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The latest update is out from American Oil & Gas ( (NFTN) ).
On May 20, 2025, NFiniTi 2 Inc., a subsidiary of American Oil & Gas, completed the acquisition of Metavox Holdings LLC, a web3 initiative developing a Metaverse platform. This acquisition, which involved a share exchange agreement and a convertible promissory note, aims to diversify the company’s operations into the web3 and fintech sectors, aligning with its strategy to enhance shareholder value. The transaction allows Metavox to operate as a wholly owned subsidiary, with its management team bringing expertise in blockchain technology. The acquisition reflects American Oil & Gas’s strategic expansion into new industries while maintaining its focus on the beverage sector.
More about American Oil & Gas
American Oil & Gas is a pre-revenue operating company focused on ready-to-drink alcoholic beverages through its subsidiary, Artisan Beverages, Inc., which manufactures branded canned cocktails. The company has diversified its operations into the web3 and fintech technology sector through its newly formed subsidiary, NFiniTi 2 Inc., which serves as a holding company for Metavox Holdings LLC.
Average Trading Volume: 107,383
Technical Sentiment Signal: Strong Sell
Current Market Cap: $3.6M
See more insights into NFTN stock on TipRanks’ Stock Analysis page.