With the entire market selling off (both crypto and stocks), Tokens.com ($COIN.NE/$SMURF)'s stock has been impacted alongside the consolidation. But remember $COIN.NE has been diversifying outside of crypto staking for some time now. For example, their multi-million dollar holdings in virtual real estate have created a number of lease agreements that aren't impacted by crypto prices.
- $COIN has partnered with companies like Skechers and Forever 21 to develop virtual real estate for these companies.
- Recent acquisitions of new Play-to-Earn gaming assets such as NFT characters in BitBrawl and land parcels in Arcade Land will also help generate compounded returns.
- Moving outside of crypto, NFTs, and virtual real estate, one of $COIN's subsidiaries also announced that they're launching a new Advisory service to assist companies with metaverse-related things.
Even Gucci is planning on accepting crypto (10 different currencies) as payments at select locations across the US by the end of May. This is huge because if the pilot goes successfully, we could see wider adoption of using crypto as a payment system due to Gucci's brand presence.
https://www.cnn.com/2022/05/08/business/gucci-bitcoin-cryptocurrency-payments-trnd/index.html
Diversification is vital for companies in the crypto/metaverse sector due to the asset class's volatility. That's why $COIN is one of the most resilient companies in the space. Even if crypto struggles in the short-term, $COIN is a company that's in it for the long term as the majority of its assets produce compounding returns. These compounding returns will only generate more and more revenue over time. Overall, this is a company to keep an eye on. The current market cap of only $48.5M makes them very undervalued, considering the value of the virtual assets. Definitely watch out for any future developments as the team continues to deliver and develop the brand.