For Meta World
Crypto Overview
Overview
For Meta World (4MW) is a metaverse and GameFi cryptocurrency token launched in 2023, aiming to provide a decentralized platform for virtual world interactions and gaming experiences.
Purpose and Utility
The stated purpose of 4MW is to serve as the native currency for its metaverse ecosystem, enabling users to purchase virtual assets, participate in games, and engage in virtual commerce. The token also provides governance rights to holders.
Business Model Analysis
The project's business model centers around creating a virtual world where users can own and trade digital assets, participate in games, and interact with other users. The core activities involve legitimate asset ownership and transfer, with no inherent interest-bearing mechanisms or gambling elements.
Development and Adoption
The project is in its early stages with ongoing development. While current adoption is limited, the development team appears active in building out the platform's infrastructure and establishing partnerships for virtual world integration.
Token Distribution
The token distribution includes allocations for development (30%), ecosystem growth (25%), team (20%), and public sale (25%). Team tokens are subject to a 2-year vesting period with gradual unlocks, showing commitment to long-term development.
Technology and Revenue Model
The platform generates revenue through transaction fees from virtual asset trades and platform services. The core technology focuses on virtual world interaction and digital asset ownership, without any lending or interest-bearing components.
Crypto Impact
To assign a comfort level investing in For Meta 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 For Meta 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.
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