Nexxus to Acquire Majority Stake in One Store for $45.3 Million

Nexxus, the operator of blockchain-based Web3 gaming platform CROSS Protocol, has announced plans to expand its business through an acquisition. The company will acquire 20,247,990 One Store shares, representing an 89.03% stake, for about $45.3 million.

The board of Nexxus approved the purchase from sellers including SK Square, Naver, Steel Number One First, and Krafton. As part of the deal, these companies will also join Nexxus as strategic investors.

Nexxus plans to rename its mainnet 'CROSS' to 'OneChain', and its native token 'CROSS' to 'ONE' as part of an integrated brand system linked to One Store. The company aims to develop One Store into a gaming-focused platform, integrating game infrastructure including web shops, payments, community features, and rewards systems.