08.09.2023
Coincheck to transfer part of its business to Monex Crypto Bank
08.09.2023
Glory Faleke
Contributor

​Japanese cryptocurrency exchange service Coincheck announced that it intends to transfer its metaverse business, including its OASIS operation, to Monex Crypto Bank. 

Both companies are part of the Monex Group. Monex Crypto Bank (MCB) will continue to develop the metaverse-related business in line with Coincheck's strategy. 

According to information published by FNG, Coincheck announced that the operations of the OASIS project and the OASIS COMMUNITY PASS NFT (OCP) issuer will be transferred to Monex Crypto Bank on October 2 this year. 

By managing OASIS, MCB intends to empower the web3 community, as it has sufficient expertise in web3, cryptocurrencies, and blockchain technologies. 

Since its launch, the OASIS project has facilitated collaborations with many celebrities and companies, such as arranging and hosting virtual fashion shows and live music performances. Approximately 6,000 people have joined web3's official Discord community and enjoy communicating with each other. 

The companies have already announced that, under the new governance structure, they are committed to continuing to create a valuable Web3 experience. 

Read also: OKX and Circle bring advanced USDC technology to OKX Wallet.