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TICKERS: SMURF

Investor in Digital Assets Buys 40 Plots of Virtual Land
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"Tokens.com provides public investors an easy and secure way to get exposure to the most exciting and fastest growing sectors in crypto," noted a Noble Capital Markets report.

Tokens.com Corp. (SMURF:OTCQB) acquired 40 pieces of virtual land through its virtual real estate subsidiary Metaverse Group, reported Joe Gomes, a Noble Capital Markets analyst, in an April 11 research note.

Tokens.com invests in digital assets linked to Web 3.0, the Metaverse, gaming, Play to Earn (P2E), and more. The company stakes tokens, currently Ethereum, Polkadot, Solana, Oasis, Terra, and Shiba Inu cryptocurrencies, which developers use to create and operate decentralized finance (DeFi) applications and nonfungible tokens (NFTs).

By investing in Tokens.com, Gomes pointed out, the public can get exposure to Web 3.0 and its various components, "the most exciting and fastest growing sectors in crypto," Gomes noted. "Tokens.com is at the leading edge of the next 'big thing' in the digital age and, as such, presents investors with a favorable risk/reward opportunity."

As for Tokens.com's recent virtual real estate acquisitions, Metaverse Group bought the plots from the virtual world, SuperWorld, Gomes explained. In this realm, or through this platform, in which Earth is digitally mapped and plotted, users can buy, sell and collect plots as nonfungible token virtual real estate.

Each piece of land in SuperWorld corresponds to an existing one in the physical world, and includes landmarks and companies. As such, Tokens.com's newly purchased plots include the Pelican Hotel in Miami Beach, the Louis Vuitton store in Las Vegas and the Eden Gallery in Manhattan.

Now, Metaverse Group owns about 300 virtual real estate parcels in six different metaverses, so it can generate rental income from them, Gomes relayed. Earlier in the year, Metaverse Group and SuperWorld formed a partnership to buy virtual land parcels to use to promote upcoming creative projects and events that Metaverse Group hosts. One such happening was a recent digital fashion show put on in Tokens.com's Fashion District Estate in Decentraland.

Token.com's recent virtual land grab via Metaverse Group is part of the company's strategy to assemble a portfolio of diverse real estate in various virtual worlds, "which we believe," Gomes wrote, "can be a boon for the company through the use of events like their recent fashion show."

Accordingly, Tokens.com is expected to continue acquiring virtual land, either from SuperWorld or other virtual worlds, wrote Gomes.

Noble has an Outperform rating and a $1.50 per share target price on Tokens.com, the current share price of which is around $0.69.


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