M&A

M&A

NFT platform OpenDeFi to merge with wealth creation platform UniFarm

Press Release  

Delhi-based Web3 platform UniFarm (with native token $UFARM) is to absorb asset-backed NFT platform OpenDeFi (with native token $ORO), to access a wider audience catering to both NFT and crypto ecosystem. Founded in 2021, UniFarm is a group staking platform that allows users to maximise their returns on their tokens and allows projects with a new token to be able to grow their tokens. OpenDeFi is a platform that encourages tokenization of real-world assets, providing financial services in a decentralised mechanism. With the merger, the utility token for both companies will also merge into one with $UFARM being the sole utility token. $ORO holders will be able to claim $UFARM token at UniFarm's site.