Net saving link (OTCMKTS:NSAV) shares rise on Friday after the company announced a new deal with Metaverse Network.
Let’s take a look at this news below to see what it means for NSAV stockholders.
- Net Saving Link has agreed to acquire a 10% stake in Metaverse Network.
- Both companies are part of the crypto industry with blockchain at their core.
- In the case of Metaverse Network, it operates the BQEX exchange.
- This crypto exchange currently has some 4 million registered users.
- Net Saving Link says the investment boosts its Metaverse market presence by $500 million.
- He also points out that Metaverse Network is looking to go public soon.
- The company intends to list on the New York Stock Exchange during the first quarter of 2022.
- When this happens, it is possible that NSAV will see its investment in Metaverse Network shares increase in value.
- The two companies also reached an NFT agreement earlier this week.
- This led them to collaborate to launch a pioneering NFT with NSAV securing between 5% and 7.5% of the tokens.
- More news on this deal should be released in the near future.
WY Cheung, CEO of Metaverse Network, had the following to say about the deal that drove NSAV stock higher today!
“We are delighted to work with the management of NSAV. They know the blockchain very well and their vision has always enlightened me. We are very impressed with the advanced technical capability of the NSAV team.
NSAV stock is up 7.7% on Friday morning.
Investors looking for more crypto and stock stories will want to keep reading!
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As of the date of publication, William White had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.
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