Trace Network Labs PriceTRACE

What is Trace Network Labs (TRACE)?

Trace Network Labs (TRACE) is a decentralized protocol focused on bringing luxury, lifestyle, and fashion into multichain metaverses. Built on the Ethereum platform and also deployed on Polygon and BNB Smart Chain, the project combines NFTs, digital fashion, and Web 3.0 technologies to deliver blockchain-based metaverse experiences. Its stated vision is to become a gateway for lifestyle brands to launch limited-edition fashion and lifestyle products designed for the digital avatars of metaverse residents across multiple chains and virtual worlds. The protocol also describes itself as an enterprise-grade, NFT-based decentralized finance protocol that uses composable smart contracts to enable permissionless financing options, alongside unique merchandise identification solutions powered by NFTs. Total and maximum supply are 100,000,000 TRACE. CoinMarketCap's official registry lists a circulating supply of 0, while the project self-reports approximately 99.51 million TRACE in circulation. The company was founded in 2021, and the TRACE token launched on 28 January 2022 on Ethereum, later expanding to Polygon and BNB Smart Chain.

Key Specifications & Tokenomics

• Name: Trace Network Labs
• Ticker / Symbol: TRACE
• Blockchain / Platform: Ethereum, Polygon (POL), BNB Smart Chain (BEP20)
• Token Standard: ERC20
• Decimal Places: 18
• Ethereum Contract: 0x9F7fC686CfD64aA5Ae15b351d03071e91533094b
• Polygon Contract: 0x4287f07cbe6954f9f0decd91d0705c926d8d03a4
• Category: Metaverse, AI & Big Data, Gaming
• Total Supply: 100,000,000 TRACE
• Max Supply: 100,000,000 TRACE
• Circulating Supply: 0 TRACE (CoinMarketCap official registry); the project self-reports approximately 99.51 million TRACE in circulation
• Launch Date: 28 January 2022 (CoinMarketCap listing date); the token operates on Ethereum
• Security: the project's CertiK rating is 3.1 (on a 5-point scale, per CertiK); this score is not a guarantee of safety — readers should review the underlying audit reports and the project's bug-bounty status directly
• Official Website: https://trace.network/

Who created Trace Network Labs?

The company was founded in 2021, is privately held, lists its industry as internet publishing, and is headquartered in Gurugram, India; LinkedIn lists a company size of 11–50 employees, while PitchBook lists 15 total employees. The company profile lists specialties in lifestyle, DeFi, metaverse, NFT, and fashion. The project was co-founded by Lokesh Rao (Co-Founder & CEO) and Sunil Arora (public X account: @SunilArora_tn). Investors listed for the project include OKX Blockdream Ventures, NGC Ventures, AU21 Capital, LD Capital and Morningstar Ventures. Detailed public information about the full founding team and individual biographies is currently limited, and the project maintains an active presence on LinkedIn.

How does Trace Network Labs work?

Trace Network Labs operates as a decentralized protocol that leverages composable smart contracts to enable permissionless financing and NFT-based merchandise identification. The ecosystem is built around two core products. The first is Buddy, a digital identity solution that allows users to create realistic, metaverse-agnostic avatars capable of moving between different virtual worlds, functioning like a passport for metaverses. The second is Bling, a global marketplace dedicated to rare and exclusive NFTs, with a focus on limited-edition lifestyle products and accessories from luxury and lifestyle brands. Through these products, Trace aims to provide a full-stack metaverse technology suite for businesses and individuals to launch their own 3D experiences. The protocol uses Web 3.0 technologies to deliver blockchain-based experiences and supports multichain functionality across Ethereum, Polygon, and BNB Smart Chain.

What makes Trace Network Labs unique and valuable?

Trace Network Labs focuses specifically on luxury and lifestyle within the metaverse, rather than general virtual world infrastructure. Its metaverse-agnostic avatar solution, Buddy, enables digital identities that can traverse multiple chains and virtual environments, addressing a key interoperability challenge in the metaverse sector. The Bling marketplace connects luxury brands with global audiences through exclusive NFT drops, creating a bridge between traditional fashion commerce and blockchain technology. Additionally, the project's enterprise-grade positioning, combining NFT-based DeFi with supply chain, data management, and trade settlement capabilities, means the project positions itself as offering a broader utility scope than metaverse-only projects. Its deployment across Ethereum, Polygon, and BNB Smart Chain further enhances accessibility and reach for users across different ecosystems. As with any small-cap crypto asset, TRACE carries price volatility, liquidity and regulatory risks, and its market depth is limited.

What is Trace Network Labs used for?

The TRACE token serves multiple functions within the Trace Network Labs ecosystem. It is used for governance, allowing holders to propose and vote on on-chain proposals that influence the future features, parameters, and improvements of the network. Through the Buddy product, TRACE is used in the creation of realistic, metaverse-agnostic avatars, enabling users to carry a unique digital identity across various virtual worlds. In the Bling marketplace, TRACE facilitates the creation, marketing, and distribution of limited-edition lifestyle products and accessories by luxury brands. The token also supports metaverse experiences and commerce, enabling enterprises to launch business collaborations and shopping environments with integrated payment components for transactions within these virtual spaces.

How Is the Trace Network Labs ecosystem developing?

The Trace Network Labs ecosystem is developing around its two flagship products, Buddy and Bling, which together aim to provide digital identity and commerce infrastructure for metaverse users and luxury brands. The project has expanded its blockchain deployments beyond Ethereum to include Polygon and BNB Smart Chain, increasing its multichain footprint. Community engagement efforts include acting as the official streaming partner for the NiftyShield Clash Royale tournament. The project's X account (@trace_network) has promoted team meetups at Asia's leading crypto event at Marina Bay. On 14 September 2023, the project announced via @trace_network a new token model for $TRACE centred on enhancing token utilities. Per its X bio, the project's Pariz Metaverse community has surpassed 295K+ users. The project maintains an active presence on social platforms including Twitter, LinkedIn, and Linktree. According to CoinMarketCap, the token had roughly 2.72K holders as of the reference date, and the ecosystem continues to build out its metaverse infrastructure and brand partnerships.

How to mine Trace Network Labs?

Trace Network Labs does not use proof-of-work mining. The project describes itself as an enterprise-grade proof-of-stake (PoS) consensus-based permissionless protocol, so TRACE is not produced by computational hardware. Holders participate through staking, governance and use of the Buddy and Bling products. TRACE can be acquired on supported trading platforms and decentralized exchanges on Ethereum, Polygon and BNB Smart Chain.

How to keep your Trace Network Labs Coin safe?

Keeping TRACE tokens safe requires following standard cryptocurrency security practices. Since TRACE is an ERC20 token available on Ethereum, Polygon, and BNB Smart Chain, users should store their tokens in reputable wallets that support these networks, such as hardware wallets for long-term holdings or well-reviewed software wallets for active use. Always verify contract addresses before interacting with any token, as fake tokens with similar names can exist on public blockchains. Never share private keys or seed phrases with anyone, and be cautious of phishing attempts that impersonate official project channels. When using decentralized exchanges or the Bling marketplace, double-check transaction details and smart contract approvals. Enabling two-factor authentication on any associated accounts and keeping wallet software updated are also recommended practices for protecting your TRACE holdings.