Fintech Company Creates $100M Venture Arm to Invest in Web 3, NFTs, Gaming, and Fintech - Seite 2

Earlier this month, WonderFi reported a rapid increase in users on its ecosystem following the acquisitions of BitBuy and Sun Machine. The company expects to close BitBuy's acquisition in Q1 2022, bringing in 389,000 registered users to the WonderFi ecosystem.

WonderFi has also seen significant growth in its recently launched app, which launched on January 25, 2022. Since then, the company has seen 25,600 unique visits, with the daily signups recording a 255% week-over-week increase in the last week of February.

The company's WonderFi Interactive with the Go Big! Game franchise also brought an additional 200,000+ users on iOS and Android. With this growth in users on the WonderFi ecosystem, the company expects its users to be more valuable as it introduces more features and products. Currently, the estimated lifetime value of each user on a platform like BitBuy is $800.

For more information about WonderFi Technologies Inc. (NEO:WNDR) (OTC:WONDF), click here.

Companies Bolster their Investments in Crypto and DeFi

Riot Blockchain (NASDAQ:RIOT) produced 436 Bitcoin according to its February production and operation update. The company also made progress on the first phase of the deployment of its 200 MW immersion-cooled bitcoin mining tanks, bringing the company's total to more than 10,000 S19j Pro Antminers deployed in immersion cooling tanks. Following this progress, the company will monitor its immersion performance data over the next 60 days. Riot Blockchain also continued the expansion of its 400 MW project despite disruption from the severe winter storms in Texas.

BIGG Digital Assets Inc. (CSE:BIGG) (OTCQX:BBKCF) acquired 185 parcels of virtual real estate on Decentraland through its portfolio company, TerraZero. The company intends to build a premiere entertainment destination to provide immersive virtual experiences through virtual concerts, film screenings, shopping, cultural, and educational experiences. Following the purchase, Mr. Carl Fravel, a technology executive, Decentraland entrepreneur, and district leader joined BIGG as a strategic advisor to help with the metaverse strategy and execution.