NFT Worlds is a play-to-earn (P2E) metaverse platform that draws inspiration from Minecraft and operates on blockchain technology. Players can buy non-fungible tokens (NFTs), delve into community-built metaverses, enjoy games, and earn cryptocurrencies—an emerging trend known as GameFi. Participants gather distinctive pieces of digital real estate, with game terrains being algorithmically generated, leading to expansive virtual environments. The NFT Worlds collection comprises 10,000 different worlds.
The platform takes cues from the vast open realms of Minecraft, a creation by Mojang Studios. Consequently, the virtual landscapes in NFT Worlds leverage Minecraft's open-source structure, albeit without any direct ties between the two entities. In July 2022, Mojang, now under Microsoft's wing, declared that Minecraft would not incorporate NFTs or blockchain. This announcement led to a 60% drop in the value of NFT World's WRLD token. In response, the company revealed plans to develop a new game centered on Minecraft's "core mechanics."
Driven by a decentralized community, the platform operates on Ethereum. NFT Worlds has introduced its own in-game digital currency, the WRLD token, which players can earn through gaming. Additionally, WRLD tokens can be won in the ecosystem's mini-games.
Who Are the Founders of NFT Worlds?
NFT Worlds was co-founded by developers known as ArkDev and Temptranquil. The project is supported by numerous trusted developer partners who contribute content and gaming experiences, alongside several proficient community moderators. The main team, consisting of five individuals, came together in September 2021, and by October 5, 2021, NFT Worlds officially launched. During the launch, 10,000 NFTs were minted and distributed at no cost. WRLD, the ecosystem's native token, made its debut in December 2021.
What Makes NFT Worlds Unique?
Despite the ban, NFT Worlds announced that it would maintain "backwards compatibility with existing Minecraft server development plugins and practices." This enables current creators to continue expanding on the Minecraft platform. Furthermore, anyone can create their own universe and generate income from a virtual realm by staking, renting, and collecting commissions for impressions, services, and experiences. Players can explore 10,000 worlds, use portals to connect them, and transfer ownership of assets, NFTs, and virtual worlds.
NFT Worlds also provides: a social networking metaverse where players interact; a captivating universe filled with battles, challenges, and exploration; and a role-playing game metaverse focused on storyline with multiple chapters of content.
The gaming experience is user-friendly and adaptable; familiar controls, easy-to-use tools, and customizable game mechanics are offered to players. Each world is uniquely crafted, blending various game traits. The more uncommon features a world has, the more privileges and exclusive functions its owner gains, leading to greater profits from staking.
The overarching aim of NFT Worlds is to evolve into an open ecosystem featuring diverse and remarkable metaverses and NFT projects.
How Many NFT Worlds (WRLD) Coins Are There in Circulation?
$WRLD is a native cryptocurrency and utility token of NFT Worlds, hosted on the Ethereum network. It also functions on the layer-2 scaling solution, Polygon, which enhances efficiency, boosts scalability, and cuts down gas fees.
The WRLD token offers several features: it acts as an in-game currency, with world owners charging WRLD tokens for access to special experiences, unique content, rare items, and global perks. Players can complete missions, participate in competitions, win battles, and earn WRLD tokens. These tokens can also be used to buy additional custom NFTs. Players can stake their WRLD tokens, earn rewards, and help develop the entire ecosystem. Virtual world owners have the option to rent out their worlds for WRLD, earning staking rewards and rental fees.
The WRLD tokenomics are structured as follows: the total supply is capped at 5,000,000,000 coins, distributed in this way: 50% (2,500,000,000 $WRLD) for P2E rewards; 10% (500,000,000 $WRLD) for NFT Worlds owners; 35% (1,750,000,000 $WRLD) for staking reserves; and 5% (250,000,000 $WRLD) for team reserves (used for promotions, partnerships, and growth).
As of August 2022, over 590 million $WRLD (12%) are in circulation.
How Is the NFT Worlds (WRLD) Network Secured?
NFT Worlds is built on the Ethereum blockchain, which currently operates on a proof-of-work (PoW) consensus mechanism. However, it is planned to transition to a proof-of-stake (PoS) system through the Ethereum Merge, significantly cutting down the energy and computing power needed for transaction verification, while allowing the utilization of various applications and ensuring the secure protection of staked funds.
NFT Worlds (WRLD) has undergone an audit by CertiK, which uses advanced formal verification technology to assess smart contracts, blockchain protocols, crypto wallets, and decentralized apps.
Where Can You Buy NFT Worlds (WRLD)?
If you're interested in purchasing NFT Worlds (WRLD), it can be found on platforms like Uniswap (V3) (Polygon), Uniswap (V3), LBank, MEXC, CoinEx, QuickSwap, BKEX, CoinW, and ZT.
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