OneRare Foodverse
Crypto Overview
Purpose and Intended Use
OneRare is positioned as the world's first food metaverse (Foodverse) cryptocurrency. The ORARE token is designed to facilitate transactions within a virtual world focused on food, restaurants, and culinary experiences. The platform aims to connect the global food industry to Web3 technology, allowing users to collect NFT recipes, play food-themed games, and interact with virtual representations of real restaurants and food brands.
Business Model Evaluation
The project's core business model revolves around creating a digital ecosystem for the food industry, including NFT creation, gaming elements, and virtual restaurant experiences. The platform partners with real-world restaurants and food brands to create digital representations of their offerings.
The business model appears to be halal-compliant as it involves:
- Legitimate exchange of digital assets (NFTs and tokens)
- Real partnerships with food industry participants
- Clear value creation through digital representation of food assets
- No involvement in prohibited activities like gambling or interest-based transactions
Real-World Adoption and Usage
The project has established partnerships with several restaurants and food brands, though specific usage metrics are limited. The platform primarily focuses on NFT creation and gaming elements related to food, with actual implementation still in development phases.
Platform Development Activity
Development activity appears to be ongoing, with regular updates to the platform's features and partnerships. The project maintains active social media presence and continues to announce new collaborations within the food industry.
Crypto Impact
To assign a comfort level investing in OneRare Foodverse 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 OneRare Foodverse.
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.