NFT Worlds is a gaming platform created by ArkDev and Temptranquil in October 2021. It is a fully decentralized, fully customizable, community-driven, play-to-earn gaming platform where world owners can create their limitless metaverse games or experiences for players or exclusive communities within their worlds.
The NFT Worlds development team is built on the philosophy of creating an open platform with contributions to the fullest extent possible by the open-source ecosystem. It currently uses Minecraft and its sprawling open-source ecosystem, NFT Worlds builds on the backbone of decades worth of open source development within the Minecraft community and radically expands on it to enable entirely new types of 3D voxel-based, decentralized gaming metaverses backed by the Ethereum Blockchain.
How NFT Worlds Work
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 and is procedurally generated. Worlds are composed of 2 elements. Their visual look & in-game experiences are attached to the blockchain, and their on-chain data & resource information will be tied to additional NFT World dApps, token distribution, and more.
By owning an NFT World, a user owns the rights to that world within the NFT Worlds’ ecosystem, the ability to build & own things built in that world, its in-game experiences, and much more.
It could be likened to a scarce piece of digital metaverse land that can be transformed into anything imaginable for others to play, experience, and more. All in a massively multiplayer setting.
An NFT World can be purchased from the secondary market on OpenSea. It should be noted that NFT Worlds does not directly sell worlds. All worlds were initially given away by the team for free at the initial stages. At the moment, the owners on the secondary market set the price for their worlds and determine their value through standard supply & demand.
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Tokenomics
$WRLD is the primary utility token and the token used when playing in an NFT World. It is an ERC-20 token built on the Ethereum blockchain and it was launched on the 27th December of 2021. The maximum supply of $WRLD tokens is 5,000,000,000 (Five billion tokens).
Functions of $WRLD
- Primary medium of exchange: $WRLD is the main medium of exchange within the NFT Worlds’ ecosystem. In many NFT Worlds, it is necessary for players to give world owners $WRLD tokens to access the content, perks, competitions, and more that 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 while staked make it available for rent. Owners set their monthly price to rent their staked NFT World in $WRLD token. Renting is optional for staked worlds.
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