Metaplanet & Sora Ventures’ Asian Consortium Makes Power Play: Acquires Thailand’s DV8 in Strategic Market Grab

Bangkok's crypto scene just got a seismic shakeup. A heavyweight Asian consortium—led by Japan's Metaplanet and Hong Kong's Sora Ventures—just snapped up Thai web3 firm DV8 in a move that screams 'bullish on Southeast Asia.'

Why Thailand? The consortium's betting big on the kingdom's laxer regulatory environment and exploding retail crypto adoption. DV8's local infrastructure becomes the perfect beachhead.

Behind the deal: Sora's known for backing cross-border payment rails, while Metaplanet's been dumping yen reserves into Bitcoin since 2024. Their playbook? Replicate Japan's web3 adoption play—but with cheaper labor and friendlier regulators.

The cynical take: Another 'strategic acquisition' that'll either mint a unicorn or quietly dissolve into the graveyard of overhyped crypto M&A. But with Thai baht devaluation fears growing, locals might prefer holding DV8's token over their central bank's paper.