ARAX Holdings Secures 20% Stake in The Nemesis' Blockchain Metaverse

In a significant move within the digital asset management realm, ARAX Holdings Corp has revealed its acquisition of a 20% stake in The Nemesis, an emerging open-world metaverse platform. The strategic investment signals a commitment to reshaping the landscape of digital interactions.

ARAX's Vision for the Future

Ockert Loubser, COO of ARAX, emphasized that this acquisition goes beyond mere financial investment; it's a dedicated effort to influence the evolution of digital interaction. The deal extends beyond the initial 20%, with ARAX holding the option to acquire an additional 11% stake in The Nemesis.

Integration with Core Blockchain

As part of the arrangement, The Nemesis will leverage Core Blockchain, a platform owned by ARAX's recently acquired subsidiary, Core Business Holdings. This move aligns with ARAX's November announcement of deploying the native Core Token.

Strategic Collaboration: CorePass and Unity SDK

ARAX's collaboration with The Nemesis includes the utilization of CorePass, the official wallet for Core Coin and Core Token. The partnership aims to develop connectors to CorePass using a Unity SDK, enhancing user experience and accessibility.

Expanding Digital Asset Capabilities

ARAX envisions this strategic partnership expanding its digital asset and management capabilities through the Core Business Holdings Ecosystem. The increased demand for Core Token and Core Coin is anticipated to solidify ARAX's position in the digital asset management landscape.

The Nemesis: Unveiling the Metaverse

The Nemesis operates as a metaverse platform utilizing the Ethereum-based NEMS token for payments and in-game rewards. Employing non-fungible tokens (NFTs), The Nemesis represents ownership of virtual land claims, companion characters, and in-game cars.

Metaverse's Potential Impact

ARAX, referencing the metaverse sector's current 400 million monthly active users, envisions a significant economic impact. External statistics suggest a potential economic impact of €489 billion in the EU and $760 billion in the U.S. by the mid-2030s.

While the partnership holds promise, the true impact remains to be seen. ARAX's foray into the metaverse introduces exciting possibilities, but the success of this venture will depend on the execution of their vision and the dynamic evolution of the digital landscape.