See recurring rev. for $COIN
$Coinbase Global, Inc.(COIN)$ $COIN.n $SMURF announced today their subsidiary Metaverse Group signed virtual land lease agreements with Groundbreak Ventures, Renno & Co. Inc., Sophia Technologies, and Thrivo Technologies Inc.
Essentially they’re acting as virtual landlords and will see recurring rev. As well, tenants will use Metaverse Group’s development and architectural services to assist with the development of their Metaverse projects.
$COIN is now one of the first virtual landlords in the world to successfully lease out their properties. Up 1.6% today and after this news could be the first day of the climb back to that $2 + range.
The more you look at COIN it is almost like they have a monopoly developing in certain financial services. Ex. when they start offering retirement account services, it’s ridiculous the head start they will have and the “other” services that will be coming. I don’t own one share of this stock. However, it is easy to see the return of this stock to the 300s in the summer time.
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- oneXwork·2022-03-05wowLikeReport