The ARize group released a public statement today regarding their position, as the crypto world remains in a bear market situation.
Cryptocurrency entered this latest bear market towards the end of last year, a trend also reflected in the world of traditional finance.
ARize has continued to remain strong during this difficult period, is backed by investors, and is launching multiple partnership projects throughout 2022. They have now released a statement to make clear their position in the current market:
At ARize, we made our transition to blockchain with the support of Decubate in October 2021, and we successfully completed our IDO through Trustpad, Vent Finance, InfinityPad, and KrystalGo and listed on Pancakeswap, Bitmart, and MEXC in April 2022.
After we were successfully funded, we were always aware of the disadvantages of the current period of the market, and we were prepared. While we proceed as required by such conditions, we have prioritized reaching our goals in our roadmap. To this end, we will continue to work hard according to our plan, regardless of how long the bear market lasts.
From day one, we aimed to improve our technology, bringing it to a point where more users could benefit. We knew that with Blockchain, we could make this goal a reality. Our work to build our “NFT Marketplace”, a place where creators and users from all over the world can come together in a decentralized way, is about to bear fruit.
The marketplace will launch with a selection of collections and partnerships, with some of these to be announced closer to the time. The first iteration of the MVP will see NFTs being launched on the Binance Chain. NFT Minting will soon follow, with Ethereum Chain & Polygon, in Q3.
One of the partnerships that will kick off the marketplace’s launch is ARize’s long-awaited NFT Gallery. The project sees us partner with famed artist Mark Mallia to create a world-first virtual gallery that allows marketplace users to invest in NFT art created by Mallia and a selection of creative artists hand-picked by Mallia himself. Art buyers will be entitled to a physical copy of any of these one-of-a-kind NFT pieces that they purchase.
We also plan to introduce various features across the platform further down the line to ensure that users continue to enjoy the ultimate experience.
Through the marketplace, users will be able to stake ARZ tokens. The larger the stake, the higher the tier, which will give access to various perks and benefits depending on which tier you are in.
Of course, this is a difficult period that the crypto markets are going through right now, but we do not doubt that it will bring many gains as well. This is not the first crypto winter we’ve had; we’d like to say that it will be the last, but the market will always have its ups and downs. But we are prepared for such eventualities.
For the creators, users, and everyone else, we are here, and we are constantly building!
Founded in 2018, ARize is an industry leader in the 3D and AR industries. With an ethos of putting the power into the hands of the creators, their vision is revolutionising e-commerce, blockchain technologies and metaverse spaces. ARize is on a mission to bring 3D and AR capabilities to everyone, supercharging the visual experience it brings.