7 months ago

String Metaverse Launches Tokenization Platform Amid Tripled Revenue

String Metaverse Launches Tokenization Platform Amid Tripled Revenue
String Metaverse Rolls Out Tokenization Platform as Revenue and Profits Triple · theprint.in

String Metaverse, a company that works with digital technologies, has launched a new platform that turns real-world things into digital tokens.

This helps people trade and own parts of these things more easily.

The company also shared its financial results, showing that it made much more money and profit compared to last year.

This growth happened because more people are using their services to trade and settle transactions using blockchain technology.

The company processed a lot of trading for things like stocks of big companies and products linked to gold and other indices.

They plan to keep growing their services and helping more people use their platform.

Key facts

Company
String Metaverse Ltd (BSE: META)
Revenue Growth (9 months)
₹711.13 crore (up from ₹254.16 crore)
Profit After Tax (9 months)
₹67.82 crore (up from ₹22.34 crore)
December Quarter Revenue
₹278.79 crore
December Quarter Profit After Tax
₹27.89 crore
On-Chain Trading Volume (Q4)
$8.93 million
Blockchain Used
Solana
Decentralized Exchange
Raydium
Global Users
5 million+

Quotes

Ganesh Meenavalli

Managing Director of String Metaverse

“We don’t monetize volatility. We monetize order flow.”
theprint.in

Sources

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