NFT Worlds
Crypto Overview
Purpose and Utility
NFT Worlds (WRLD) is the native token of a gaming metaverse platform built on Minecraft-compatible technology. The token serves multiple utilities within the ecosystem: purchasing virtual land NFTs, in-game currency for players, rewards for gameplay, and governance rights for holders.
Business Model Analysis
The project aims to create a decentralized gaming ecosystem where players can own virtual land, play games, and earn rewards. After Microsoft's ban on NFT integration with Minecraft in 2022, the team pivoted to developing their own game engine compatible with Minecraft-style gameplay.
Real-World Adoption
The project maintains active development despite setbacks. The team regularly provides updates on their progress in building their proprietary game engine. The token is actively traded on decentralized exchanges and has a committed community of holders and developers.
Platform Development
Development activity is verifiable through their GitHub repositories and regular technical updates. The team continues to work on their game engine, though progress has been slower than initially projected.
Token Distribution
WRLD has a transparent token distribution model with clear allocations for development, community rewards, and team incentives. Team tokens have vesting schedules to align long-term interests.
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”.
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