Coinllectibles Completes US$37Million Acquisition Of Talk+ – Aims To Realise Its Ambition Of Becoming A Global Fusion NFTs Powerhouse
Metaverse Blockchain Fusion NFT company, Coinllectibles is pleased to announce that it has completed the acquisition of the messaging and crypto currency App Talk+, bringing Coinllectibles one step closer in realising its ambition of being a multi-dimensional global Fusion NFT powerhouse.
A majority stake in Talk+ is being acquired at an aggregate valuation of USD$37 million, making it the largest acquisition by Coinllectibles to date.
Commenting on the acquisition, Dr Herbert Lee, the Chairman of the Coinllectibles™️ Group said, “We are very excited that this acquisition is finally complete. I have been observing the developments in the crypto and blockchain space and I am very bullish about its long term prospects. I am keenly aware that for Coinllectibles to do well, we would need to have an ecosystem to operate in – Talk+ provides us with that. As we slowly put all the pieces together, it is my vision for Coinllectibles to be a global NFT powerhouse. Looking at how things within the company is shaping up, I am pleased to note that we are definitely on track to getting there.”
While there are already many crypto wallets available in the market, Talk+ differentiates itself by incorporating an instant messaging function into a multi-cryptocurrency wallet to become one “super” digital app. Functionally, Talk+ is able to let users conduct crypto transactions as easily as sending messages. In terms of data protection, Talk+ messages are all encrypted. This ensures that other than the intended parties, no one else will be able to access the messages within the Talk+ app. Talk+ users are also able to delete sent message, even after they have been received by the other party, thus making the messages even more secure. Talk+ is in the process of developing capabilities to store and transfer Fusion NFTs™️.
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With respect to how Talk+ will contribute to business growth for Coinllectibles™️, Toby O’Connor, CEO of Coinllectibles, commented “Talk+ provides Coinllectibles more ways to reach out and engage our users. In the new paradigm of Web 3.0, interoperability is core to engagement. The ability for our users to efficiently chat about NFT projects, transfer NFTs and make digital currency transfers to each other will directly contribute to the increased acceptance and user experience of NFTs. This is a great development and contributes to our expanding business model.”
Commenting on the acquisition, Stark Chan, CEO of Talk+ said, “I am thrilled that Talk+ is part of Coinllectibles Group, an innovative fast growing company in the Metaverse space. I am confident that Talk+ will provide Coinllectibles with greater capabilities to engage and deliver NFTS to its customer bases, which in turn will directly contribute to Talk+’s own growth trajectory.”
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