Dan Reitzik, CEO of the BIGG-owned metaverse firm TerraZero, will serve as interim CEO of the B.C.-based crypto company, which also owns the trading platform Netcoins and the crypto analytics firm Blockchain Intelligence Group. Outgoing CEO Mark Binns is stepping down from the board of directors as well. (The Logic)
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Dan Reitzik, CEO of the BIGG-owned metaverse firm TerraZero, will serve as interim CEO of the B.C.-based crypto company, which also owns the trading platform Netcoins and the crypto analytics firm Blockchain Intelligence Group. Outgoing CEO Mark Binns is stepping down from the board of directors as well. (The Logic)
Talking point: BIGG joins other Canadian crypto companies in finding ways to diversify its revenue in tough times for the sector. BIGG closed its acquisition of TerraZero, which owns metaverse digital real estate and helps brands such as Fidelity International, PricewaterhouseCoopers and Bacardi’s Angel’s Envy host metaverse events, last month. Under Reitzik’s leadership, BIGG plans to increase collaboration among its portfolio companies with TerraZero serving as its public face, the company said in a release. Metaverse hype has cooled since Facebook rebranded to Meta in 2021, but tech giants and other big businesses continue to experiment with it.
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