Special Announcement from 1ATH.Studio
Dear 1ATH.Studio Community,
We hope this message finds you in good spirits. As we traverse this ever-evolving landscape of technological innovation and market dynamics, there comes a time when introspection is crucial, and hard decisions must be made for the greater good and sustainability of our shared mission. Today, we stand at that juncture.
It is with a heavy heart, but a hopeful vision that we address the recent shifts in the market, and what it means for our roadmap and the projects under the 1ATH.Studio umbrella.
Current Market Realities
We live in times of unparalleled opportunities, but they come with their share of challenges. The wider financial market, especially the realm of cryptocurrencies and NFTs, is currently experiencing a downturn. This recession, influenced in part by a diminished interest in NFTs and the overarching economic situation, has not been kind to many, ourselves included.
Our commitment has always been, and will always remain, to stay the course, to build and grow even when faced with adversities. In alignment with this, our mission remains unaltered: “We are here to stay.” But what does this mean in the face of the current situation?
Taking Stock and Moving Forward
The fallout from this market downturn means we have had to reassess and reprioritize our goals and projects. Notably:
- 📈 Investor’s factor: We have faced an uphill battle in our fundraising efforts as potential investors gravitate toward endeavors perceived as low-risk.
- 🤝 Partnerships impact: Some of our high-potential projects, like our partnership with ReelBulls in i-gaming, have been adversely impacted.
- ⏸ Projects on hold: Many ambitious endeavors, like the Entertainment Metaverse development and the Iggy Dance and DJ Challenge, will have to be put on hold.
For a detailed account, please find below:
Initiatives We Are Holding Off On:
- Entertainment Metaverse development.
- Shareholding with the third-party project ReelBulls and their projective revenue distribution from 2 slot games for a certain number of shareholders.
- IggyLady Promotional video.
Our Continued Commitment
Even in these trying times, our commitment to innovation and our community remains unwavering. We will continue to:
1. Support and expand the IggyBoy and IggyLady collections.
2. Foster the project growth and utility with the third party project Freebi and its usage as a community token.
3. Launch the IggyLady NFT collection and introduce the Symbiosis NFT Airdrop for owners of both IggyBoy and IggyLady.
4. Focus on 1ATH.Studio as a premier marketing agency and its global growth.
5. Acquisition of a significant NFT-related project.
6. Unveil our Entertainment Hub, offering IPR acquisition and introducing further advantages.
7. Introduce the IggyBoy and IggyLady slot games as a part of Entertainment Hub in cooperation with ReelBulls.
Change, they say, is the only constant. While we have had to realign some of our immediate priorities, our broader vision remains unaltered. We are genuinely thankful to each one of you for being a cornerstone of our journey. Together, we will not only weather this storm but also emerge stronger, laying the foundation for a brighter, more inclusive, and innovative future.
With gratitude and hope,