JP 3E Holdings Acquires MetaRock: Pioneering Decentralized Metaverse Tech
JP 3E Holdings, Inc. Completes Acquisition of MetaRock, Inc. and Announces Corporate Changes
Corporate Actions and Trading Symbol Update
SOMERSET, N.J., July 1, 2025 (GLOBE NEWSWIRE) — JP 3E Holdings, Inc. (formerly known as Spooz, Inc., OTC: SPZI) has successfully executed its previously disclosed corporate actions, confirmed by FINRA, effective today. The company will trade under the symbol SPZID for the next 20 business days before transitioning to its new ticker, JPTE, along with a newly assigned CUSIP number of 84915Q209. Additionally, JP3E will reduce its authorized shares to a total of 1.2 billion.
Strategic Acquisition of MetaRock, Inc.
In a significant move, JP3E has finalized the acquisition of MetaRock, Inc., making it a wholly owned subsidiary. This strategic acquisition marks JP3E’s entry into the Artificial Intelligence sector, enhancing its capabilities and positioning the company for a potential uplisting on NASDAQ, under the leadership of CEO John K. Park. Jong-woo Kim, the CEO and Chairman of MetaRock, will take on the role of President at JP3E.
Innovative Technology and Revenue Models
MetaRock is recognized as a pioneer in decentralized metaverse technology, boasting contracts with over 30 multinational corporations. While JP3E specializes in commodity transactions, MetaRock has developed a patented trading platform that is set to drive significant revenue through six distinct models:
- Cube Name Service (CNS)
- Advertising
- Subscription
- Development
- Kiosk Sales
- Game Operations
MetaRock’s intellectual property portfolio includes nine patents that safeguard its innovative configurations, which are essential for facilitating large-scale international transactions. The blockchain-based system ensures secure transactions, eliminating the risks associated with capital loss or payment issues. This technology is described as “smart contracts on steroids.”
Enhancing Transaction Integrity
The integration of MetaRock’s technology is expected to enhance the integrity of transactions conducted by JP3E, ensuring that payments are made to sellers only when goods are delivered to buyers. This system guarantees that transactions are completed without the risk of payment without receipt of goods or vice versa.
This acquisition aligns perfectly with JP3E’s existing commodity contracts, which are currently awaiting closure. The Trade Finance Platform developed by MetaRock has been tested by John Park and his team, enabling JP3E to resume its commodity transactions, including gold, copper, sugar, chicken paws, and aluminum. With MetaRock’s support, JP3E aims to finalize these stalled transactions and achieve monetization.
Leadership Insights
Kim Jong-woo, CEO and Chairman of MetaRock, expressed enthusiasm about joining the JP3E team, emphasizing their commitment to helping the company meet NASDAQ qualifications and realizing the potential of their unique technologies.
John K. Park, CEO, Chairman, and President of JP3E, stated, “With MetaRock as our wholly-owned subsidiary, we are well-positioned to advance our growth strategies. Their patented technology is crucial for ensuring successful transactions.”
About MetaRock
MetaRock offers a fully decentralized metaverse network service designed to secure transactions through blockchain technology, ensuring risk-free finalization of payments and goods exchange. The company aims to collaborate with various components of the metaverse, providing a platform that includes gaming, virtual reality, artificial intelligence, entertainment, and e-commerce. Users can create personalized metaverse experiences through the DotCube Protocol, which supports diverse genres, including NFTs and play-to-earn games.
About JP 3E Holdings, Inc.
Following the acquisition of MetaRock, JP 3E is positioned to become a leader in global commodity transactions, recognized for its innovative trade solutions across multiple sectors. The company is committed to sustainability and aims to drive new trends in the global commodity market.
Company Contact Information
For further inquiries, please contact:
John K. Park, CEO, President, and Chairman
Email: [email protected]
Phone: 732-241-0598 (Office)
Websites: JP3E | JP3E Holdings
Social Media: X | Facebook
Email: [email protected]
Safe Harbor Notice
This release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. The company cautions that these statements involve risks and uncertainties that could lead to actual results differing materially from projections. The company undertakes no obligation to update these statements following the date of this release.
