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Even This Hydraulics Firm Takes Crypto, DeFi, NFT & Metaverse Plunge
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The Korean Stock Exchange-listed South Korean hydraulics firm Sewon E&C is in the final stages of sealing a deal with a major decentralized finance (DeFi) player over proposed crypto, non-fungible token (NFT), and metaverse collaboration.
The media outlet iNews24 reported that the company had agreed on a deal in principle with the crypto firm Delio last month and was now ready to sign on the dotted line after completing a month-long accounting-related “due diligence and legal review.”
The hydraulics provider, which was established in 1971, stated that it was preparing an “equity investment” in Delio, and was “in the process of” discussing “digital finance”-related business cooperation.
Sewon announced that it would be expanding into what it
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