Crypto firm BIGG Digital Assets to acquire metaverse company TerraZero for about $20 million

Odaily Planet Daily News The cryptocurrency company BIGG Digital Assets will acquire all the preferred shares held by Metaverse company TerraZero, with a consideration of 62 million BIGG common shares, worth about 20 million US dollars, and the final merger agreement has been signed. After the transaction closes, existing BIGG and TerraZero shareholders will own approximately 80% and 20% of BIGG, respectively. In Q1 and Q2 of 2023, TerraZero's total revenue will be approximately US$1.5 million, a year-on-year increase of 161%. TerraZero plans to expand its commercial footprint in the second half of 2023, focusing on developing a self-developed scalable Intraverse technology ecosystem, which will be launched in Q1 of 2024. (Globe Newswire)