TerraZero Technologies raises C$9.8m in funding from Bigg

TerraZero Technologies, a Vancouver-based, vertically integrated metaverse technology company, has secured C$9.8 million in growth financing.

TerraZero Technologies, a Vancouver-based, vertically integrated metaverse technology company, has secured C$9.8 million in growth financing. The investment was made by Bigg Digital Assets, the owner of online cryptocurrency brokerage Netcoins. Bigg has the right to nominate one person to TerraZero’s board.

PRESS RELEASE

TORONTO, Feb. 10, 2022 /CNW/ – TerraZero Technologies Inc. (“TerraZero” or the “Company”), a vertically integrated Metaverse technology company, is pleased to announce it has received a $9.8 million strategic investment from BIGG Digital Assets Inc. (“BIGG”) (CSE: BIGG; OTCQX: BBKCF). BIGG is the owner of Netcoins (Netcoins.ca) the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and owner of Blockchain Intelligence Group (blockchaingroup.io) a leading developer of blockchain technology search, risk-scoring and data analytics solutions. In connection with the investment into TerraZero, BIGG has the right to appoint one person to TerraZero’s board of directors, expected to be Lance Morginn, President of BIGG.

Dan Reitzik, CEO of TerraZero stated that “We are thrilled to welcome BIGG as a major shareholder in TerraZero. Mr. Binns and his team support our vision, and with their investment, we can accelerate the launch of our proprietary technologies, and continue the growth of our business supporting clients in their quest to enter the Metaverse economy in a meaningful way. With this investment, we are well equipped to implement our entire growth plan focusing on both a variety of new major client projects on the one hand and the development and launch of our own Metaverse platforms and solutions designed to service the rapidly growing Metaverse industry in the next several years on the other.”
TerraZero was advised on the transaction by PI Financial Corp.

About TerraZero Technologies Inc.
TerraZero Technologies Inc. (“TerraZero”) was founded by cryptocurrency and blockchain pioneer Dan Reitzik. TerraZero is a vertically integrated Metaverse development group and leading Web 3.0 technology company specializing in the Metaverse space. The Company’s Metaverse agnostic vision is to develop, acquire, and finance the Metaverse’s most promising companies, entrepreneurs, and developers, while creating solutions to further enhance the Metaverse usability for greater community engagement within the Metaverse, and to connect the real world to the Metaverse, for the creation of new economies and user experiences that will shape the future of Web 3.0. TerraZero also owns digital real estate and provides offices and services to those interested in the Metaverse. Furthermore, TerraZero acquires, designs, builds, and operates virtual assets and solutions to monetize the Metaverse ecosystem. The Company’s businesses are segmented into five (5) divisions which include: (1) virtual real estate; (2) advertising; (3) data analytics; (4) events and marketing; and (5) infrastructure. TerraZero aims to support the community, foster innovation, and drive adoption. For more information, please visit www.terrazero.com.