Creta World
Crypto Overview
Overview
Creta World is a blockchain-based platform that aims to provide a decentralized ecosystem for NFT and metaverse gaming. The project positions itself as a Web3 gaming platform where users can create, trade, and play games using NFTs.
Purpose and Utility
The CRETA token serves as the native utility token for the Creta World ecosystem. Its intended uses include: governance participation, in-game purchases, NFT trading, and platform fee payments.
Business Model Analysis
The platform's core business model revolves around gaming and NFT trading, which are permissible activities from an Islamic perspective as they involve actual asset ownership and value exchange. The platform does not appear to incorporate any lending or interest-bearing mechanisms.
Development and Adoption
The project shows active development with regular updates to their platform and ecosystem. While adoption is still in early stages, this does not impact its Sharia compliance assessment.
Token Distribution
Token distribution information shows allocation to development, marketing, and ecosystem growth. Standard vesting schedules are in place for team tokens, which is a common practice in legitimate projects.
Crypto Impact
To assign a comfort level investing in Creta World from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Creta World.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.