Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ETHEREUM NEWS»ARAX Holdings acquires 20% stake in Nemesis’ blockchain-based Metaverse
ETHEREUM NEWS

ARAX Holdings acquires 20% stake in Nemesis’ blockchain-based Metaverse

By Crypto FlexsDecember 6, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
ARAX Holdings acquires 20% stake in Nemesis’ blockchain-based Metaverse
Share
Facebook Twitter LinkedIn Pinterest Email

ARAX Holdings Corp., a renowned company in the field of digital asset management, announced on December 5 that it has acquired a portion of The Nemesis, an innovative open world metaverse platform.

Ockert Loubser, COO of ARAX, said:

“This acquisition is not just an investment. “This is our commitment to shaping the future of how we interact in the digital world.”

ARAX said it had acquired a 20% stake in The Nemesis, adding that it also has an option to acquire an additional 11% stake in the company.

As part of the deal, The Nemesis will deploy Core Blockchain, a platform from ARAX’s recently acquired subsidiary Core Business Holdings. ARAX separately announced the distribution of native core tokens last November.

The current transaction also includes CorePass, the official wallet for Core Coin and Core Token. As part of the agreement, ARAX will work with The Nemesis to develop a connector to CorePass using the Unity SDK.

ARAX also added that the strategic partnership will expand ARAX’s digital asset and management capabilities through the Core Business Holdings ecosystem by increasing demand for Core Token and Core Coin.

The company added that the deal will help it communicate with customers. ARAX outlined possible developments related to fintech, healthcare, hospitality solutions and industry solutions.

What is Nemesis?

Nemesis is a metaverse platform that uses an Ethereum-based token called NEMS as a payment and in-game reward token. Nemesis additionally uses non-fungible tokens (NFTs) to represent ownership of virtual land, collectible companion characters, and in-game cars.

According to ARAX’s announcement, the number of monthly active users in the Metaverse sector is approximately 400 million. He added that according to external statistics, by the mid-2030s, the metaverse could have an economic impact of 489 billion euros in the EU and $760 billion in the United States.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Protocol Update 001 -scale L1

August 7, 2025

Stablecoins are finally legal

August 3, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025
Most Popular

Trader says this gaming altcoin is one of the ‘big bets’ for the cryptocurrency bull market and predicts much higher prices.

February 13, 2024

Bitcoin’s huge ‘megaphone pattern’ sets the $ 270K-300K BTC price target.

February 15, 2025

Get rolling with Ribbits this Froggy Free Spins weekend!

January 13, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.