MAJR DAO Report: NFT Worlds
Will NFT Worlds establish itself as a dominant competitor in digital real estate market?
In this special edition of MAJR News, we wanted to highlight content beyond the paywall to tell readers about a rapidly growing Metaverse project in the digital real estate and play-to-earn markets, NFT Worlds. The project is special for a number of reasons, but the one that stands out is its compatibility with MineCraft. Blockchain enabled games that leverage incentives schemes and digital assets allow players to earn tokens by playing the game, this is called “play-to-earn” (P2E). P2E crypto projects are becoming very popular, which makes sense given massive $200 billion global video game market.
This article was written by MAJR DAO community members, LaChime, TLenny and NIFFTI.
What is NFT Worlds?
NFT Worlds is a collection of 10,000 virtual worlds, established on the Ethereum blockchain. Individual NFT Worlds present endless opportunities to build and explore in many unique ways. These include a completely customizable and decentralized platform driven by the community where world owners are able to create their own metaverse games and experiences.
NFT Worlds is Minecraft compatible, giving world owners access to an open-source ecosystem where they can build 3D voxel-based creations in a decentralized, cross-platform fashion. Each NFT world is one of a kind and includes different environments, geographical attributes, natural resources, and rare features, giving world owners a variety of options to build unique creations.
Limitless Creative Potential
Individual worlds vary greatly across 215 unique traits covering a spectrum of environmental features, from Rich Oil Veins, to Avalanches, to Underwater Temples. This means that no two worlds can be the same in terms of geography, coordinates, resources, or in-game experiences.
Individuals, DAOs, and corporations can seek properties they want to develop their metaverse based on these parameters. Imagine Royal Caribbean cruises building their metaverse in “warm ocean water” and “exotic fish” worlds and Burton Snowboards building theirs in “snowy mountains” and “avalanche” worlds.
Thanks to the Minecraft integration, anyone can ‘break ground’ on their land immediately! Connect to a world from a PC or console system and begin building.
Minecraft: Open-Source Gaming Ecosystem
One of the most attractive features of NFT Worlds is using Minecraft as the decentralized metaverse platform to build communities, create games, and explore digital worlds.
In an effort to avoid misconstruing the technical workings behind this decentralized, open-source ecosystem we have included functionality notes from developer team themselves:
NFT World players use the "NFT Worlds Game Launcher" that automates the installation of NFT World specific Minecraft mods, quality of life visual upgrades, blockchain specific UI and more for their local Minecraft client. Players use this launcher anytime they play. In the future, players will also be able to access & play in NFT Worlds directly through a web browser.
The game launcher interacts with a smart contract that acts as a world server router. Allowing the game client to know in a decentralized manner where a specific world's server is hosted and how to connect to it. World owners have control of defining connection details for their world within the World Server Router contract.
The NFT Worlds server will be open-sourced and made available for anyone to use. It is compatible with Windows, OSX, Linux, etc. A world owner can host their NFT World for others to play using any cloud-based hosting provider, their own hosting infrastructure, the NFT Worlds hosting service, etc. By decoupling where each world server is hosted and letting world owners be in control of how they host their world, we naturally foster a decentralized hosted world ecosystem with all world lookups being done through the blockchain through our World Server Router smart contract.
World servers by default have all baseline compatibility required for an NFT World. This includes proximity voice chat, the Node.JS layer to sync in-world interactions with the blockchain and/or web apis, and much more. Additionally, world owners familiar with Minecraft server mods can easily integrate added functionality to their world. This allows popular Minecraft games like "Hunger Games", First person shooter mods, RPG type mods, and pretty much anything you can imagine. World owners could then link these in-world games back to a now possible play-to-earn model through the $WRLD token integration. The possibilities are limitless.
$WRLD - Unlocking P2E Potential
NFT Worlds’ proprietary ERC-20 token $WRLD opens the door to endless Play-to-Earn (P2E) potential. $WRLD is the utility token that the NFT Worlds’ ecosystem will operate with, allowing for in-game transactions, quest and competition rewards, and exclusive in-game content; users playing the game in an NFT world will pay the owner of the specific world $WRLD tokens in exchange for these benefits.
$WRLD tokens can be purchased on the decentralized exchange Uniswap and are rumored to be listed on popular centralized exchanges such as Coinbase in the coming weeks.
At the time of writing (2/27/2022), $WRLD is trading at $0.27 - up ~400% from its December ICO price of $0.069. There will only be 5,000,000,000 $WRLD tokens, distributed in an extended fashion to prevent liquidity events.
Gasless In-Game Transactions
A revolutionary feature of NFT Worlds’ tokenomics are the gasless $WRLD transactions. Utilizing the popular Layer-2 blockchain Polygon, the team of developers have manufactured an unprecedented method of token transfer that ensures blockchain-standard security at no cost to the user.
A common deterrent and immense scaling barrier for P2E games are high gas fees incurred by the player, yet NFT Worlds has managed to conquer this problem entirely. With this, players can simply log in to their Minecraft account and start earning $WRLD in their connected wallet immediately.
Staking
NFT Worlds’ long-term mission is to be the industry standard metaverse where no singular entity holds the keys and participation is facilitated by the community. One of the ways this vision is brought to fruition is via their staking and renting mechanisms.
In an effort to incentivize decentralization and create scarcity, NFT Worlds have reserved 35% of the total $WRLD supply, or 1.75 billion tokens, to be distributed to NFT owners that stake their world.
Staking allows for users to enter and exit the world, play games developed within that world and much more. Once staked, an owner can then charge a rental fee for their world; any player looking to develop an NFT World without having to put up the capital to purchase their own can simply rent an existing NFT World for a monthly $WRLD fee. Both of these utilities are optional for NFT World holders but incentivize participation in the ecosystem and foster a community-first mentality.
Metaverse Cross-Comparison
While NFT Worlds has not set out to dethrone any of the leading metaverse platforms, it has developed an innovative environment from which endless digital existence potential can blossom. The graphic below compares NFT Worlds to some popular existing metaverse and illuminates the significant advantages that NFT Worlds gives to developers, players, builders, and corporations.
Again, one of the hallmark features of NFT Worlds is its decentralized deployment technique. Unlike all applications on Web2 (and several on Web3), NFT Worlds leverages blockchain technology to not be dependent on a singular server to operate effectively. This preserves the value of the tokens and creates economies of scale as the project grows.
MAJR World #2040
We’re excited to announce that MAJR has big plans for NFT Worlds, in fact we’re building our own, NFT World #2040. We plan on bringing all aspects of crypto to our world including - building and developing the property, monetization through staking, gaming and building full blown cities for our community to come and build together. MAJR HQ is being built as we speak.
Stay tuned.
Get Involved in NFT Worlds
If NFT Worlds sounds like something worth gaining exposure, there are several avenues to pursue. This is not financial advice - we are not encouraging or discouraging any purchases/sales of any asset - and the following options are solely informational.
Buying $WRLD: Most simply, one can purchase the $WRLD token on Uniswap here. This gives exposure to the project at any entry price.
Buying an NFT Worlds NFT: Buying an individual NFT World is a more involved and participative way to invest in the project. Worlds have a much higher price barrier, currently 13.8 ETH ($38,640), and are much less liquid than $WRLD tokens. Individual worlds can be purchased here.
For more details on the project, visit these sources we gathered our info from:
https://opensea.io/collection/nft-worlds
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Metarun is the world's first-ever P2E, PvE/PvP endless mobile runner game universe that empowers its players with fully customizable ownership of NFT assets.
https://metarun.game/