Vancouver-based Bigg Digital Assets, which owns and operates Web3 and blockchain companies, has appointed Dan Reitzik as its interim CEO as former CEO Mark Binns steps down.
As part of the transition, announced mid-October, Binns is also stepping down from the company’s board of directors, but will continue as a consultant for a six-month transitional period. All other members continue to serve on the board, and Lance Morginn was newly appointed chair of the board.
“I am very pleased to hand the reins to Dan for this task, who is a seasoned public markets CEO in the blockchain space.”
– Mark Binns
Reitzik is the founder and former CEO of DMG Blockchain Solutions, and most recently served as CEO of metaverse company TerraZero Technologies, which is in Bigg’s portfolio. In a statement, Reitzik said he is excited to take on a new challenge that combines his experience leading one of North America’s largest bitcoin mining and data analytics companies with recent successes at TerraZero.
“I’m very proud of what Bigg has accomplished during my tenure. Now with three wholly owned businesses, the entire portfolio of companies is ready for its next phase of growth and expansion,” Binns added in a statement. “I am very pleased to hand the reins to Dan for this task, who is a seasoned public markets CEO in the blockchain space.”
TerraZero seeks to develop, acquire, and finance what it described as the metaverse’s “most promising companies, entrepreneurs, and developers.” Building upon Reitzik’s successes with TerraZero across the Bigg portfolio, TerraZero will serve as a public-facing front through which other Bigg portfolio companies can extend their reach, expand their audiences and increase their monetization potential.
Bigg announced this week the integration of Spotify Premium into TerraZero’s Intraverse PRO music platform through a collaboration with Warner Records and artist Teddy Swims.
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According to a statement from Bigg, TerraZero’s Intraverse PRO is a platform aimed to allow artists and fans to connect in a three-dimensional, virtual environment. Intraverse PRO will give users the ability to customize their spaces and sell merchandise.
Besides TerraZero, Bigg’s portfolio also includes Netcoins, which offers crypto trading for over 40 crypto assets, including BTC, ETH, LTC, XRP and USDC. Netcoins claims to have over 210,000 registered customer accounts, over $60 million in assets under custody, and has transacted over $500 million in lifetime volume through its retail trading and OTC desk.
In September, Netcoins reported a security breach of its network resulting in a loss from its operational float worth $343,000 CAD. This was the second breach reported by the company in a 17-month period.
Image source Bigg Digital Assets.