Metaverse brand Trace Network Labs builds $500K+ revenue stream in ’22

Global Metaverse company Trace Network Labs has built a revenue stream of over $500,000 ARR in 2022, according to the company’s annual recap of 2022. The healthy revenue stream of Trace Network Labs was mainly due to its partnerships with various global fashion brands who are aiming to build their metaverse presence and launch their NFT collections.

In 2022, Trace launched 4 product lines, each with a specific agenda and future path, including Buddy, Bling, Gateway, and Pariz.

Global Metaverse company Trace Network Labs has built a revenue stream of over $500,000 ARR in 2022, according to the company’s annual recap of 2022. The healthy revenue stream of Trace Network Labs was mainly due to its partnerships with various global fashion brands who are aiming to build their metaverse presence and launch their NFT collections.

In 2022, over 1,700 Buddy avatars were minted worth over $42,000. Trace’ Bling, which is an exclusive NFT marketplace for wearable NFTs, avatar animations, and metaverse experiences, launched and dropped 3,000 exclusive wearables for Buddy avatars. Furthermore, Gateway integrated 9 premium NFT collections in 2022.

Trace also launched Pariz that is a fashion and lifestyle metaverse. It will contain shopping districts, brand retail stores, and experience stores. In Pariz, customers can buy a brand’s product and have it delivered to their doorstep.

In its annual recap of 2022, the company announced that it is lining up the launch of brand experience stores, retail stores, fashion events, phygital and wearable NFT collections, and more on Pariz.

In 2022, Trace built partnerships with companies such as Polygon, Push Protocol, EasyFi Network, QuickSwap, Technopak, Cere, and more.

The company was listed on exchanges, including Huobi, Gate, BitBNS, QuickSwapm Uniswap, and aggregators such as CoinMarketCap, Coingecko, and many more.

Furthermore, 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.

Fibre2Fashion News Desk (DP)

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