The Glimpse Group, Inc. (NASDAQ: VRAR) 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.”