COIN.n announces strategic investment in Web3 POE assets Yesterday, Tokens.com (NEO: COIN) announced the completion of its strategic investment round at Hulk Labs. Financing was led by DV Investment Management and is the first time the company’s 90% owned subsidiary has raised capital outside of Tokens.com.
Hulk Labs is focused on developing play-to-earn Web3 gaming products. The financing capital will be used to invest in yield generating play-to-earn assets and to build out its existing gaming teams.
“Despite short-term market turmoil, we are committed to using our capital to build high-growth Web3 businesses linked to long-term macro opportunities such as play-to-earn gaming,” commented Andrew Kiguel, CEO of Tokens.com.
I’m happy to see that COIN is focusing on growth amidst the current crypto market storm, and I’m interested to see how the company will emerge once the dust settles.
COIN is currently trading at $.4, valued at $38.77 million.
https://ceo.ca/@businesswire/tokenscom-announces-completion-of-strategic-investment