- Blockchain-based metaverse project ExoWorlds finalizes acquisition of VeChain powered NFT marketplace VeSea, aiming to enrich the blockchain ecosystem, particularly in the VeChain and NFT domains.
- The acquisition plans involve the seamless integration of VeSea into the ExoWorlds metaverse, paving the way for a unified marketplace and offering $VSEA token holders the ability to swap tokens for ExoWorlds’ native token, $EXO.
In a significant development within the blockchain and metaverse space, ExoWorlds, a blockchain-rooted metaverse project, has successfully completed the acquisition of VeSea. VeSea is a prominent Non-Fungible Token (NFT) marketplace developed on the VeChain platform.
Merging Worlds for a Unified Blockchain Ecosystem
This acquisition involves VeSea’s anticipated NFT collections, specifically VeKings and NFTPP, while ExoWorlds itself hosts a diverse range of NFTs. The principal objective behind this strategic acquisition is to bring about a comprehensive reshaping of the blockchain ecosystem, with a pointed focus on VeChain and NFT sectors. This initiative will effectively broaden community access to a multitude of opportunities for active participation within the Metaverse.
Maintaining continuity during this transition period, the existing VeSea team will retain their roles, taking charge of the daily operations. As per the terms of this agreement, VeSea will retain its unique branding and will function as an independent entity within the ExoWorlds ecosystem.
With this acquisition, ExoWorlds is keen to utilize its expertise to elevate VeSea’s Launchpad. The aim is to develop services concerning bridging, minting, and staking for interconnected users. The ultimate vision involves the seamless integration of VeSea into the ExoWorlds metaverse, thereby creating a unified marketplace.
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ExoWorlds also plans to open avenues for $VSEA token holders to perform token swaps, allowing them to convert their tokens into $EXO, ExoWorlds’ native token. In the present context, both VeKings and NFTPP collections will qualify to participate in staking $GCRED, alongside ExoWorlds’ native collection.
Moreover, ExoWorlds’ innovative play-and-earn system will be smoothly incorporated into the VeKings and NFTPP collections. Following successful implementation, owners of collections like VeKings, NFTPP, and ExoWorlds will be eligible for rewards. Moreover, when fully operational, those associated with VeKings utilizing NFTPP will enjoy certain tax benefits. These taxes will apply to individuals using the services without owning any collections, leading to a reduction in their Play and Earn rewards as part of these will be redirected to the tax pool.
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