NFT platform HODL Assets acquires crypto commerce firm CoinLinked
The acquisition will see CoinLinked’s Jenny Q Ta join HODL Assets as co-founder and COO
HODL Assets, a non-fungible token (NFT) aggregator platform, has announced the acquisition of CoinLinked, a blockchain-based social network and commerce platform, for an undisclosed amount.
As part of the acquisition, CoinLinked founder and CEO Jenny Q Ta will join the HODL Assets team as co-founder and chief operating officer (COO).
In a statement, HODL Assets said: “The move to join forces with Ta will create a strategic partnership that will help the company make the most of its CoinLinked acquisition, adding key features to its current technology as the partners prepare to introduce HODL’s revolutionary NFT platform and marketplace to the wider world.”
HODL Assets to launch NFT platform
The platform’s launch, which has coincided with the acquisition of CoinLinked, has given HODL Assets a competitive edge over rival NFT companies.
HODL Assets will be the first platform to support multiple blockchains – not just those that use the Ethereum blockchain.
Additionally, the company will not charge initial contract, listing or auction settlement fees. Instead, HODL Assets will charge users a minting fee.
Also, the “HODL platform is the first NFT marketplace to offer gaming and social networking components as part of its NFT ecosystem”.
HODL Assets said: “Ta is a veteran of the trading world, has extensive experience with both traditional securities and cryptocurrencies, is a seasoned entrepreneur with two highly successful full-service brokerages/investment banking firms and, more recently, two modern tech companies (VC Network and CoinLinked) to her credit.”
Ta was founder and CEO of Titan Securities, a full-service broker-dealer and investment banking firm, as well as Vantage Investments, another full-service broker-dealer and investment banking firm.
‘Thrilled and honoured’
Vladimir Schutz, co-founder of HODL Assets, said: “We couldn't be more thrilled and honoured that Jenny has decided to join our project. Her background in our industry is both broad and varied, and we're convinced that her track record of success in every venture she’s pursued will help take HODL Assets to the next level.
“As we move forward with our immediate plans to secure our Series A round and roll into a special purpose acquisition company (SPAC) soon thereafter, we’re confident that we’ve found the right fit in CoinLinked and in Jenny for our co-founder and COO. We’re currently in discussions on several potential SPAC deals.”
As co-founder and COO of HODL Assets, Ta will also head the company’s move from Durban in South Africa to San Francisco, California, in the US.