InfiniteWorld launches “NFT Grade” which brings the level of trust and confidence to the traditional art world to Web3
InfiniteWorld’s NFT Grade is one of the first platforms to issue condition reports on NFTs that include energy consumption across blockchain networks.
MIAMI, July 12, 2022– (BUSINESS WIRE) – NFT Grade, an application for generating condition reports for NFTs with a level of detail similar to traditional art markets, is launched today. A co-creation of the NFT infrastructure company InfiniteWorld, which announced the conclusion of a business combination agreement with Aries I Corporation (Nasdaq: RAM) in December 2021, and artist Sean Shim-Boyle, NFT Grade brings a new level of trust and confidence to Web3 by provide outstanding data and insights into NFTs, including energy consumption in Co2 – an increasingly important component for users to include in the evaluation of the carbon footprint of NFTs. NFT Grade differs from other platforms that offer condition reports, and can be used to evaluate NFTs across the Ethereum, Hedera and Polygon blockchain networks.
Yonathan Lapchik, co-founder of InfiniteWorld, said “The high level of detail offered by InfiniteWorld’s NFT Grade product allows collectors to accurately assess the true value of a given NFT, and provides much-needed trust and assessment tools to the NFT community.”
The model is strongly inspired by the tools already used by artists, curators, curators, insurance companies, appraisers and museum professionals to keep track of the changing physical condition to real values. NFT Grade delivers information about an asset’s smart contract code and storage platforms, and breaks down technical topics and details in an easy-to-understand way. Introducing these tools to the NFT area provides a much-needed foundation of trust in the industry and will help educate those interested in digital assets to understand the true value of NFTs before making a purchase.
“Although there is a huge potential for NFTs to serve the interests of artists, artists’ estates, foundations, museums, galleries and auction houses, among others – tools to validate integrity actions from art and to separate the work of fraudsters from sincere needs,” said artist and NFT Grade co-creator Sean Shim-Boyle.
Wes Geisenberger, VP of Sustainability & ESG at The HBAR Foundation, has articulated: “The synthesis of NFTs and traditional art will only be possible with the use of authentication technology such as NFT Grade; we are very pleased that NFT Grade is able to play a critical role in our ecosystem as a reliable validation tool required by institutions.This is the first use of open source Guardian to capture artists’ process digitally.This process ensures authenticity as art is shared in physical and digital formats and offers new opportunities “There is a huge economic opportunity around proving the origin of works of art to ensure that the quality of works of art is maintained.”
For more information on NFT Grade visit: NFTGrade.com
For more information on InfiniteWorld visit:
About InfiniteWorld
InfiniteWorld, part of the SUKU Ecosystem, is an NFT and Metaverse infrastructure company that enables brands and creators to create, monetize and drive consumer engagement with digital content, and is poised to become a listed company through a business combination with Aries I Acquisition Corporation (Nasdaq: RAM), a special purpose acquisition company. InfiniteWorld has been highly sought after by brands and creators for its ability to create applications around NFTs and other digital assets that offer high-level experiences and engagement to their consumers and communities.
About Aries I Acquisition Corporation
Aries I Acquisition Corporation (NASDAQ: RAM) was founded by Chairman Thane Ritchie. Aries is an acquisition company with special purposes whose business purpose is to carry out a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more companies.
On 13 December 2021, Aries and InfiniteWorld announced that they had entered into a final agreement on a business combination. Termination of the business combination is subject to customary termination conditions, including approval by the shareholders of Aries.
For materials and information, visit InfiniteWorld and Aries.
No offer or solicitation
This press release does not constitute a power of attorney or solicitation of a proxy, consent or authorization in respect of securities or in respect of the potential transaction and does not constitute an offer to sell or an offer to buy securities from Aries or InfiniteWorld, and there shall also be no sale of such securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus that meets the requirements of the Securities Act.
