The Commission Token, One of the First Digital Assets Backed by Gold, Achieves Major Development Milestone with AR-Based Gilded NFTs
NEW YORK, NY / ACCESSWIRE / May 2, 2022 / The Glimpse Group, Inc. (NASDAQ:VRAR)(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 wholly-owned subsidiary company 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 digital assets principally backed by gold, representing a major step toward bridging the gap between traditional hard assets and digital assets. The Commission’s tie-in 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 generated substantial interest from the cryptocurrency community as well as traditional investors.
The paid partnership between The Commission and QReal calls for the development of multiple 3D AR-based NFTs for The Commission Token. QReal will leverage their expertise in AR development and 3D modeling to design over two dozen gilded 3D models to be minted as NFTs.
“By incorporating AR and NFTs technologies, The Commission achieves an important development milestone toward elevating The Commission Token as a premier DeFi digital asset,” said Seth Weiser, strategist at The Commission Global LLC. “We believe our partnership with QReal will ultimately serve as a significant catalyst in the development of Decentralized Finance. Having recently launched last month, The Commission has already achieved major goals in a short amount of time, and we expect this to propel us even further. As we continue to progress, we expect to require additional models and AR assets and look forward to continuing our partnership with QReal to create them.”
Lyron Bentovim, President and CEO of Glimpse commented: “We believe that NFTs will play an instrumental role in facilitating commerce in the metaverse as it evolves. Glimpse continues to develop cutting edge VR, AR, NFT and Blockchain related solutions across our base of subsidiary companies, as important building blocks in our cadre of enabling immersive technologies. This partnership is an excellent representation of our capabilities, and we look forward to assisting The Commission in executing on their mission.”
About The Commission
The Commission is an ETH blockchain DeFi project that has developed a new and innovative marketing concept built around the direct participation of its community. The Commission will provide two different opportunities 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 Commission PAXG Gold Treasury vault. Lastly, CMSN will be investing in other projects in return for gold as partial collateral. The contract of The Commission cannot be modified since it has been renounced, which provides greater security to investors. For more information on The Commission, please visit https://thecommission.xyz/
About The Glimpse Group
The Glimpse Group (NASDAQ:VRAR) is a diversified Virtual and Augmented Reality platform company, comprised of multiple VR and AR software & services companies, and designed with the specific purpose of cultivating companies in the emerging VR/AR industry. Glimpse’s unique business model simplifies challenges faced by VR/AR companies and creates a robust ecosystem, while simultaneously providing investors an opportunity to invest directly into the emerging VR/AR industry via a diversified platform. For more information on The Glimpse Group, please visit www.theglimpsegroup.com.
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CFO & COO
The Glimpse Group, Inc.
Mark Schwalenberg, CFA
MZ Group – North America
SOURCE: The Glimpse Group, Inc.
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