TechFlow news: Digital asset management firm ARAX Holdings Corp announced it has acquired a 20% stake in the metaverse platform The Nemesis, adding that it has the option to acquire an additional 11% of the company.
As part of the deal, The Nemesis will be deployed on Core Blockchain, a platform under ARAX's recently acquired subsidiary Core Business Holdings. ARAX separately announced the deployment of its native Core token in November. The current transaction also involves CorePass, the official wallet for Core Coin and Core Token. Under the agreement, ARAX will collaborate with The Nemesis to develop a connector for CorePass using the Unity SDK.
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