Important additional information regarding the transaction will be filed with the SEC
In connection with the proposed business combination, Aries intends to submit a registration statement to the US Securities and Exchange Commission (“SEC”) on Form S-4 which contains a preliminary power of attorney and a preliminary prospectus for Aries, and after the registration declaration has been declared effective, Aries will send a final power of attorney / prospectus related to the proposed business combination to its shareholders and InfiniteWorld’s shareholders. This press release does not contain all the information that should be considered regarding the proposed business combination and is not intended to form the basis for any investment decision or any other decision regarding the business combination. Aries’ shareholders and other interested parties are encouraged to read, when available, the preliminary power of attorney / prospectus and the amendments thereto and the final power of attorney / prospectus and other documents submitted in connection with the proposed business combination, as this material will contain important information about InfiniteWorld, Aries and the proposed business combination. When available, the final power of attorney / prospectus and other relevant material for the proposed business combination will be sent to the shareholders of Aries from a registration date to be determined for voting on the proposed business combination. Such shareholders will also be able to obtain copies of the provisional power of attorney / prospectus, the final power of attorney / prospectus and other documents submitted to the SEC, free of charge, when available, on the SEC’s website at www.sec.gov, or to make a request. to Aries I Acquisition Corporation, 23 Lime Tree Bay, PO Box 1569 Grand Cayman, Cayman Islands.
Participants in the invitation
Aries and InfiniteWorld and their respective board members, executives, other members of management and employees, in accordance with SEC rules, may be deemed to be participants in the solicitation of proxies to Aries shareholders in connection with the proposed transaction. Information about the persons who, in accordance with the SEC rules, can be regarded as participants in the invitation to Aries ‘shareholders in connection with the proposed business combination, will be stated in Aries’ registration declaration on form S-4, including a power of attorney / prospectus, when submitted to the SEC. Investors and securities holders can obtain more detailed information about the names and interests in the proposed transaction to Aries ‘board members and officers in Aries’ submissions to the SEC, and such information will also be in the registration statement to be filed with the SEC by Aries, which will include the power of attorney / the prospectus to Aries for the proposed transaction.
Warning regarding forward-looking statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act 1995. Aries’ and InfiniteWorld’s actual results may differ from their expectations, estimates and estimates and these forward-looking statements as predictions of future events. Words like “expect”, “estimate”, “project”, “budget”, “forecast”, “predict”, “intend”, “plan”, “can”, “will”, “could”, “should , “” believe “,” predict “,” potential “,” continue “and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements.These forward-looking statements include, without limitation, the satisfaction of the the final terms of the proposed business combination, and the date of completion of the proposed business combination.These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are beyond the control of Aries and InfiniteWorld and are difficult to predict.Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstance entities that may give rise to termination of the definitive business combination agreement (the “Agreement”); (2) the outcome of any legal action that may be brought against Aries and InfiniteWorld following the announcement of the agreement and the transactions contemplated therein; (3) inability to complete the proposed business combination, including due to non – approval by the shareholders of Aries and InfiniteWorld, certain regulatory approvals, or to satisfy other conditions for termination of the agreement; (4) the occurrence of any event, change or other circumstance that may give rise to termination of the Agreement or in any other way may result in the transaction not being terminated; (5) the impact of COVID-19 on InfiniteWorld’s business and / or the parties’ ability to complete the proposed business combination; (6) the risk that the proposed business combination will interfere with existing plans and operations as a result of the announcement and completion of the proposed business combination; (7) costs associated with the proposed business combination; (8) changes in applicable laws or regulations; (9) the possibility that InfiniteWorld or Aries may be adversely affected by other economic, business and / or competitive factors; and (10) other risks and uncertainties listed from time to time in Aries ‘final prospectus for its listing, including those under “Risk Factors” therein, and in Aries’ other submissions to the SEC. Aries warns that the previous list of factors is not exclusive. Aries warns readers not to rely on any forward-looking statements, which only apply from the date they were made. Aries assumes or accepts no obligation or obligation to publish any updates or revisions of any forward-looking statements to reflect changes in expectations or changes in events, circumstances or circumstances on which such statement is based.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220712006125/en/
Contacts
For media inquiries, please contact Nick Rodriguez at [email protected].
