StoryFire, Inc. entered into a definitive agreement to acquire Metaverse Group Ltd and Hulk Labs Corp from Tokens.com Corp. (OTCPK:SMUR.F) for $4 million.

StoryFire, Inc. entered into a definitive agreement to acquire Metaverse Group Ltd and Hulk Labs Corp from Tokens.com Corp. (OTCPK:SMUR.F) for $4 million on January 29, 2024.As part of the consideration to Tokens.com for the disposition consists of a 15.3% equity interest in StoryFire, valued at $3.5 million, plus $0.5 million in Blaze tokens, the in-app currency native to StoryFire. The transaction with StoryFire has been approved by the board of directors and the independent committee of Tokens.com, as well as the board of StoryFire.

The transaction is scheduled to close on March 1st, 2024.