XRU Acquired by Southeast Asian Cryptocurrency Fund, Set to Become FitVerse Sports Fitness Metaverse

According to reports, the Singapore NFT sports platform XRU, established in April 2022, has been fully acquired by a Southeast Asian cryptocurrency fund, which has also participated in XRUN’s new round of strategic financing. However, the specific terms and amount of the acquisition transaction, as well as the information of the acquiring party, have not been publicly disclosed. XRUN has previously raised millions of dollars in financing, with investors including Bitin Capital in Singapore, BlockACE Capital, Block Patch in South Korea, Skyline Capital in the UK, etc. It is reported that after the completion of this transaction, the XRUN brand will be upgraded to FitVerse Sports Fitness Metaverse. （cryptosaurus）

Singapore NFT sports platform XRUN is fully acquired by a Southeast Asian cryptocurrency fund

In April 2022, the Singapore-based NFT sports platform XRU was founded with a mission to merge sports and gaming in a decentralized manner. Since then, XRU has raised millions of dollars in funding from investors all over the world, including Bitin Capital and Skyline Capital.
It’s been reported that XRU has been fully acquired by a Southeast Asian cryptocurrency fund, but the specific terms of the acquisition have not been disclosed to the public. The acquiring party’s identity is also unknown at this time. However, XRU’s latest round of financing saw participation from the new owner as well, indicating a shift for the platform.
After the acquisition transaction, XRU will reportedly undergo a brand upgrade and become FitVerse Sports Fitness Metaverse. Here’s what we know so far about this significant development in the cryptocurrency and sports world.

What is XRU?

XRU is an NFT sports platform that aims to merge sports and gaming in a decentralized manner. The platform leverages blockchain technology to offer a unique experience to its users. XRU minted NFTs for sports enthusiasts to buy and sell equipment, tickets, and experiences related to their favorite sports teams and games.
XRU also partnered with various sports leagues and clubs to enhance its functionality and offer its users more opportunities to engage with sports on the platform. As a result, XRU has grown in popularity in the sports and crypto communities.

XRU’s Financing Journey

XRU has been the beneficiary of various rounds of funding since its inception. In the summer of 2022, BlockACE Capital led XRU’s seed funding round, which raised $3.5 million. XRU also conducted an Initial DEX Offering (IDO) on various decentralized exchanges in August 2022, raising additional funds.
Later in the same month, XRU’s Series A funding round saw participation from investors such as Skyline Capital and Block Patch. The company raised $10 million in this round, enabling it to expand its user base and make strategic partnerships.

XRU’s Acquisition

According to reports, a Southeast Asian cryptocurrency fund has acquired XRU in its entirety. While the specific terms of the acquisition have not been publicly disclosed, it is clear that the new owner is interested in XRU’s vision of merging sports and gaming in a decentralized manner.
The acquisition amounts to a significant shift for XRU, as it will undergo a brand upgrade after the transaction is complete. As FitVerse Sports Fitness Metaverse, the platform aims to offer users an enhanced and interactive experience, as well as provide more opportunities for sports teams and leagues, like fitness and wellness events.

The Future of XRU as FitVerse Sports Fitness Metaverse

As XRU transitions to FitVerse Sports Fitness Metaverse, the platform is likely to undergo significant changes. FitVerse aims to offer a more immersive and interactive experience, as well as provide more opportunities for sports enthusiasts to engage with their favorite teams.
The transition to FitVerse also opens up new avenues for XRU’s users to explore. The platform may offer fitness and wellness-related NFTs, virtual reality experiences, and even the opportunity to engage with athletes and coaches directly. FitVerse Sports Fitness Metaverse will connect sports and gaming in a revolutionary new way and has the potential to redefine our relationship with physical activity.

Conclusion

The acquisition of XRU by a Southeast Asian cryptocurrency fund is a significant development in the sports and crypto world. The platform’s brand upgrade to FitVerse Sports Fitness Metaverse sets the stage for a new era of interactive, sports-focused NFT experiences.
We’re excited to see how FitVerse evolves and impacts the sports and gaming industry in the years to come.

FAQs

1. What is XRU’s mission as a platform?
XRU aims to merge sports and gaming in a decentralized manner by leveraging NFTs and blockchain technology.
2. Which cryptocurrency fund has acquired XRU?
The specific identity of the acquiring party has not been publicly disclosed.
3. What changes can we expect from XRU after the acquisition and brand upgrade?
XRU will transition to FitVerse Sports Fitness Metaverse and offer more opportunities for sports enthusiasts to engage with teams, as well as explore wellness and fitness-related NFTs and virtual experiences.