Genesis Worlds
Crypto Overview
Overview
Genesis Worlds (GENESIS) is a metaverse gaming platform and NFT ecosystem built on Ethereum. The project aims to create interconnected virtual worlds where users can own land, create content, and participate in play-to-earn gaming experiences.
Purpose and Utility
The GENESIS token serves as the governance and utility token for the Genesis Worlds ecosystem. Token holders can participate in platform governance, purchase virtual land and in-game assets, and earn rewards through gameplay and content creation.
Business Model Analysis
The platform focuses on gaming and virtual world development, which are permissible activities under Islamic principles. The ecosystem does not involve interest-bearing mechanisms, gambling, or other prohibited activities. Revenue is generated through NFT sales, marketplace fees, and virtual land transactions.
Development and Adoption
The project shows ongoing development activity with regular updates to their platform. While adoption is still in early stages, there is evidence of active community engagement and growing interest in the virtual worlds being created.
Token Distribution
The token distribution appears reasonable with allocations for development, community rewards, and ecosystem growth. Team tokens are subject to vesting periods, showing commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Genesis Worlds 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 Genesis Worlds.
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.