Vertex Acquires Digimental Studio
For US$12 million, Vertex Labs, the company behind the 3D metaverse platform LightCycle, the Vertex Network, and the Caduceus metaverse protocol, bought the London-based digital art studio Digimental Studio, the company behind the renowned 3D NFT fashion brand HAPE. The acquisition completes Vertexlabs.uk’s portfolio as the top provider of Web3 and AI infrastructure worldwide and represents a significant turning point for the global metaverse market.
Vertexlabs.uk will launch a staking programme for its HAPE community members through its acquisition of Digimental.
The merger expands on Vertexlabs.uk’s strategic alliance with HAPE, which was established to bolster HAPE’s ecosystem by supplying a crucial infrastructure layer for Web3 projects and by incorporating tokenomics.
(With inputs from Shikha Singh)
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