Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Ethereum Dev Zack Cole starts an initiative for the ‘Tokenless’ project.

July 2, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025
Add A Comment

Comments are closed.

Recent Posts

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025

A Trader’s Guide To Smarter Moves

July 6, 2025

Crypto Price Prediction Strategies – How Traders Forecast The Market

July 6, 2025

Causes, History, And How To Survive

July 6, 2025

A Guide To High-Risk, High-Reward Strategies

July 6, 2025

Ethereum MVRV has 1.20–1.25 and suggests that Market Peak is not visible.

July 6, 2025

Bitcoin holders reach $ 1 trillion in paper gains.

July 6, 2025

It flashes again in July

July 6, 2025

AAS MINER Rolls Out 2025 AI Cloud Mining Plan — Fully SEC-Compliant, Risk-Controlled, And Tailored For Crypto Enthusiasts

July 6, 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

From Wall Street to Wallet: Ark Defai redefines financial architecture.

July 7, 2025

What Every Investor Should Know

July 6, 2025

Protecting Your Portfolio In A Volatile Market

July 6, 2025
Most Popular

Pump.fun will transfer the token distribution fee to the first buyers and pay 0.5 SOL to the creators upon completion of the bonding curve.

August 9, 2024

Will Bitcoin hit a new all-time high in 2024?

March 4, 2024

Mastercard’s Dynamic Yield Launches AI-Powered Shopping Muse to Power Online Retail

December 1, 2023
  • 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.