The Singaporean company V3V Ventures has concluded a significant deal worth $3 million with Metaverse.sg, a platform known for its convenient management panel for sorting NFT projects and providing current news and research in the NFT field. This move highlights the growing popularity of Metaverse.sg in Singapore and Asia, as well as owning the global Metaverse trademark, making the purchase particularly valuable.

Research firm NFT 18 notes the high resilience of the NFT market in 2023, despite a mere 10% drop in wallets, indicating signs of recovery after the negative impact of a Rolling Stone article declaring "NFTs are dead." However, the last quarter of the year brought optimism thanks to the spread of sidechains and alternative blockchains such as Polygon, Solana, and Bitcoin, allowing NFT projects to expand across multiple networks.

Global interest in NFTs, previously mainly focused on the West, is now shifting towards Asia, Southeast Asia, and the Middle East, supported by Web3 events such as the FinTech Festival Asia, and a significant increase in investments in blockchain games in Asia.

With over 30,000 subscribers and significant influence on DeBank, where the total volume of confirmed funds reaches half a billion dollars, Metaverse SG is considered the Twitter equivalent for the cryptocurrency sphere, allowing users to view each other's balances.

The purchase of Metaverse.sg by V3V Ventures, valued at $3 million, paves the way for the development of new products and expansion in the Asian market. The entire Metaverse.sg team will remain on the project, continuing to work on its development and having the opportunity to transfer efforts to other V3V Ventures projects if necessary. The CEO of Metaverse.sg expressed optimism about the future of the company and the expansion of its news, research, and data offerings.