As per the latest reports, Infinite Asses, mainly known as InfiniteWorld has made a huge announcement for the entire metaverse community. InfiniteWorld, a major infrastructure platform has announced that it is in the process of going for a public launch.
The platform has announced that it is in the process of making a public debut. However, the company won’t be doing with a direct listing. Instead, InfiniteWorld is going to make a public debut following a merger with Aries I Acquisition Corp. Aries I Acquisition Corp is a special purpose acquisition company (SPAC). It will be helping InfiniteWorld make a public debut and offer stock to its investors as well as the mainstream community.
Both companies have revealed that following the merger, the overall valuation will be $700 million. The firms have revealed that they are looking forward to getting the approval to go public through the NASDAQ Stock Exchange. On NASDAQ, they plan on trading with a trading ticker “JPG”.
The announcement in regards to the merger and a public debut was made by InfiniteWorld on Monday, December 13, 2021. The firms have revealed that they already have the deal underway. They have scheduled that the deal between the firms will be finalized by the end of the second quarter of 2022.
InfiniteWorld has gained a lot of popularity and recognition in the metaverse and nonfungible tokens sector. The firm helps brand companies to create their own nonfungible tokens and other kinds of digital assets to interact with the crypto-blockchain world.
So far, many brand companies have collaborated with InfiniteWorld in order to develop fan tokens and nonfungible tokens for their fans. As of now, InfiniteWorld has partnered with over 75 brands and creators.
At present, InfiniteWorld has a strong partnership with DreamView. DreamView has been founded by the teams that have developed and enhanced CGI technologies for Disney and Lucasfilm.
One of the major entities from the metaverse setting foot into the public market is a huge milestone for the entire cryptocurrency sector. Among the rest of the sectors, the metaverse sector within the crypto-verse is going to benefit a lot from InfiniteWorld’s move.
The metaverse industry is currently among the fastest-growing sectors within the crypto-verse. As of now, its overall valuation is over $35.87 billion, with an average daily trading volume worth over $4.8 billion.
With one of the major entities from the crypto-verse making a public debut, the metaverse is bound to gain a lot of success and prominence across the globe. Even the metaverse sector will be able to gain mainstream adoption with InfiniteWorld making a public debut.