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XRU Fully Acquired by Southeast Asian Cryptocurrency Fund

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According to reports, the Singapore NFT sports platform XRU, established in April 2022, has been fully acquired by a Southeast Asian cryptocurrency fund, which has also participate

XRU Fully Acquired by Southeast Asian Cryptocurrency Fund

According to reports, the Singapore NFT sports platform XRU, established in April 2022, has been fully acquired by a Southeast Asian cryptocurrency fund, which has also participated in XRUN’s new round of strategic financing. However, the specific terms and amount of the acquisition transaction, as well as the information of the acquiring party, have not been publicly disclosed. XRUN has previously raised millions of dollars in financing, with investors including Bitin Capital in Singapore, BlockACE Capital, Block Patch in South Korea, Skyline Capital in the UK, etc. It is reported that after the completion of this transaction, the XRUN brand will be upgraded to FitVerse Sports Fitness Metaverse. （cryptosaurus）

Singapore NFT sports platform XRUN is fully acquired by a Southeast Asian cryptocurrency fund

Introduction

In a surprising turn of events, the Singapore NFT sports platform XRU has been fully acquired by a Southeast Asian cryptocurrency fund. The acquisition transaction details have not been publicly disclosed, but it included XRU’s new round of strategic financing. The XRU brand will be upgraded to FitVerse Sports Fitness Metaverse after the transaction completes.

XRU’s Financing History

XRU has raised millions of dollars in financing prior to the acquisition, attracting investors such as Bitin Capital in Singapore, BlockACE Capital, Block Patch in South Korea, and Skyline Capital in the UK. The successful fundraising was largely due to the platform’s unique approach to the NFT sports industry.

How XRU Disrupts the NFT Sports Industry

XRU revolutionized the NFT sports industry by creating a platform that enables sports enthusiasts to own digital collectibles that represent a variety of sports, such as football and basketball. XRU empowers creators to mint digital sports assets by providing them with marketplaces to sell their assets, allowing them to benefit from the growth of the platform.

Why the Acquisition Matters

The acquisition of XRU by a Southeast Asian cryptocurrency fund marks a significant milestone in the NFT sports industry. It demonstrates that blockchain-based sports platforms can attract significant investment and that they hold a significant future in the industry. Furthermore, the acquisition will allow XRU to further expand its reach and improve its platform by leveraging the acquiring party’s expertise and resources.

What to Expect from FitVerse Sports Fitness Metaverse

The rebranding of XRU to FitVerse Sports Fitness Metaverse will likely lead to a more expansive and vibrant platform, which will help sports enthusiasts to own and trade more sports assets with ease. The acquiring party’s institutional resources will likely help improve the platform’s performance and take full advantage of the emerging NFT sports marketplace.

Conclusion

All in all, this news of XRU’s acquisition represents a tremendous step for the NFT sports industry as it shows the industry’s potential to attract significant investment. This platform has the potential to revolutionize how we view and experience sports, and it is exciting to see what the future holds.

FAQs

#1. What is XRU?

XRU is a Singapore NFT sports platform that allows sports enthusiasts to own digital collectibles representing various sports.

#2. What does the acquisition of XRU mean for the NFT sports industry?

The acquisition of XRU by a Southeast Asian cryptocurrency fund demonstrates the potential of blockchain-based sports platforms to attract significant investment and hold a significant future in the industry.

#3. What can we expect from the rebranded FitVerse Sports Fitness Metaverse platform?

The rebranded platform is expected to see a broader and more vibrant platform, which will help sports enthusiasts own and trade more sports assets with ease. Furthermore, with the help of the acquiring party’s institutional resources, the platform’s performance is expected to improve significantly.

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