The partnership between NSAV and Metaverse Network LLC is centered around the launch of a pioneering Non-Fungible Token (NFT) and the world’s first DeFi-GameFi combined App, known as MetaFi. Here are the key points of the agreement:
Equity Stake: NSAV will acquire a significant minority stake in Metaverse Network LLC, receiving between 5 to 7.5% of the total NFT tokens, which amounts to 50% of the founder’s pool of the token.
Public Venture: The DeFi-GameFi venture with Metaverse Network LLC is set to go public in New York in Q1 2022.
Shared Vision: Both companies share a vision for capitalizing on the metaverse market, which is projected to be a $1 trillion opportunity. They aim to create a “playground” that supports both creators and users for access, allowing to create a link between the present universe and Metaverse to work together in harmony.
Privacy and Security: MetaFi users can buy avatars via NFTs for greater privacy and security, ensuring that they do not have to worry about exposing their identity.
Play & Earn Model: The MetaFi App offers users entertainment and rewards for participation. These rewards are transferable and can be utilized in various diverse third-party individual Blockchain DApps.
This strategic partnership is a concrete step towards commercializing the relationship between NSAV and Metaverse Network, with both entities preparing for the era of the metaverse to fully arrive.
