NFT WORLD Price Stats
-
Market Cap: $3,791,654
-
Circulating Supply: 651,090,665 WRLD
-
Supply Cap: 5,000,000,000 WRLD
-
All-time High: $0.6208 -99.06%(February 19, 2022)
-
All-time Low: $0.004719 +23.39(November 10, 2022)
A Brief History of NFT WORLDS
NFT Worlds is a play-to-earn gaming platform that allows users to purchase virtual worlds and create their metaverse. The platform’s developers prioritized speed, and they discovered an interesting way to streamline the process. Instead of starting from scratch, the NFT Worlds team created a blockchain layer on Minecraft. That means the project’s virtual worlds will look exactly like those found in Minecraft, the best-selling video game of all time with over 100 million monthly players. The ecosystem is inspired by Mojang Studios’ massive open worlds in Minecraft. Thus, although the two companies are not affiliated, the virtual worlds of NFT Worlds use the open-source ecosystem of Minecraft. Microsoft-owned Mojang announced in July 2022 that Minecraft would no longer support NFTs and blockchain technology. Following the news, NFT World’s WRLD token dropped 60%; however, the company announced that it will develop a new game based on the “core mechanics of Minecraft.”
NFT Worlds (WRLD) can be purchased on Uniswap (V3) (Polygon), Uniswap (V3), LBank, MEXC, CoinEx, QuickSwap, BKEX, CoinW, and ZT. It has a coin market cap of $931 and is ranked #1253 on coin gecko.
The NFT WORLD Team
ArkDev and Temptranquil collaborated to create the project. NFT Worlds is supported by dozens of trusted developer partners who create content and gaming experiences, as well as several knowledgeable community moderators. The core team of five people was formed in September 2021, and NFT Worlds was born on October 5, 2021. 10,000 NFTs were minted and distributed for free as part of the launch. The ecosystem’s native token, WRLD, was released in December 2021.
Advantages of NFT WORLDS
- ReplayMod is a lesser-used mod that enables builders/players to record their gameplay. It’s mainly used by builders to record themselves building a structure and then used later on to make timelapse videos.
- Graphical Shaders make Minecraft look 100x better, and up to date.
- WorldEdit enables builders to create worlds very quickly and efficiently. It was first released in 2010 and used by almost every builder in Minecraft. This allows builders to create very epic structures.
Disadvantages of NFT WORLDS
- It’s “building on top” of Minecraft, which is not open source.
- There isn’t anything proprietary about NFTWorlds.
- Brands cannot create builds for their business.
Use Cases of NFT WORLDS
- The primary medium of exchange: $WRLD is the main medium of exchange within the NFT Worlds’ ecosystem. In many NFT Worlds, players must give world owners $WRLD tokens to access the content, perks, competitions, and more than world owners have created in their worlds.
- P2E: NFT Worlds has mechanisms for players to earn $WRLD tokens by playing games in worlds. Moreover, world owners may incentivize players to visit their worlds through competitions, free-to-play games, and more than reward players with $WRLD tokens.
- Staking: Staking of NFT Worlds provides world owners a way to lock up supply and earn $WRLD token while further benefiting the overall ecosystem of NFT Worlds. Additionally, world owners can stake their world and make it available for rent while staked. Owners set their monthly price to rent their staked NFT World in $WRLD tokens. Renting is optional for staked worlds
