representative work

Tokens.com to Sell Metaverse Group and Hulk Labs

01/31/2024

On January 30, 2024, Tokens.com Corp., a web3 technology company that builds products and services that connects brands to consumers in 3D internet environments, entered into a definitive agreement to sell the assets of Metaverse Group and Hulk Labs to StoryFire, Inc., a New York-based online social entertainment and gaming platform. Consideration to Tokens.com for the disposition consists of a 15.3% equity interest in StoryFire, valued at US$3.5 million, and approximately US$500,000 in token-based consideration. In addition, Tokens.com will be granted a board seat on the StoryFire board. The transaction is scheduled to close on March 1, 2024.

Cassels acted for Tokens.com.

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