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TerraZero Announces PlayStar Casino Intraverse Activation
Globenewswire· 2025-06-23 12:30
Core Insights - BIGG Digital Assets Inc. has launched a publicly accessible PlayStar activation within the Intraverse, enhancing its immersive virtual platform that connects artists, fans, and brands [1][2] - The activation allows users to enter a virtual PlayStar Casino space and sign up to play, generating revenue for the company through verified account sign-ups [2] - Several music artists are preparing to launch campaigns in the Intraverse, creating interconnected experiences that can drive organic traffic to the company's other offerings [3] Company Overview - BIGG Digital Assets operates across three segments: immersive metaverse experiences (TerraZero), a secure cryptocurrency trading platform (Netcoins), and advanced blockchain technology solutions (Blockchain Intelligence Group) [6] - TerraZero Technologies focuses on developing immersive experiences in the metaverse, offering brands digital real estate and private worlds for engagement [7] - Blockchain Intelligence Group specializes in digital asset forensics and anti-money laundering detection, providing risk management and due diligence services [8] - Netcoins facilitates secure crypto trading in Canada and the USA, offering over 50 assets and various trading options [9] Product Features - Users in the Intraverse receive customizable virtual apartments, allowing them to personalize their space with media and themes based on music genres [4] - The ongoing artist activations in the Intraverse are designed to enhance digital engagement and awareness of the platform [4] - The company encourages artists, brands, and creators to connect and expand their virtual presence through the Intraverse [5]
BIGG, Netcoins make Strategic Investment in APX Lending
Globenewswire· 2025-05-13 12:30
Core Insights - BIGG Digital Assets Inc. has made a strategic investment in APX Lending and formed a partnership with Netcoins to enhance crypto-backed lending services [1][3][7] Company Overview - BIGG Digital Assets Inc. operates in the digital assets space, owning Netcoins, Blockchain Intelligence Group, and TerraZero, and aims to create a safe, compliant, and regulated environment for cryptocurrency [1][5] - APX Lending is a crypto-backed lending platform that provides instant liquidity to borrowers while ensuring compliance and security, allowing users to leverage their digital assets without selling them [4][7] Market Potential - The global crypto-backed lending market is projected to exceed $45 billion by 2030, indicating significant growth opportunities for companies involved in this sector [3] Strategic Developments - The partnership between Netcoins and APX Lending aims to expand crypto-backed lending in Canada and the U.S., with coordinated go-to-market efforts planned throughout 2025 [3][7] - APX Lending has received Exemptive Relief from the Canadian Securities Administrators, marking a significant regulatory milestone for crypto-backed lending in Canada [7] Leadership Insights - Netcoins CEO Fraser Matthews emphasized the importance of being at the forefront of crypto lending access for clients, while APX Lending's CEO Andrei Poliakov highlighted the strong demand for compliant and regulated lending solutions [3]
Netcoins Canada Provides Q1 2025 Results
Globenewswire· 2025-05-06 12:30
Core Viewpoint - BIGG Digital Assets Inc. reports strong preliminary financial guidance for Netcoins' Canadian operations in Q1 2025, highlighting profitability and growth in trading volume and revenue compared to the previous year [1][4]. Financial Performance - Q1 2025 trading volume reached approximately $334 million, a 26% increase from Q1 2024's $265 million [6]. - Total expected trading and staking revenue for Q1 2025 is $3.3 million, up 6% from $3.1 million in Q1 2024 [6]. - Operating expenses decreased to roughly $2.1 million in Q1 2025 from $2.6 million in Q1 2024 [6]. - Net loss for Q1 2025 was approximately $676,000, influenced by unrealized losses of $2.05 million on crypto inventory due to price declines [6]. - Normalized income for Q1 2025 was $1.38 million, compared to $239,000 in Q1 2024 when adjusted for unrealized gains or losses [6]. Asset Growth - Netcoins' cash and digital assets valued at approximately $16.9 million as of March 31, 2025, representing a 114% increase from $7.9 million a year earlier [6]. - Assets under Custody (AUC) increased to $168 million as of March 31, 2025, up approximately 92% from $87.4 million in the previous year [6]. Strategic Developments - Netcoins became an Alliance Partner with Circle (USDC), marking it as the first Canadian Crypto Trading Platform (CTP) to join the program [6]. - The company launched an updated version of the Netcoins Web Application, featuring TradingView and a new design [6]. - Eight new coins were added for trading, including Sonic, Fetch AI, and Floki [6].