Metaverse is a place that allows people to work, socialize and play online. Facebook (NASDAQ) could be the leading company in this area. As with any industry that is transforming, it’s rare for one company to rise above the rest. Wolf3D was one of the companies that raised $1.3 Million for Ready Player Me. Ready Player Me is a metaverse-based avatar platform. MetaLaunch (ASVA), which received $3.2 million from seed funding, and private investments, was also funded. And that’s not all. Crunchbase reports that venture capitalists are expected to spend more money to create the metaverse. DeFi companies such as DeFi could reap the benefits of this new version of the internet. WonderFi Technologies (NEO:WNDR) (OTCPK:WONDF),DeFi Technologies Inc. (NEO:DEFI) (OTCPK:DEFTF), Voyager Digital (TSX:VOYG) (OTCQX:VYGVF), Coinbase Global (NASDAQ:NASDAQ 🙂 Hive Blockchain Technologies Ltd. (NASDAQ:HVBT), (TSXV;HIVE), due to the Metaverse tokens, (MANA and GALA, etc.The new digital currencies are primarily transacted through DeFi infrastructure.

DeFi technology company WonderFi Technologies (NEO:WNDR) (OTC:WONDF) just made a huge step toward democratizing finance through easy and secure access to DeFi and crypto after signing a definitive agreement to acquire First Ledger Corp., the parent company of Bitbuy, Canada’s first approved crypto marketplace with over $4.4 billion transacted.

Bitbuy was founded in 2016. It is the leading cryptocurrency platform that was launched in 2016. Bitbuy has over 350,000 registered users and processed more than $4.4 Billion in transactions. The platform also generated more than $32.0 M in revenue in the fiscal year ending September 30, 2021. In November 2021, Bitbuy became Canada’s first crypto marketplace. According to the Deloitte Technology Fast 50, it was ranked 9th.

This acquisition is a boon. WonderFiIt is closer to its mission of decentralizing finance through easy, secure access to DeFi/crypto. The acquisition creates new revenue streams. WonderFiAs an OTC trading platform and a crypto market for institutional and retail clients.

The acquisition WonderFi will also gain Bitbuy’s users and more than $440 million assets from Bitbuy, in addition to owning the license and operating rights of Canada’s first crypto marketplace. Existing Bitbuy customers will be able to access the WonderFiAdditionally, the ecosystem and its functionalities.

WonderFi will also expand its team by retaining Bitbuy’s employees upon closing the acquisition, which is expected sometime in Q1 2022.

Referring to the partnership: investor and strategic adviser WonderFi, Kevin O’Leary said,

“This combination of two management groups with exceptional executional skills has now the bandwidth, assets and licenses to deliver an institutional-grade compliant Crypto platform to investors looking for exposure to central and decentralized financial service.”
Additionally, WonderFi Technologies (NEO:WNDR) (OTC:WONDF) The listing of tokenized shares at FTX was announced November 24th, 2021 by Sam Bankman Fried (a highly-respected entrepreneur who is on Forbes’ 30 under 30 list). This listing on FTX provides global access. WonderFi’s stock, it also provides FTX’s millions of users with the opportunity to invest in WonderFi BTC and ETH can all be transferred without a bank card.

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