Dubai: Al Jabeer Technology, a subsidiary of the Al Jaber Group, has acquired Ledgerblock International Technology, it was announced in Wednesday.
The decision to acquire Ledgerblock was driven by the immense potential of the LBVV coin and its substantial user base of 500,000 members across 60 countries, the company said in a statement. Al Jabeer aims to leverage this acquisition to bring the latest advancements in blockchain technology to a broader audience.
As part of the restructuring process, the previous management team of Ledgerblock will step aside, enabling Al Jabeer to transition the organization towards a decentralized autonomous organization (DAO) model.
This acquisition marks a significant milestone for Al Jabeer, signifying a substantial investment in blockchain technology and the potential of the LBVV coin.
“I am excited about the new ownership taking over as it brings fresh ideas and perspectives that can further propel our growth and success in the market,” said Captain Mohd Ikhwanul Shafiq, Marketing Director, Ledgerblock
Ledgerblock recently launched its official coin, LBVV coin, which is currently valued at USDT 0.33 cents. LBVV coin can be obtained through various cryptocurrency exchanges, with Pancake Swap being the current provider.
LBVV coin is now listed on Coin Market Cap, providing transparent price tracking, and white papers can be accessed at Ledgerblock.io. Additionally, it offers an NFT Marketplace where collectors can purchase and collect their desired NFTs.
