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NFT Platform Hodl Buys Crypto-Commerce Firm CoinLinked
HODL Assets is moving forward in its efforts to secure funding to fuel expansion of its operations.
Updated Sep 14, 2021, 1:44 p.m. Published Aug 25, 2021, 3:36 p.m.
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Hodl Assets, a marketplace for non-fungible tokens (NFTs), has acquired the crypto-commerce firm CoinLinked for an undisclosed amount.
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- Hodl said it is buying CoinLinked to "streamline the crypto-commerce process" and integrate the social aspects of the platform into its current technology.
- CoinLinked founder and CEO Jenny Ta will join the Hodl team as co-founder and chief operating officer.
- Ta will be responsible for creating partnerships and adding key features to its current technology as the two prepare to introduce Hodl's NFT platform.
- The company is also expanding its operations to Durban, South Africa, and the United States.
- Hodl is currently moving forward with efforts to secure funding and be acquired by a special purpose acquisition company (SPAC) soon after, Hodl CEO Vladimir Schutz said. "We're currently in discussions on several potential SPAC deals," he said.
Read more: Budweiser Buys Beer.eth Domain Name for 30 ETH, Rocket NFT for 8 ETH
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