Tokens.com Corp Launches Hulk Labs, Focusing on GamFi and NFT

Toronto-based publicly-traded Blockchain technology company Tokens.com Corp. has launched Hulk Labs, a platform focusing on Crypto-Play-to-Earn gaming and Non-fungible token (NFT) investment.

In addition to crypto staking and Metaverse businesses, Hulk Labs provides and monetizes investment opportunities in the gaming and NFT space for Tokens.com shareholders. Hulk Labs, a subsidiary of Tokens.com, will represent Tokens.com's new Web3 vertical, focusing on the Play-to-Earn (P2E) space.

Play-to-earn (P2E), or GameFi, is the next major opportunity for Web3 and blockchain.

P2E is a popular business model that stays in the blockchain game world that integrates both Web3 and blockchain, which corresponds to the F2P (Free to Play) model common in the real world of the game industry.

Andrew Kiguel, CEO of Tokens.com, expressed his great pleasure to enter the new Web3 vertical with an excellent team, and hoped that in addition to providing investors with crypto assets related to Metaverse, DeFi and NFT, it will also develop games, becoming "one of the only public companies to offer a complete range of Web3 exposure"

He also added that the crypto gaming industry has grown dramatically over the past two quarters, with more than 600 games and a multi-billion dollar cryptocurrency market cap.

Tokens.com is a publicly-traded company that uses shareholder capital to invest in digital assets used for crypto staking and DeFi and also provides transaction processing and validation services for various digital assets that power Decentralized Finance (DeFi) applications and Non-Fungible Token (NFT ) platforms. 

The corporation is listed on exchanges in three different countries: Canada's NEO Exchange: COIN; Germany's Frankfurt Stock Exchange: 76M; OTCQB United States: SMURF.

Earlier this month, the Professional drone racing League (DRL) joined the Metaverse world by launching its first game. A money-making crypto sports game on the Algorand blockchain in partnership with Playground Labs, a Web 3 game developer from crypto investment fund Hivemind.