Leading GameFi dapp MOBOX has unleashed its much anticipated MOMOverse today, and 24-hour metrics are peaking as waves of players join the fun. MOMOverse lets players take part in an immersive gaming experience where they can choose a profession and display a personalized avatar while still generating a yield through gamified finance mechanics.
Summary
- MOBOX launched its MOMOverse, and user avatars on April 5
- Active wallets shot up 510% to almost 56,000 in 24 hours
- Transactions increased by more than 275% to 64,920 in the last 24 hours
- MBOX token climbed 50.8% in the previous seven days and 2.2% in the last 24 hours
MOBOX surges
The release of MOMOverse on April 5 has sent MOBOX up the DappRadar rankings, where it currently sits as the 15th most used dapp across all categories in the last 24 hours. Notably above Axie Infinity when considering on-chain data. At writing, the number of wallets connected to MOBOX swelled more than 510% over the previous 24 hours, reaching almost 56,000, while the number of transactions followed suit, climbing more than 275% to almost 65,000.
MOBOX and the launch of the MOMOverse are arguably laying a solid foundation for others to watch. The GameFi dapp is a regular top 10 entry over the last 12 months. The dapp captured the imaginations of those looking to engage with DeFi mechanics, except with additional fun baked in. More importantly, it has retained and expanded its player base month over month, solidifying its position as a top 10 game. MOBOX looks set to keep growing as more become aware of the GameFi product category.
MOMOverse puts BNB Chain games on the map
Mobox NFT Farmer attracted more than $27 million in NFT trading volume in March, and its native token MBOX almost doubled in price. This spike in activity and valuation was caused by the launch of important updates on the platform and hype building around the launch of MOMOverse and avatars. You can read more about Mobox’s rise to prominence here in our latest deep dive into the success of the gamified finance platform.
What is the MOMOverse?
The MOMOverse lets players experience an immersive and casual gaming experience. They can choose a profession with several choices available, including a shopkeeper, builder, and farmer. To aid the platform’s virality and social reach, the MOMOverse will also have a network of social games embedded. These include resource islands, party farming, guild wars, the league of Avatars, and more.
Within the MOMOverse the MOmarket will facilitate the easy trading of NFT items. Residents can also access a MOseum, allowing them to showcase MOMO NFTs and digital collectibles from outside the MOMO universe. The MOBOX Creator lets players design and mint NFT assets that can be used or sold to other players.
Vitally, MOMOverse has said they will release a second phase update that includes a MOMOverse World Map and MOland gameplay. Players and guilds can explore and compete for their territory. You can find a comprehensive breakdown of MOMOverse features and a roadmap here.
The MOBOX Avatar is the identity and is a unique WEB3 ID used in the MOMOverse. Players who hold Avatars can participate in MOprofession, MOsocial and MOMO Home. Subsequent games in the MOMOverse will have specific requirements for Avatar rarity.
Last week, eligible players were in line to receive avatar chests, with those players who didn’t qualify allowed to buy avatar chests in the MOMOverse. Opening the Avatar chest mints a new avatar, and the avatar ID starts from 1000 and accumulates sequentially. Players can also replace the avatar they hold into an avatar chest in MOMOverse for a fee and will cancel the original avatar ID. The future looks bright for MOBOX as forthcoming developments promise NFT land and other utilities with earning possibilities.
The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds positions in various cryptocurrencies, including BTC, ETH, and RADAR.
