Deals

Deal activity by volume related to metaverse increased by 538% year-on-year in 2022 in the mining industry

Credit: Bert van Dijk/Getty images.

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Analysis of the key themes driving deal activity reveals that metaverse accounted for 86 mining deals between 2018 and 2022, worth a total value of $237m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $163m acquisition of DLTx by Blockchain Moon Acquisition was the largest disclosed deal in 2022.

In volume terms, metaverse related deal activity increased by 538% year-on-year in 2022 and by 100% year-on-year in 2021.

Deal activity related to metaverse in the global mining industry in the last five years

Top deals related to metaverse in the mining industry in the last five years

Deal volume by deal type for metaverse related deals in the mining industry in the last five years

Equity offerings accounted for the highest number of deals in the last five years, with 63 deals, followed by asset transactions (14 deals), and acquisitions (6 deals).

Top financial advisors for metaverse related deals by value in the mining industry in the last five years

The top financial advisors supporting deals related to metaverse in the mining industry in the last five years in terms of value were BDO USA, Chardan Capital Markets, Marcum, Plus Revisjon, and Canaccord Genuity.

Top legal advisors for metaverse related deals by value in the mining industry in the last five years

The top legal advisors supporting deals related to metaverse in the mining industry in the last five years in terms of value were Advokatfirmaet CLP, Advokatfirmaet Thommessen, DLA Piper, Kirkland & Ellis, and Reed Smith.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.  

GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, metaverse bonds and loans; partnerships; and licensing agreements.  

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.