Web3 solution provider Dropp strategically acquires social metaverse platform Phly for $25 million

Chain Catcher news, Web3 solution provider and platform Dropp announced a strategic acquisition of the social metaverse platform Phly, Inc. (Flyy) for $25 million. Dropp stated that this acquisition will enable Dropp Group's innovation department, droppLabs, to deploy Flyy technology to create a digital twin metaverse, MetaReality, providing users with a value-driven Web3 experience.

Flyy models real cities in a virtual 3D world, allowing connections with communities, friends, and businesses from anywhere. droppLabs is a Web3 solution provider and platform. (Source link)