Metaverse Group has acquired Pavia, a decentralized virtual cross-chain world.
As part of this acquisition, Metaverse Group will take ownership of the Pavia Metaverse IP and its Metaverse-as-a-Service (MaaS) infrastructure.
This innovative technology empowers individuals and enterprises to create their own virtual worlds, similar to how WordPress enables website creation today.
The MaaS platform unlocks the power of user-generated metaverses, providing businesses and creators the tools to easily design and manage their own virtual environments, driving an entirely new level of engagement and interaction across the digital landscape.
Morgan and Ryan, the visionary founders of Pavia, will continue to serve as advisors to the combined company. Their wealth of experience and expertise in the metaverse space will be invaluable as Metaverse Group scales Pavia’s capabilities and offerings to a global audience.
In addition to the IP and MaaS infrastructure, Metaverse Group has also acquired Pavia’s vast portfolio of metaverse land including un-minted expansion lands and in-game NFT asset collections, including Pavs, MechPavs, un-minted 0xPavs & 0xMechs, Jet Bikes and avatar wearables.
Over the coming months, Metaverse Group plans to bring these assets to market, offering unique opportunities for users and enterprises to engage with the Pavia Metaverse.
This acquisition is a significant milestone for Pavia, as Metaverse Group is one of the largest metaverse landholders and builders worldwide. With a track record of delivering immersive experiences for renowned brands, Metaverse Group’s relationships with enterprises will further accelerate the growth and mainstream adoption of Pavia’s virtual environment.
GDA Capital, who were original co-founders of Metaverse Group, advised on the acquisition.
