The newly launched native WRLD token for metaverse project NFT Worlds pumped 233% in value in the first days of 2022. The token launched on December 30th and increased from $0.06 to around $0.20 at the time of writing.
Metaverse projects look set to dominate Q1 2022 as we leap into the new year with renewed enthusiasm for digital living. NFT Worlds, a fully decentralized, fully customizable, community-driven, play-to-earn gaming ecosystem, is one platform seeing increased attention as it released its multiplayer alpha test game.
There’s lots of excitement surrounding NFT Worlds, explaining the price increase of the WRLD token. A multiplayer test and the new roadmap got many excited about the project.
NFT Worlds builds on the backbone of decades worth of open source development within the Minecraft community and expands on it. Importantly, NFT Worlds are Minecraft compatible, enabling an entirely new type of 3D voxel-based, decentralized gaming metaverse backed by the Ethereum blockchain. The platform has attracted over 81% more unique active wallets in the last seven days, taking the number to 510. Those wallets completed 567 transactions.
What is NFT Worlds?
NFT Worlds is a collection of 10,000 unique worlds that make up a fully decentralized, massively multiplayer metaverse game where players own and can create limitless experiences & possibilities within each world. Each NFT World is a unique 3D voxel world composed of 2 elements. Their visual look and the in-game experiences attached to the blockchain, plus their on-chain data and resource information will be tied to additional NFT World dapps: token distribution and more in the future.
By owning an NFT World, you own the rights to that world within the NFT Worlds ecosystem, the ability to build its in-game experiences, and much more. Think of it as a rare piece of digital metaverse land that can transform into anything you can imagine for others to play, experience, and more.
What is the WRLD Token?
WRLD is an ERC-20 token built on the Ethereum blockchain. Players will use WRLD tokens to access exclusive experiences, items, perks, content, and more within NFT Worlds.
These tokens will be given to the owner of a world a player is playing in, in exchange for the specific experience, items, perks, content, etc., as promised by the world owner for a token transaction.
NFT Worlds exist in a way that means nearly any in-game experience, perk, item, or access to content created by world owners and require WRLD tokens from players in their world to access or participate in such content. Additionally, WRLD will be required to purchase optional, custom NFT World character NFTs. According to the platform, WRLD may sometimes be necessary for unannounced global NFT Worlds perks and content in the future.
NFT Worlds for Sale
Lands were originally minted on October 5th, 2021, with all land plots distributed for free. Furthermore, those early adopters have been airdropped WRLD tokens with the promise of more drops shortly. Hype is building, and land plots are selling fast on the secondary market. The platform has attracted 1,236 traders who completed 1,066 sales in the last seven days, generating over $10.7 million in sales.
Staking WRLD
Players will soon be allowed to stake multiple worlds, earning tokens for each world staked relative to the token earning formula. Importantly, tokens earned per world will not be reduced if you stake more than one world. Moreover, staked worlds will be playable. As stated by NFT Worlds, staking intends to incentivize the more significant expansion of the in-game ecosystem. The staking formula and mechanics details are expected to be released in January 2022.
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 ETH, BTC, AGIX, HEX, LINK, GRT, CRO, OMI, IMMUTABLE X, ENS, GALA, AVASTR, GMEE, CUBE, RADAR, FLOW, FTM, BNB, and ADA.
