Everyworld

Overview

Everyworld is a recently launched cryptocurrency ecosystem that aims to facilitate virtual world creation and experiences on blockchain. Based on available information as of early 2024, the project appears to be in early stages of development.

Purpose & Utility

The stated purpose of EVERY token is to serve as the governance and utility token for the Everyworld ecosystem, enabling users to create and monetize virtual experiences and digital assets. However, due to the early stage of the project, insufficient public information is available to fully verify current real-world adoption and usage patterns.

Business Model Analysis

The core business model centers around virtual world creation and digital asset ownership - activities that are generally permissible from an Islamic finance perspective as they involve actual ownership and transfer of digital assets. The project documentation does not indicate any inherent involvement in prohibited activities like gambling, interest-based lending, or adult content.

Development Activity & Adoption

While development appears to be ongoing based on GitHub activity, the project is still in early stages with limited verifiable data about actual adoption rates or active users. This early stage status does not impact halal classification but is noted for transparency.

Token Distribution

Specific details about token distribution and vesting schedules were not readily available in public documentation at the time of this analysis. This lack of information affects transparency but does not inherently impact halal classification.