Hyderabad: String Metaverse Limited, a prominent Web 3.0 company, revealed its financial performance for the initial quarter of FY 2025, stating a total revenue of Rs 50.02 crores and a profit after tax (PAT) of Rs 5.38 crores. After merging with Bio Green Papers Limited, String Metaverse has solidified its position, with a consolidated revenue of Rs 151.21 crores and a PAT of Rs 10.82 crores for FY 2024, as approved by the National Company Law Tribunal (NCLT).
With the support of Spacenet Enterprises LTD, String Metaverse is set to be the first Web 3.0 company to be listed on the BSE main board. Having established global headquarters in Gift City, Hyderabad, UAE, and HongKong, the company is strategically positioned for expansion.
Krishna Mohan Meenavalli, the Founder of String Metaverse Ltd, expressed excitement over the Q1 results, highlighting the successful combination and potential for growth of the merged company. "In the Attention Economy, where online engagement is incentivized, we believe we can achieve a CAGR of 100 pc growth over the next 3 years."
Metaverse String is leading the charge in the revolution of Web 3.0, allowing decentralized communities and giving users the ability to share, create, and conduct transactions on the internet. The company is in a strong position for exponential growth, as the global market cap of disruptive technologies is predicted to increase from $19 trillion to $220 trillion by 2030.
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