Vancouver-based startup CocoNFT, which provides an NFT minting platform for social media posts, has been acquired by Tokens.com’s metaverse subsidiary.

Metaverse Group, a subsidiary of Tokens.com, announced Tuesday that it has acquired Coco to advance the latter’s offering and integrate it with Metaverse’s virtual world B2B products.

NFT sales have fallen to a 16-month low.

Founded in 2019 as a joint venture between GDA Capital Corporation and Wolfest Woods, Metaverse consists of several companies focused on different areas of the metaverse industry, including real estate development, metaverse capital markets, and other related services.

Metaverse, which has its…