Providence, RI – April 14, 2022 – Ritual Motion, the company behind the create-to-earn, live-streaming platform, RM GUILD, has announced the upcoming release of the new RMG (Ritual Motion GUILD) Token and associated Initial DEX Offering (IDO) scheduled for launch in Q3 2022.
The release of the RMG Token and subsequent IDO launch will usher in Ritual Motion’s plans to build a revolutionary Web 3.0 ecosystem featuring the RM GUILD platform operating as a create-to-earn and view-to-earn tokenized economy.
“The world of Web 3.0 is upon us,” said Bill Cesare, co-founder and Chief Growth Officer of Ritual Motion “There has been a true paradigm shift unfolding in the last several decades with the introduction of cryptocurrency enabled by blockchain technology. The tokenization of business is fueling the ability to create new economies, and we believe Ritual Motion is perfectly positioned to enter this world.”
Currently, Ritual Motion GUILD is a live video community platform that allows users to create, collaborate and share content through a hyper-engaged, live-stream experience. Ritual Motion was founded in 2019 and gained its roots in the gamer community, but is rapidly growing to include groups of all interests. The RM GUILD platform launched in Q4 2021 with the explicit goal of providing a create-to-earn alternative to Twitch, Discord, Clubhouse, and others by offering enhanced audience engagement and an equal revenue opportunity for all creators.
“RM GUILD is well underway to becoming a fully decentralized, Web 3.0 community platform,” said Dana Paul, co-founder and CEO of Ritual Motion. “With the launch of the RMG Token later this year, Ritual Motion will be one of the very first organizations to undertake the building of a fully functional and tokenized create-to-earn and view-to-earn ecosystem.”
Ritual Motion intends to build the RMG tokenized economy on the following pillars to ensure the best possible experience for its community – decentralized, deflationary, high efficiency, and circular. In addition, the company intends to instill best practices and protocols to construct a robust economy, which will be owned by the community and give users the potential to build wealth in a fair, equitable and sustainable manner.
“Ritual Motion has a proven track record of attracting and engaging vibrant communities,” said Cesare. “This step in our company’s evolution will allow us to give back to all of our supporters and revolutionize the creator and viewer experience."
