According to Trace Network Labs’ annual report for 2022, Trace Network Labs has established a revenue stream that exceeds $500,000 ARR.
Trace Network Labs’ steady revenue flow is mostly the result of its collaborations with numerous international fashion labels looking to establish their metaverse presence and introduce their NFT collections.
Trace introduced four product lines in 2022: Buddy, Bling, Gateway, and Pariz, each with a distinct goal and course for the future.
Over 1,700 Buddy avatars valued over $42,000 were produced in 2022. A store for wearable NFTs, avatar animations, and metaverse experiences called Trace’ Bling has just debuted and released 3,000 unique wearables just for Buddy avatars. Additionally, in 2022, Gateway incorporated 9 premium NFT collections.
Trace also started Pariz, a metaverse for fashion and lifestyle. Shopping centers, name-brand retailers, and experiential stores will all be present.
Customers can purchase a brand’s product in Pariz and have it delivered right to their door.
The business revealed plans to introduce brand experience stores, retail outlets, fashion shows, wearable NFT collections, and more on Pariz in its 2022 annual summary.
Trace formed alliances in 2022 with organizations like Polygon, Push Protocol, EasyFi Network, QuickSwap, Technopak, Cere, and others.
The business was listed on numerous aggregators and exchanges, including Huobi, Gate, BitBNS, QuickSwapm Uniswap, and CoinMarketCap.
Moreover, Trace distributed over $1 million worth of rewards to its community through various campaigns, events, and engagements. In 2022, the company also received valuable coverage from global media outlets.
