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EQUITY
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
EQUITY

NOTE 4 – EQUITY

 

Common stock

 

The Company has authorized 1,000,000,000 shares of $0.001 par value. As of June 30, 2022 and December 31, 2021, the Company had 445,500,000 and 44,550,000 shares as of December 31, 2021, issued and outstanding, respectively.

 

Preferred stock

 

The Company has 10,000,000 shares of $0.001 par value of Series A Preferred Stock. As of June 30, 2022, and December 31, 2021, there were zero and 10,000,000 shares of Series A Preferred Stock issued and outstanding, respectively.

 

As described in NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS on February 9, 2022, as a result of a private transactions, 10,000,000 shares of Series A Preferred Stock were transferred from Custodian Ventures, LLC to MetaVerse Investment Group (the “Purchaser”). These preferred shares were convertible into 90% of the common stock of the Company. On February 18, 2022, the Purchaser converted 10,000,000 shares of the Series A Preferred Stock to 400,950,000 shares of common stock.