MultiMetaVerse, an animation and leisure firm serving younger customers in China, introduced on January 12 that it has entered right into a non-binding letter of intent with Orient TM Ruibo to purchase a 72.81% fairness stake in Taomee, an interactive leisure group.
Founded in 2007, Taomee has obtained well-received unique manufacturers together with “Mole’s World,” “Seer” and “Flower Angel.” Taomee offers quite a lot of digital content material and leisure experiences through internet video games, cell video games and on-line broadcast animations, in addition to by way of conventional channels, together with animated field workplace movies, TV sequence, books, and client merchandise, most notably toys and buying and selling playing cards. Taomee has launched over 10 movies and over 800 animated episodes.
Taomee was listed on the New York Stock Exchange in 2011. In 2016, it was taken personal by Orient TM Parent Limited and sure administration workers of Taomee, at which level it turned a wholly-owned subsidiary of Orient TM Parent Limited.
MultiMetaVerse is an animation and leisure firm, commencing animation manufacturing in 2015 underneath its signature Aotu World model, which has attracted a broad following with its inspiring storyline and distinctive graphic type, notably amongst youthful audiences in China. The firm has constructed a various product portfolio, together with animated content material, comedian books, quick movies, collectibles, stationery, client merchandise, and cell video games throughout the Aotu World model. It lately merged with Model Performance Acquisition Corp. to listing on Nasdaq.
In 2021, Alex Xu, the previous CEO of Leyou Technologies, turned chairman and CEO of the merged listed firm. Xu is a senior entrepreneur in the sphere of video games and a pioneer of metaverse merchandise. He has served because the president of Qihoo 360’s sport enterprise line, CBO of Perfect World, and Strategic Investment Director of Giant Network Group Co.
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MultiMetaVerse seized the chance of going public by began its metaverse enterprise, saying that it’s going to additional construct the PUGC collaboration platform and introduce AI instruments to serve PUGC writers, with the aim of offering diversified digital leisure content material to international customers and constructing an open and immersive leisure world. Previously, Aotu World launched an NFT undertaking named AotuNFT. 4,483 NFTs had been launched with a price ticket of about 0.25 ETH.
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