Blockchain DeFi Firm The Commission Partners With The Glimpse Group To Create Augmented Reality-Based NFTs For Cryptocurrencies
The Commission & Glimpse Group Blockchain Partnership
The Commission Token, among the first digital assets to be backed by gold, has reached a significant development milestone through AR-based Gilded NFTs, according to the company. Glimpse Group and QReal, a wholly-owned subsidiary of The Commission, an Ethereum (ETH) blockchain decentralized finance (DeFi) company and the creator of the Commission Token, have announced a paid cooperation with The Commission, an Ethereum (ETH) blockchain decentralized finance (DeFi) company. A diverse Virtual Reality (“VR”) and Augmented Reality (“AR”) platform firm, The Glimpse Group (VRAR) provides corporate-focused VR and AR software and product solutions for virtual reality and augmented reality.
The paid cooperation between The Commission and QReal asks for the production of various 3D AR-based NFTs for The Commission Token, as well as the production of multiple 3D AR-based NFTs for the Commission Token. Using their skills in augmented reality development and 3D modeling, QReal will build more than two dozen gilded 3D models that will be coined as NFT.
The Commission Token ($CMSN) is one of the first digital assets to be primarily backed by gold, and it represents a significant step forward in the process of bridging the gap between traditional hard assets and digital assets, as well as closing the gap between traditional hard assets and digital assets. A considerable amount of institutional legitimacy is lent to The Commission Token through the Commission’s tie-in arrangements with Saitama, a prominent DeFi platform, and Pax Gold, the digital token subsidiary of Paxos Trust Company. This has resulted in a significant amount of interest from both the cryptocurrency community and traditional investors in regards to the Token.
An ETH blockchain-based DeFi initiative, The Commission has established a unique and novel marketing idea that is based on the direct engagement of members of its community. Two separate options for gold investment and acquisition will be provided by the Commission to its holders. Investing in The Commission PAXG Gold Treasury facility will be one of the choices available, while staking CMSN tokens will be the other. Finally, CMSN will make investments in other initiatives in exchange for gold, which will serve as partial collateral. Because it has been renounced, the Commission’s contract cannot be amended, which gives more protection to investors in the process.
Founded in 2012, The Glimpse Group (VRAR) is a diverse Virtual and Augmented Reality platform firm that is composed of numerous VR and AR software and services companies. The Glimpse Group was created with the particular goal of fostering enterprises in the burgeoning VR/AR market. Its one-of-a-kind business strategy reduces the obstacles encountered by virtual reality (VR) enterprises and fosters the development of an extensive ecosystem, while also offering investors with the option to invest directly into the burgeoning VR/AR market through an extensive diversified platform.
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.”
Seth Weiser, strategist at The Commission Global LLC, added: “By incorporating AR and NFTs technologies, The Commission achieves an important development milestone toward elevating The Commission Token as a premier DeFi digital asset. 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.”