NFT Worlds
Crypto Overview
Overview
NFT Worlds is a cryptocurrency and metaverse platform built on Ethereum and Minecraft technologies. The WRLD token serves as the native currency within the NFT Worlds ecosystem.
Purpose and Utility
The WRLD token is designed to facilitate transactions within the NFT Worlds metaverse, including land purchases, in-game items, and experiences. Following Microsoft's ban on NFT integration in Minecraft in 2022, the project pivoted to developing its own game engine and metaverse platform.
Business Model Analysis
The platform aims to create a decentralized gaming metaverse where users can own virtual land, create experiences, and engage in player-to-player commerce. The business model is based on facilitating virtual world creation and commerce, with no inherent elements of gambling or interest-based activities.
Current Usage and Adoption
After the Minecraft integration setback, the project has been focusing on developing its own gaming infrastructure. While development continues, current usage is primarily focused on trading and holding the token in anticipation of the platform launch.
Development Activity
The team maintains regular development updates and community engagement through their official channels. They are actively working on their proprietary game engine and metaverse infrastructure.
Token Distribution and Governance
The token distribution appears reasonably balanced, with no concerning concentration in founder wallets. The project maintains transparency regarding token allocations and uses.
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.