Cryptocurrency News

Spacenet Board approves to acquire 12%-15% stake in new age Gaming &Finance (GameFi) company Startup String Metaverse Limited

2 min read
Spacenet Board Approves To Acquire 12%-15% Stake In New Age Gaming &Amp;Finance (Gamefi) Company Startup String Metaverse Limited

India PR Distribution New Delhi [India], August 16: Spacenet Enterprises India Ltd, a global fintech enterprise (NSE: SPCENET), has announced its intention to acquire 12-15% stake in String Metaverse Limited.

A Startup India initiative String Metaverse Limited, a global Startup India company with a focus on creating gaming communities. String Metaverse Limited have offices in Hyderabad, Dubai, Gift city and Hong Kong currently

String Metaverse Limited is a Web 3.0 GameFi startup and fintech platform that enables business partners to offer online gaming services, Play2Earn, Free2play that include rewarding games (Real Money Games) for every transaction covering Retail, E-commerce, Food and Beverages industries. Spacenet’s Executive Director Prakash Dasigi, said “We are pleased to announce our investments in String Metaverse Limited a Gamefi startup which has a potential to create huge value for Spacenet shareholders. We are impressed with the fast growth and global footprint achieved by String Metaverse in a short span

String Metaverse Limited Krishna Mohan founder said “We are delighted to work with Spacenet in creating a long-term value to all our investors. As a startup gaming initiative last year we achieved a performance of 36Cr.revenue and a profit of 2.4Cr. The Company is going to post 100Cr. revenue this year and targeting to achieve 100Cr.PAT in next 1000 days. (Disclaimer: The above press release has been provided by India PR Distribution. ANI will not be responsible in any way for the content of the same)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Source link
#Spacenet #Board #approves #acquire #stake #age #Gaming #Finance #GameFi #company #Startup #String #Metaverse #Limited

Leave a Reply

Your email address will not be published. Required fields are marked *