The ARize group issued a public statement today outlining their position while the cryptocurrency market remains in a bear market.
While cryptocurrency entered this latest bear market towards the end of last year, traditional finance also reflected a trend.
ARize has remained strong during this challenging 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 transitioned to the Blockchain with the support of Decubate in October 2021. We 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. 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,” where creators and users worldwide can unite in a decentralized way, is about to bear fruit.
The marketplace will launch with a selection of collections and partnerships, with some 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 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 more significant the stake, the higher the tier, giving access to various perks and benefits depending on your tier.
Of course, this is a difficult period that the crypto markets are going through. But we do not doubt that it will bring many gains as well. This is not the first crypto winter we’ve had. We want to say it will be the last, but the market will always have ups and downs. But we are prepared for such eventualities.
For the creators, users, and everyone else, we are here and constantly building!