Net Savings Link, Inc., a cryptocurrency, blockchain and digital asset technology company, announced that the company has entered into a joint strategic partnership with Technicorum Holdings, diving further into the $163 billion annual global blockchain market. Technicorum Holdings, a group specializing in digital assets, is poised to enable NSAV to become more deeply entrenched in the blockchain industry. With expertise in ICO’s, IEO’s and IDO’s, and over the past year, into DeFi and NFT’s, as well as recently, GameFi, SocialFi, and the Metaverse, this strategic partnership is a great enabler for both NSAV as well as Technicorum.
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The strategic business partnership between Technicorum Holdings and Net Savings Link, Inc. allows both groups to complement each other’s strength and technical capabilities. The partnership aims to better solve existing challenges in the newly developing industries and to create new opportunities within the growing decentralized financial market. This partnership will accelerate the revenue growth of both companies while strengthening their positions as leading digital asset providers and thought leaders in the decentralized finance market and cryptocurrency space. Net Savings Link, Inc. will acquire a minority stake in Technicorum Holdings as part of the strategic partnership, with an option for an additional stake, putting Technicorum Holdings at a post-money valuation of $120 million.
DeFi has grown to over $200 billion in the past 5 years, GameFi is all the rage now, and most SocialFi projects are seeing dozens or hundreds of multiples recently. Published reports also predict that the global Metaverse market will gain a 13.1% yearly growth rate reaching $783.3 billion annually by 2024 from $478.7 billion in 2020.
Malcolm Tan, Chief Strategic Advisor of Technicorum stated, “This strategic partnership aligns the unique strengths of Technicorum Holdings and Net Savings Link, Inc., by combining our areas of expertise in the blockchain industry and digital asset management and creates a strong foundational capability to build a robust blockchain ECOsystem and reshape the financial landscape within the DeFi industry.”
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Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “We are thrilled to sign a strategic partnership with a company as diverse and successful as Technicorum Holdings and to take an equity stake makes it all the more sweet for the Company and all of our shareholders.”
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