One World Universe Inc. (OTCMKTS:OWUV) soared 250% last week after the company announced the establishment of a new subsidiary called Meta Universe Holding Corp, encompassing all metaverse-related programs.
Trading Data
On Friday, OWUV stock fell 12.50% to $0.1550 with more than 19.37 million shares, compared to its average volume of 2.58 million shares. The stock has moved within a range of $0.1325 – 0.1975 after opening trading at $0.1850.
Major Trigger
As an accelerator and incubator, the company’s leadership thinks that this new industry market is diversified adequately for the creation of a different holdings company, including various metaverse related services, products, and assets. Already the company has acquired LAND within “The Sandbox,” and it plans to buy additional property in the Sandbox and the famous “Decentraland” metaverse universe.
Notably, Sandbox is a community-focused platform that enables creators to monetize gaming experiences and voxel assets on the blockchain. Also, Sandbox metaverse includes a map comprising 166,464 LANDS. For LAND owners they will be able to host events and contests, monetize experiences and assets, stake SAND to customize and earn assets, vote on the governance of metaverse, play games, and many more. Therefore, in the coming weeks, investors should keep an eye on OWUV.
Technical Data
OWUV stock is trading above the 20-Day and 50-Day Moving averages of $0.06 and $0.04 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.03. The stock is up 715% in the past month.
