Commission Token, One of the First Gold-Backed Digital Assets, Achieves Major Development Milestone with Golden AR-Based NFTs
NEW YORK, NY/ACCESSWIRE/May 2, 2022 / The Glimpse Group, Inc. VAR(FSE:9DR)a diversified virtual reality (“VR”) and augmented reality (“AR”) platform company providing enterprise-focused VR and AR software and services solutions, today announced a paid partnership between its subsidiary in wholly owned by QReal and The Commission, an Ethereum (ETH) blockchain decentralized finance (“DeFi”) company and creator of The Commission Token.
The commission token ($ CMSN) is one of the first predominantly gold-backed digital assets, representing a major step in bridging the gap between traditional hardware assets and digital assets. The Commission’s linkage structures with Saitama, a leading DeFi platform, and Pax Gold, the digital token division of Paxos Trust Company, lend significant institutional credibility to The Commission Token. As such, the token has garnered substantial interest from the cryptocurrency community as well as traditional investors.
The paid partnership between The Commission and QReal foresees the development of several 3D AR-based NFTs for The Commission Token. QReal will leverage its expertise in AR development and 3D modeling to design over two dozen golden 3D models to mint as NFTs.
“By incorporating AR and NFT technologies, The Commission is taking an important developmental step towards elevating The Commission Token as a premier DeFi digital asset,” said Seth Weiser, Strategist at The Commission Global LLC. “We believe that our partnership with QReal will ultimately serve as an important catalyst in the development of decentralized finance. Having recently launched last month, the Commission has already achieved major goals in a short time, and we hope this will propel us even further As we progress, we anticipate needing additional AR models and assets and look forward to continuing our partnership with QReal to create them.
Lyron Bentovim, President and CEO of Glimpse, said, “We believe NFTs will be instrumental in facilitating commerce in the metaverse as it evolves. Glimpse continues to develop cutting-edge solutions related to Virtual Reality, Augmented Reality, NFT and Blockchain in our subsidiary base. businesses, as important building blocks in our enabling immersive technologies framework. This partnership is an excellent representation of our capabilities, and we look forward to helping the Commission carry out its mission. »
About the Board
The Commission is an ETH blockchain DeFi project that has developed an innovative new marketing concept built around the direct participation of its community. The Commission will offer two different possibilities for its holders to invest and obtain gold. One of the options will be to stake CMSN tokens, while the other will allow investing in the PAXG Gold Commission Treasury Vault. Finally, CMSN will invest in other projects in exchange for gold as partial collateral. The Commission’s contract cannot be modified since it has been waived, which offers greater security to investors. For more information on the Commission, please visit https://thecommission.xyz/
About Glimpse Group
The Overview group VAR is a diversified virtual and augmented reality platform company, comprised of multiple VR and AR software and service companies, and built for the specific purpose of cultivating businesses in the emerging VR/AR industry. Glimpse’s unique business model simplifies the challenges faced by VR/AR companies and creates a robust ecosystem, while simultaneously providing investors with the opportunity to invest directly in the emerging VR/AR industry through a diverse platform . For more information about The Glimpse Group, please visit www.theglimpsegroup.com.
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This press release does not constitute an offer to sell or a solicitation of offers to buy securities of any entity. This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. The forward-looking statements contained in this press release are based on information available to us as of the date hereof. Our actual results may differ materially from those indicated or implied by these forward-looking statements, due to risks and uncertainties associated with our business. Forward-looking statements include statements about our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as “anticipate”, “believe”, “see”, “could”, “estimate”. ”, “expect”, “intend”, “may”, “should” and “would” or similar words. All forecasts provided by management in this release are based on information available at the time and management expects that internal projections and expectations may change over time. Additionally, the forecast is entirely based on management’s best estimate of our future financial performance given our current contracts, current pipeline of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise.
CFO & COO
The Glimpse Group, Inc.
Mark Schwalenberg, CFA
MZ Group – North America
THE SOURCE: The Glimpse Group, Inc.
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