digital assets at the end of every reporting quarter. As a result, the Company's financial statements will have non-cash related gains or losses based on the market performance of the digital assets owned from quarter-to-quarter. These non-cash revaluations of owned digital assets do not impact the operations or growth within our business segments. The digital assets are owned for the purpose of generating revenue within each business segment. In some instances, the Company may choose to dispose of certain assets if they no longer meet our ownership criteria.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005854/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com to Release its Financial Results for Q1-2023 on February 14, 2023
TORONTO, February 10, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, is pleased to share that it will release its financial results for the three months ended December 31, 2022 ("Q1 2023") on Tuesday February 14th, 2023.
An investor webinar hosted by CEO Andrew Kiguel on Zoom has been scheduled to discuss the Company’s Q1 2023 financial results starting at 10:00 am ET on February 15th, 2023.
Date: February 15th, 2023
Time: 10:00 a.m. ET
Zoom Webinar Registration: https://us06web.zoom.us/webinar/register/WN_hmo4N8q2RIawvs51C1-nRg
To join the webinar, register using the link provided above. Upon registration a Zoom link will be emailed to the registered email address. The webinar will be available via computer, tablet, and smartphone devices. In addition, a dial-in phone number will be provided in the email upon registration. Callers dialing in using a telephone will automatically be placed in a listen only mode. The question period will not be available to dial-in callers.
About Tokens.com
Tokens.com Corp is a publicly traded 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 categories.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Metaverse Group wholly-owns a subsidiary called cocoNFT, a platform that allows Instagram users to mint and sell NFTs easily. Additionally, Metaverse Group is a strategic investor in Metaverse Architects, a leading 3D modelling and game development studio. Crypto gaming operations occur within a subsidiary called Hulk Labs.
All our 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230210005046/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Provides Further Update on Assets Held at Genesis Global Capital
TORONTO, January 20, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, provides update on assets being held with Genesis Global Capital, LLC ("Genesis").
In the evening of January 19th, 2022, Genesis Global Capital filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code. Tokens.com has a loan facility with Genesis, for which the Company was required to post collateral in token assets. Based on the closing price on January 19, 2023, this collateral was worth approximately US$749k. Tokens.com has a loan outstanding against this collateral of US$138k. The difference between the collateral and the loan value represents approximately 3.1% of Tokens.com’s total assets of US$20.0 million as at September 30, 2022, our financial year-end.
Tokens.com has been aware of the issues at Genesis and has been requesting to have its collateral returned and repay the loan outstanding. Redemption of collateral for all lending clients has been frozen by Genesis since November 16, 2022. Genesis is currently establishing a customary claims process, which could put all or a portion of the value of the Tokens.com’s net collateral at risk.
The unavailability of these tokens does not have a material impact on Tokens.com’s financial position or operations. There was no cash held at Genesis. Tokens.com remains well capitalized to meet its future plans and this does not affect the Company’s cash position.
The remainder of crypto assets owned by Tokens.com are held in internally managed wallets which are not at risk of third-party management or custody issues.
Tokens.com management continues to monitor the situation and remains in contact with Genesis to seek a resolution to this situation that is in the best interest of Tokens.com shareholders.
About Tokens.com
Tokens.com Corp is a publicly traded 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 categories.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Metaverse Group wholly-owns a subsidiary called cocoNFT, a platform that allows Instagram users to mint and sell NFTs easily. Additionally, Metaverse Group is a strategic investor in Metaverse Architects, a leading 3D modelling and game development studio. Crypto gaming operations occur within a subsidiary called Hulk Labs.
All our 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005231/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Provides Update on Assets Held at Genesis Global Capital
TORONTO, January 20, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, provides update on assets being held with Genesis Global Capital, LLC ("Genesis").
Tokens.com has an open loan facility with Genesis, for which the Company is required to post collateral in token assets. Based on the closing price on January 18, 2023, this collateral was worth US$890k. Tokens.com has a loan outstanding against this collateral of US$138k. The difference between the collateral and the loan value represents approximately 3.7% of our total assets of US$20.0 million as at September 30, 2022.
Tokens.com has requested to have its collateral returned and repay the loan outstanding in full. Genesis has paused redemptions of collateral for all lending clients and has recently been rumored to be exploring bankruptcy protection, which could put the value of the Company’s net collateral at risk.
The unavailability of these tokens does not have a material impact on Tokens.com’s financial position or operations. The Company remains well capitalized to meet its future plans.
The remainder of crypto assets owned by Tokens.com are held in internally managed wallets which are not at risk of third-party management or custody issues.
Tokens.com management continues to monitor the situation and remains in contact with Genesis to seek a resolution to this situation that is in the best interest of Tokens.com shareholders.
About Tokens.com
Tokens.com Corp is a publicly traded 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 categories.
Staking operations occur within Tokens.com. Metaverse operations occur within a subsidiary called Metaverse Group. Metaverse Group wholly-owns a subsidiary called cocoNFT, a platform that allows Instagram users to mint and sell NFTs easily. Additionally, Metaverse Group is a strategic investor in Metaverse Architects, a leading 3D modelling and game development studio. Crypto gaming operations occur within a subsidiary called Hulk Labs.
All our 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.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005038/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com Subsidiary Announces Partnership with Splinterlands, a Leading P2E Game
TORONTO, January 18, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse, and play-to-earn gaming, is pleased to announce that its subsidiary, Hulk Labs, has acquired a validator node license for the popular play-to-earn (P2E) game Splinterlands and has entered into a broad partnership with the Splinterlands team.
