Ariva announced partnerships with the World Tourism Forum Institute (WTFI) and the Global Tourism Forum (GTF) in January 2022. Both organizations focus on addressing challenges in the travel and tourism industries.
Through its collaboration with the two organizations, Ariva plans to foster blockchain use within the tourism community and become the leading blockchain service in global tourism. Ariva and the WTFI kicked off their partnership with The Global Tourism Blockchain for Travel Summit, which was held in Dubai on March 26, 2022.
On the virtual front, Virtualand announced plans to integrate Ariva into its metaverse project in January 2022. Virtualand combines artificial intelligence with blockchain technology to create a metaverse network.
Unique risks
Ariva has gotten quite a bit of criticism over the lack of information about its team. Many have speculated that the entire project could be a rug pull, a common crypto scam where developers pump up the price of their project as much as possible and then abandon it.
That's a definite possibility with Ariva because, based on all the secrecy, this project looks shady. There's simply no good reason to hide who's running Ariva. It has been more than a year since the token launched, and it's supposedly trying to completely change the travel industry, but there's zero information about the executive team or its founders.
Another risk for the Ariva token is that there is no community governance, so the anonymous owners can make any changes they want to the project. Community participation in decision-making could be possible in the future; the project roadmap shows ARV Voting as a desired feature for the fourth quarter of 2022, which happens to be the same time that they hope to launch their own mainnet network.
At best, Ariva is a legitimate but immature project, and its team is showing very poor judgment by hiding their identities. At worst, it's a scam.
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