Magic Internacional Argentina FC, S.L. (commonly referred to as "Magic") appears to be another company, likely based in Argentina, with its focus on international activities (hence the name). From the information provided, it is not explicitly stated what the primary business or industry of Magic is, other than its involvement in the joint venture agreements with GBT Technologies and GBT Tokenize Corp.
In the context of the information provided, Magic is a party involved in the joint venture agreements alongside GBT Technologies and GBT Tokenize Corp. They have some level of control or influence over GBT Tokenize due to the transfer of rights made by Tokenize (another entity) to Magic, which seemingly resulted in Magic holding some ownership interest or controlling stake in GBT Tokenize.
Here's the sequence of events related to Magic's involvement:
Initially, GBT Technologies and Tokenize owned 50% each of GBT Tokenize.
Tokenize transferred its rights under the 2020 Tokenize Agreement, including its 50% ownership in GBT Tokenize, to Magic.
As a result, Magic became a significant party in the joint venture alongside GBT Technologies.
The specific reasons behind Tokenize transferring its rights to Magic are not mentioned in the provided information. It's possible that this decision was part of a strategic arrangement or agreement made between the involved parties.
In summary, Magic Internacional Argentina FC, S.L. is a company that is part of the joint venture agreements with GBT Technologies and GBT Tokenize Corp. They are now involved in the ownership and operations of GBT Tokenize alongside GBT Technologies.
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