Business
NSAV TO ACQUIRE MINORITY STAKE IN TECHNICORUM HOLDINGS, EXPANDS PRESENCE IN $163 BILLION GLOBAL BLOCKCHAIN MARKET
NSAV TO ACQUIRE MINORITY STAKE IN TECHNICORUM HOLDINGS, EXPANDS PRESENCE IN $163 BILLION GLOBAL BLOCKCHAIN MARKET.
About this update from Net Savings Link, Inc.
[{"type":"text","content":"\n London, England, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that the company has entered into a definitive agreement to acquire a significant minority stake in Singapore based Technicorum Holdings www.technicorum.com , a global investment and compliance company and further expanding into the $163 billion annual global blockchain market. Under the terms of the agreement, NSAV will acquire a 5% stake in Technicorum Holdings, with an option for an additional stake, putting Technicorum Holdings at a post-money valuation of $120 million. Technicorum Holdings, a group specializing in digital assets, is poised to enable NSAV to become more deeply entrenched in the blockchain industry. With expertise in ICO’s, IEO’s and IDO’s, and over the past year, into DeFi and NFT’s, as well as recently, GameFi, SocialFi, and the Metaverse, this partnership is a great enabler for both NSAV as well as Technicorum. https://www.linkedin.com/pulse/blockchain-market-size-reach-163-billion-2027-heres-why-lon-wong Earlier this month, NSAV announced a strategic business partnership with Technicorum Holdings, which will allow both companies to complement each other’s strength and technical capabilities. The partnership aims to better solve existing challenges in the newly developing industries and to create new opportunities within the growing decentralized financial market. This partnership will accelerate the revenue growth of both companies while strengthening their positions as leading digital asset providers and thought leaders in the decentralized financial market and cryptocurrency space. DeFi has grown to over $200 billion in the past 5 years, GameFi is all the rage now, and most SocialFi projects are seeing dozens or hundreds of multiples recently. Published reports also predict that the global Metaverse market will gain a 13.1% yearly growth rate reaching $783.3 billion annually by 2024 from $478.7 billion in 2020. https://www.bloomberg.com/professional/blog/metaverse-may-be-800-billion-market-next-tech-platform/ Malcolm Tan, Chief Strategic Advisor of Technicorum stated, \"Technicorum Holdings will continue to identify innovative approaches to partnerships that enable us to stay at the forefront in the...