Multiverse
Crypto Overview
Overview
Multiverse is a blockchain gaming project using NFTs and its native MVS token. The platform aims to create an interconnected gaming ecosystem where players can use and transfer assets across different games.
Purpose and Utility
The MVS token serves multiple functions within the Multiverse ecosystem: governance rights for holders, in-game currency for purchases, and rewards for players participating in games. The project focuses on creating blockchain-based games with interoperable assets.
Business Model
The project generates revenue through NFT sales, marketplace fees, and game-related transactions. All identified revenue streams involve actual asset exchanges and do not rely on interest-bearing mechanisms or gambling.
Development and Adoption
The project shows ongoing development activity with regular updates to their gaming platform. While adoption is still in early stages, there is evidence of actual usage in their gaming ecosystem.
Token Distribution
Token distribution information shows a structured allocation with vesting periods for team and early investors, indicating measures to prevent market manipulation.
Technology Assessment
The platform operates on legitimate blockchain technology, facilitating actual ownership and transfer of digital assets. The gaming mechanics do not involve gambling or chance-based outcomes that would create concerns from an Islamic finance perspective.
Crypto Impact
To assign a comfort level investing in Multiverse 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 Multiverse.
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.