NFT Worlds
Crypto Overview
Project Overview
NFT Worlds is a decentralized gaming platform built on Ethereum that aims to create an open metaverse gaming ecosystem. The WRLD token serves as the platform's native currency for transactions, gameplay mechanics, and governance.
Intended Utility
The WRLD token is designed to facilitate in-game purchases, reward players and developers, enable governance voting, and power the platform's play-to-earn mechanics. The ecosystem allows developers to create gaming experiences using custom worlds and monetize their content.
Actual Utility Assessment
The project faced significant challenges when Minecraft banned NFT integrations in July 2022, forcing a complete platform rebuild. The team is currently developing their own game engine and platform called 'Worlds' to maintain their original vision, though this has significantly impacted adoption and utility.
Token Distribution and Governance
The total supply is 500 million WRLD tokens, with initial distribution including team allocation (15%), development fund (10%), and community treasury (75%). Team tokens have vesting periods to prevent immediate selling.
Development Activity
While the team maintains regular development updates, the transition to building their own game engine has slowed immediate utility. The project shows consistent GitHub activity and development progress reports.
Crypto Impact
To assign a comfort level investing in NFT 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 NFT 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.