Datametrex Acquires Cereal Crunch Game and Crunch Crypto Token for $3.5 Million
Datametrex AI Limited (OTCQB:DTMXF) has announced its acquisition of the mobile blockchain game Cereal Crunch from Sariel Diagnostics, including its associated assets such as the game software, intellectual property, user databases, and the Crunch Token. The acquisition is valued at $3.5 million, which will be paid through the issuance of 70,000,000 common shares of Datametrex at a deemed price of $0.05 per share. Additionally, the purchase includes a cash component of about $300,000 and Sariel’s Coinsquare account, which is essential for handling game-related cryptocurrency transactions. The Crunch Token plays a vital role in the Cereal Crunch game’s play-to-earn blockchain gaming model.
Bullish
The acquisition of mobile blockchain game Cereal Crunch by Datametrex, a company involved in AI and IT services, underscores a growing trend of tech companies venturing into the blockchain and crypto gaming sector. This move not only enhances Datametrex’s portfolio but also signals a bullish outlook for the play-to-earn model within the cryptocurrency sphere, potentially increasing interest and investment in related crypto tokens and projects. The strategic inclusion of the Crunch Token and the integration with the play-to-earn model could lead to heightened activity and demand, contributing positively to the market. Historically, significant acquisitions in the crypto space have led to increased optimism and market activity, suggesting a positive impact on market sentiment in both the short and long term.