Sale of blockchain, metaverse and NFT studio to Canadian-listed company
Piper Alderman advised Adam De Cata and Run It Wild, the multidisciplinary blockchain, metaverse and NFT development studio, on its sale to Canadian-listed technology company, NFT Technologies Inc. (NFT Tech).
NFT Tech develops infrastructure, assets, real estate and IP in the metaverse, build and generate revenue from P2E (play-to-earn) and M2E (move-to-earn) games, and bring insights and benefits to the public markets. It is listed on Canada’s NEO Exchange.
Run It Wild partners with brands to navigate the possibilities of Web 3.0. It specialises in art, collectibles, and gaming, with a diverse portfolio that includes blue-chip brands such as the Australian Open, Linktree and the Elvis Presley estate. The acquisition of Run It Wild, NFT Tech is expanding its NFT development and partnerships offering to leading brands and IP holders around the world seeking to create unique NFT experiences directly for consumers. The transaction complements NFT Tech’s industry-leading NFT infrastructure, investment, and play-to-earn gaming offerings.
The Piper Alderman deal team advised on various aspects of the transaction including advising and negotiating on the share sale and executive employment agreements, due diligence, and corporate and regulatory approvals in connection with the acquisition. Our experience in mergers and acquisitions enabled the team to successfully advise on the deal.