Zagreb, Croatia – On November 20, 2021, the signing ceremony of the strategic cooperation between Metaverse World and GT Insurance Group was held at Dvorac Gjalski in Croatia. Mr. Mario Rendulic, Chairman of Metaverse World, and Dr. Paul Zhang, Chairman of GT Insurance Group, respectively signed the strategic cooperation agreement on behalf of both parties.
Mr. Mario Rendulic, Chairman of Metaverse World (right) and Dr. Paul Zhang, Chairman of GT Insurance Group (left)
The guests attending the signing ceremony included the Vice President of the Provincial Assembly of the Rhodia Democratic Alliance, the Assistant to the Prime Minister, the Mayor of Tito’s former residence, the President of the Metaverse Blockchain Association, and the initiators of the Metaverse World.
GT Insurance Group is an international insurance group with 80 years of development history and has established branches in many countries around the world. GT Insurance has established a strong influence globally through asset management, trusts, funds, digital private banking and insurance businesses. GT Insurance has strengthened its global brand awareness by expanding its core products and capabilities to the global market. GT Insurance is a professional insurance company with a full license, adapting to any type of insurance. Around the world, GT Insurance provides digital insurance products through third-party distributors such as agents, banks and brokers. GT Insurance is the world’s first group that adopts blockchain technology network, integrates NFT, DeFi, and insurance policies; and it is open, transparent, safe and credible.
Metaverse World and GT Insurance Group will adhere to the principle of win-win cooperation and jointly promote the full and effective implementation of the agreement framework to create a giant in the Metaverse industry. At the same time, GT Insurance Group will provide $2 billion in credits and guarantees to Metaverse World, providing professional and safe guarantees for all investments of Metaverse World.
Mr. Mario Rendulic, Chairman of Metaverse World, delivered a speech on behalf of Metaverse World, introducing the establishment and development plan of Metaverse World. Metaverse World has issued the world’s first NFT digital stock, and GT Insurance Group will provide professional financial insurance services for digital stocks to ensure investment safety. Mr. Mario Rendulic has high hopes for the strategic cooperation with GT Insurance Group, and is full of expectations for the win-win development of both parties.
GT Insurance Group provides a comprehensive credit line of $2 billion USD, covering conventional financing, new financing, supply chain finance, comprehensive bill financing, debt financing instrument underwriting, etc., to help Metaverse World accelerate its industrial layout and structural transformation and upgrading (especially in the emerging industry sectors such as VR/AR, 5G, blockchain, digital exchanges, and artificial intelligence in the Metaverse industry), debt issuance and off-site mergers and acquisitions, implementation of overseas layouts and development of international markets.
The cooperation between the two parties and the credit and guarantee provided by GT Insurance to Metaverse World opened the prelude to the development of the Metaverse industry by insurance finance. This strategic cooperation, on the one hand, conforms to the current digital development trend; and on the other hand, aids the expansion of business scale and brand influence of both parties.