Mittaria has revealed their 2,222 Genesis NFT collection after a successful sell-out mint earlier. Mittaria is far from your typical profile picture (PFP) project, rather it serves as the access token to Translucia. In October 2022, the digital asset technology group Sygnum, with licenses in Switzerland and Singapore, collaborated with Thai entity T&B Media Global to raise over USD 300 million for the creation of Translucia.
”We’re much more than a PFP project. We make magic happen. We are innovators in a digital age and constantly deliver in web2. We will deliver in web3 as well and validate web3 use cases through Translucia and Mittaria. This is about laying the foundation of a web3 ecosystem that we will be building for years to come. We are Mittaria. We are Translucia. We are the future of digital transformation”, highlighted Alex on the space on X.
- Background on $300m series A fundraising
- Meme Buy Back Program with Gamified Token Claim
- $LUCIUM token
- Perks for rarity, including multiplier rewards for holding token id’s below 605
- Seasons coming with IP from T&B Media
Background on Translucia
The $300m series a funding aimed to support the creation of a new interconnected metaverse platform, utilizing a unique financial instrument that combines equity with non-fungible tokens (NFTs), such as metaverse land NFTs. This platform, named Translucia, would serve as a launchpad for partners to construct an interconnected universe of metaverses, blending entertainment with self-improvement activities and creating new revenue streams by merging real and virtual experiences.
The first corporate partner to join was MQDC, a renowned real estate developer in Thailand with more than 20 ongoing projects, intending to create a metaverse that integrates digital buildings with its real-world properties. Sygnum facilitated this initiative by offering T&B Media Global a comprehensive corporate finance solution, known as Strategic Digital Assets Solutions, which included the establishment of a hybrid equity-NFT structure, the development of metaverse token economic models, and providing institutional-grade custody for securities and tokens.
Sygnum spearheaded the fundraising efforts by managing Translucia’s roadshow and granting access to potential investors and partners who align with Translucia’s vision. This venture was backed by the robust capabilities of Sygnum’s Strategic Digital Assets Solutions, which had received full approval from the Monetary Authority of Singapore for various financial activities earlier in the year 2022. This partnership signifies a promising advancement in merging traditional and digital assets with Web3-native fundraising structures, potentially revolutionizing capital raising processes in compliance with regulatory norms.
A series B funding is well underway for Translucia, and Animoca Brands is likely to get involved. Last weekend the Mittaria and Translucia team signed an MOU with Yat Siu’s Animoca Brands. Interesting to note is that T&B Media is much bigger than Animoca. T&B is behind Mittaria. Behind T&B is CP Group. They make up 1/3 of Thailands GDP and heavily invest in filantrophy. Filantropy and innovation are one of the motivations behind the creation of Translucia, and with that Mittaria.
Translucia Ecosystem and Seasons
There are several known upcoming seasons coming to Translucia, with more to be confirmed at a later date. The Mittaria brand will be developed through different seasons, similar to battle passes in gaming. Holders of Mittaria can access all these seasons for free and comes with different utilities. Some seasons are being filmed or animated as we speak. Season 1 is all about access. Season 2 unlocks a free NFT claim for Mittaria holders for the upcoming Way to Gods creator economy. 12 Zodiac is season 3 with new layers of utility and rewards for holders, including an individual IP. The team is working on a roadmap with plans laid out for the coming 5 years and beyond.
Meme Buy Back Program
After careful legal considerations the team behind Mittaria has found ways to reward Mittaria holders without their token being deemed a secrity. A to be launched rewards platform allows Mittaria holders to claim a percentage of all rewards generated throughout the entire ecosystem of Translucia. Holders either create a meme that the company buys back, or perform a small gamified quest to claim their portion of token rewards, sized proportionally to your Mittaria holdings. Translucia and Mittaria have access to all businesses throughout the ecosystem of the parent companies, with many showing interest in joining their Metaverse endeavors. In the Space on X the team revealed one of the biggest Chinese companies which brand name everyone knows is close to wrapping up a deal.
$LUCIUM token
The $LUCIUM token is very interesting since the $LUCIUM token is going to be the token for Translucia, used by all connected brands in the ecosystem. Translucia has access to $300m of funding in their series A round, with a series B underway. All Mittaria holders get access to the pre-ICO sale. Tokenomics will come in due time. $LUCIUM will be both on- and off-chain, depending where it’s being used in the ecosystem.
Mitria art, lore, and airdrop
A small group of Immortals were able to mint earlier than everyone else. This evolves around the token ID’s below 605. There’s an airdrop of the $LUCIUM token going specifically to 605 and below holders, whereas 605 and lower receive a boost inside the ecosystem. As well as an airdropped Mitria art inspired NFT that gives access to these boosters and other upcoming utility perks. The art concept behind this airdrop evolves around one of the seven sisters, Mitria. Seven sisters will start to appear in the storyline and incredibly rich lore around Mittaria and will be explored more in the coming months ahead.
