Official Launch - Postpone.
19 Jun 2022, 17:25
⚠️ Official Launch - Postpone ⚠️
We would like to inform our community that due to current Global Economic Market and Crypto Market conditions, MetagamZ team has decided to postpone the launch of both its Marketplace and Metaverse.
In order to provide to our investors, members and users a clear understanding of the reasons behind this difficult but necessary decision, we would like to pinpoint the main reasons of it :
1- The global economic market being down, all current discussion with potential strategic investors and strategic partners are put on hold on everybody side, thus slowing down or totally blocking our expansion process.
2- The crypto market is having one of the worst downtrends in past years, with global value of the market now below 1 Trillion USD and most of tokens loosing value. From 50 to 90% since their last ATH, making everyone loosing money.
3- As a consequence, the market sentiment is in very high fear, thus making any investors in this industry hold their moves and not investing money into any project so far. From small investors to big VC, a lot of people have lost money and nobody seems to be ready to move, take risks and invest in any project currently, liquidity being very much too low…
As a conclusion of this analysis and because of those very dangerous parameters, in order to ensure the best chance for the project and everybody investments to raise, MetagamZ official Launch will be postpone to a later but more optimum date.
As of now, no official date have been set up by the team and as any first official launch must be triggered in the best conditions, we hope that the market situation, investors sentiment, and liquidity available globally in the industry and from all potential investors, gamers and future users, will be positive soon enough for the project to be launched in the best conditions and raise in value.
We would like to remember everyone, in that sense, that we have 1 possible official launch ONLY, and that « good timing » being one of the core priority for any product launch, this is one of the most important parameters we will be looking into, for the best of everyone interests.
Of course, our team will inform the community of the various decisions and official news along the way and will keep focusing on the development of the product itself until official release of it.