Splinterlands is one of the longest running and most active play-to-earn (P2E) games in the web3 space, boasting over 350,000 players and 12 million+ transactions daily. Validator node operators like Hulk earn a share of 3,750,000 Splintershards tokens per month, as well as game VOUCHERS, both of which can be exchanged for on-chain game assets or traded freely on secondary markets. Validator node licenses for Splinterlands originally went on pre-sale in May 2022, selling out the 2,000 licenses available at launch in 11 minutes.
The acquisition of a validator node license is aligned with Hulk Labs focus on yield generation within the web3 gaming space, as Splinterlands has shown itself to be a sustainable game – even amid the current bear market. Hulk plans to leverage its validator node to earn in-game assets which will be used to deploy into its growing network of players.
In addition to the node license, Hulk Labs has also partnered with NFTy Arcade, to leverage their guild tooling and facilitate the onboarding of new Splinterlands players across the world.
Hulk is planning a further expansion into the Splinterlands ecosystem in partnership with NFTy arcade - and is leveraging their Splinterlands experience, player and asset management tools, and rewards tracking allows for a seamless on-ramp for Hulk Labs player network.
The current crypto market environment has made it challenging for new games to come to market, but Splinterlands has remained strong. In addition to the main deck-builder based game, Splinterlands is also prepared to release a highly anticipated tower defense game. Pre-sales for tower defense card packs launched on September 20th, and sold out in 12 hours, with over 200,000 of the 250,000 packs available selling in the first 30 minutes.
"Hulk Labs continues to grow its platform and revenue generating opportunities," said Andrew Kiguel, CEO of Tokens.com. "As web3 gaming and P2E continue to grow, Hulk Labs is positioned to be an industry leader in analytics and wallet management software."
P2E games interested in a partnership with Hulk Labs can contact mailto://contact@tokens.com.
About Tokens.com
Tokens.com Corp is 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.
As a result of each of the three business segments owning digital assets, Tokens.com is required to revalue these assets at every reporting quarter. The Company's financial statements will have non-cash related gains or losses based on the market performance of the digital assets owned from quarter to quarter. These non-cash revaluations of owned digital assets do not impact the operations or growth within our business segments. The digital assets are owned for the purpose of generating revenue within each business segment. In some instances, the Company may choose to dispose of certain assets if they no longer meet our ownership criteria.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
About Hulk Labs
Hulk Labs is a web3 technology company focused on building tools and systems to generate income from Play-to-Earn (P2E) blockchain games. Hulk Labs builds calculators to evaluate the profit potential and longevity of P2E games. In addition, the company is building a global player network to play games on behalf of asset-holders and is building tools to securely delegate and track in-game NFTs. Hulk Labs is a subsidiary of Tokens.com, a publicly- traded company that invests in web3 assets and businesses.
For further information please visit https://hulklabs.com.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230118005128/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
NEWS -- Tokens.com’s Metaverse Subsidiary Acquires CocoNFT
TORONTO, January 03, 2023--(BUSINESS WIRE)--Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse, and play-to-earn gaming, is pleased to announce that its subsidiary, Metaverse Group, has acquired CocoNFT ("Coco"), an NFT platform for non crypto-native creators. As part of the acquisition, Coco’s co-founders who will join the Metaverse Group team as Chief Technology Officer and Chief Product Officer, bringing experience from tech sector leaders Hootsuite and Zapier.
The Coco acquisition includes a software platform that allows users to easily mint NFTs from their Instagram, leveraging the blockchain and a web3 wallet. This tool has many applications for both creators and brands alike.
Metaverse Group will work to advance Coco’s technology offering and integrate the products with its virtual world B2B offerings. Additionally, Metaverse Group will leverage Coco’s strategic partnerships with the likes of Opensea and Rarible, and the online communities that Coco has built with over 45,000 followers across 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.
"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."
Brands and businesses interested in developing a web3 business can contact mailto://info@metaversegroup.com.
About Tokens.com
Tokens.com Corp is 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.
As a result of each of the three business segments owning digital assets, Tokens.com is required to revalue these assets at every reporting quarter. The Company's financial statements will have non-cash related gains or losses based on the market performance of the digital assets owned from quarter to quarter. These non-cash revaluations of owned digital assets do not impact the operations or growth within our business segments. The digital assets are owned for the purpose of generating revenue within each business segment. In some instances, the Company may choose to dispose of certain assets if they no longer meet our ownership criteria.
Visit https://Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities on Twitter, LinkedIn, and YouTube.
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.
Our ownership over 750 parcels of virtual land and relationships with different metaverses and industry players allow us to deliver category leading solutions that have been recognized by CNBC, Forbes, the Economist and the Wall Street Journal. Tokens.com, a publicly- traded company, is the majority owner of Metaverse Group.
For further information please visit https://metaversegroup.com.
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.
For further information visit www.coconft.com.
Forward-Looking Statements
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may," "will," "plan," "expect," "anticipate," "estimate," "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230103005447/en/
Contacts
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: mailto://contact@tokens.com
Jennifer Karkula, Head of Communications
Email: mailto://contact@tokens.com
Media Contact: Ali Clarke – Talk Shop Media
Email: mailto://ali@talkshopmedia.com
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