[Asia Economy Reporter Hyungsoo Park] Me2on announced on the 3rd that its subsidiary Me2zen has acquired a 51.0% stake in blockchain specialist company Sand Square, making it a subsidiary.
The Me2on Group will leverage Sand Square's blockchain technology to pursue synergistic business opportunities in the NFT and P2E game sectors.
Sand Square operates the blockchain mainnet platform FLETA. FLETA is a customized multi-blockchain platform that offers a new consensus model called 'PoF (Proof of Formulation)', which generates blocks based on a designated order through block mining consensus, provides an easy development environment for DApp developers, and a convenient user experience. FLETA is currently listed on domestic exchanges such as Bithumb and Coinone, as well as global exchanges including Bittrex and Digifinex.
In the first quarter of this year, Sand Square plans to release 'FLETA Mainnet 2.0', featuring updates such as an average speed exceeding 9,000 TPS (Transaction Per Second), Formulator NFTs, and DApp token onboarding, along with its own decentralized exchange 'FLETA DEX'. Sand Square will change its corporate name to 'MEVerse Labs'. The FLETA Mainnet 2.0 platform will be renamed 'MEVerse'.
Me2zen will further enhance Me2on Group's metaverse blockchain platform 'MEVerse' and sequentially launch NFT and P2E games including the casual strategy battle game 'Pocket Battles', the casual card game 'Solitaire', and the strategic TPS game 'Rift Sweeper' by its subsidiary Joffsoft. The company plans to continuously expand the MEVerse ecosystem through onboarding and multi-chain games in collaboration with various game companies.
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