2022-06-20 | NEO:MONEY | Press release
Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company””, a publicly traded company that invests in Web3 crypto assets and Metaverse-related businesses and NFTs, is pleased to announce that its subsidiary, Hulk Labs, has entered into a play-to-earn partnership with the Democratic Republic of Congo (DRC).
Tokens.com and Hulk Labs plan to work with several local entities and universities in the DRC to identify and train a pool of gamers to participate in the game-to-win economy.
Additionally, Tokens.com will deploy play-to-earn assets to this network of gamers in the DRC to allow them to play the best play-to-earn games using assets owned by Tokens.com and Hulk Labs. These assets will always remain in the custody of the Tokens.com team (via the company’s proprietary technology platform) and will be licensed to local DRC players who will receive a commission for playing the assets designated to them.
The DRC government will support this effort by providing walk-in facilities with high-quality internet availability and providing other local resources to support Hulk Labs and the gamer ecosystem.
Additionally, DRC has announced that Tokens.com, through its agreed terms, will be its exclusive play-to-win partner for the next 36 months.
Tokens.com and RDC will aim to scale this initiative to thousands of players over 5-10 matches over the next 12 months and beyond.
The Democratic Republic of the Congo is the second largest country in Africa (by area), has a population of over 92 million and is one of the fastest growing countries in the world.
Tokens.com is excited to continue to expand this relationship with the goal of building one of the largest play-to-win ecosystems in the world.
“We believe Play to Win is one of the first truly global applications of cryptocurrency – and has the potential to bring the next billion users onto the blockchain. We are excited to be working with the Democratic Republic of Congo to build a team of gamers to participate in this new and exciting economy,” commented Deven Soni, President of Hulk Labs and COO of Tokens.com.
Tokens.com Corp is a publicly traded company that invests in Web3 assets and businesses focused on Metaverse, NFTs, DeFi and gaming-based digital assets. Tokens.com is the majority owner of Metaverse Group, one of the world’s premier virtual real estate companies. Hulk Labs, a wholly owned subsidiary of Tokens.com, focuses on investing in revenue-generating gaming tokens and NFTs. Additionally, Tokens.com owns and stakes crypto assets to earn additional tokens. With its growing digital assets and NFTs, Tokens.com offers public markets investors an easy and secure way to gain exposure on Web3.
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About Hulk Laboratories
Hulk Labs is a subsidiary of Tokens.com that invests in the NFT ecosystem with a focus on play-to-earn games. The company acquires gaming tokens and NFTs and monetizes them through staking and gaming guilds.
For more information, visit https://www.hulklabs.com/.
This press release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by words such as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words reference to future events and results. Forward-looking statements are based on management’s current beliefs and expectations. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as more fully described in our securities filings available at www.sedar .com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution you not to place undue reliance thereon. We undertake no obligation to revise or update these forward-looking statements, except as required by applicable law.