TL:DR
- We are in the market of actively assessing acquisitions / partnerships / merger opportunities for growth, either vertically or horizontally to coincide with our long term growth.
- In light of the above, we have acquired our first server — formally known as Solana Vegas Club. It is a Solana based community. The founders essentially gave up — we wanted to ensure the holders within that project has some form of value alongside integrating Solana to Ethereum.
- For BearX NFT holders: Nothing changes to what is planned. If anything, the acquisition allows further utility to be unlocked (which will be announced in October what it is)
- For SVC community: Members of the community have option whether to join BearX Club — or not — no forced on-chain activity
- One temp benefit for SVC, will be revealed this coming week
- Main benefit is community growth, integration, and pushing towards our goal of cross project inclusion and connectivity.
What has happened?
Hey all! This is a short note / statement explaining a recent plan of action we have carried out in order to grow our ecosystem, and build across multiple different chains, channels and demographics. The bear market has been a challenging on many levels for communities, projects, owners and builders to say the least, least of all in developing product, and in growing organically. Due to this, we set out to help build out our community through the bear market = and that is by acquiring and taking over projects / existing communities across the crypto / NFT space. These are not promised and likely to be very sporadic, but we are pleased to announce our first acquired server — and (more importantly to you, the holders) what it means for you.
Context — Why Solana Vegas Club?
With this in mind we connected with Solana Vegas Club, ironically through our collaboration team to start with, which originally requested a collab, and then, (during their mint process), noticed that this isn’t something they either do not wish to go further with / they didn’t believe they could go further with. With this in mind we made them an offer and the rest is history.
It’s important to note that we have no dealings with anything that happened with SVC previously, through the mint process, the art, the code they used etc. Because of this, everything (literally everything) will be scrapped and either recreated or re-imagined. By the end of October, in the coming days, a temporary utility for Solana Vegas Club holders will be announced.
Integration plans…🤝
No other promises of future roadmap additions will be made, but since we have a bunch of integrations with top tier NFTs, chains, exchanges and middleware, there is a lot of opportunities for SVC holders in the future, with one that will be announced this month. More importantly, beyond community, it allows BearX Labs to build and expand across its third chain (after being on Binance and Ethereum respectively).
In short this is what they won’t do with SVC (provisional):
- Force any holders to join (entirely your choice)
- Force any holders to move away from Solana — regarding SVC art (which will be remade anyway) can remain on Solana, but if open to other chains, a vote can be made.
- Not listen to the community. The community matters, what they decide is all that matters. — Not make promises that they do not keep.
SVC Holders: To gain any of the above benefits please do the following ASAP
1. React to the post in the announcement on discord (the 🎉 )
2. Ensure you are a verified member of the BearX Labs discord server discord.gg/invite/bearx)
3. Open a ticket, mentioning you are from SVC.
BearX Holders: Nothing changes :) — just keep being cool!
Solana Vegas Club Twitter: https://twitter.com/solanavegasclvb
Solana Vegas Club Discord: https://discord.com/invite/2AR9svZqfN
BearX Linktree: https://linktr.ee/bearxlabs
Twitter: https://twitter.com/bearX_NFT
Medium: https://bearxnft.medium.com
