Utherverse
Crypto Overview
Overview
Utherverse is a metaverse platform that is building a network of interconnected virtual worlds. The UTHX token is designed to serve as the native currency within this ecosystem.
Purpose and Utility
The intended purpose of UTHX is to facilitate transactions within the Utherverse metaverse, including purchasing virtual real estate, digital assets, and services. It also provides governance rights to token holders.
Business Model Evaluation
Upon investigation, there are concerns regarding the nature of some activities within the Utherverse platform. The platform includes adult-oriented content and gambling-like mechanics in some of its virtual worlds, which are problematic from an Islamic perspective.
Development and Adoption
The project shows active development with regular updates to their platform. However, a significant portion of the ecosystem's activities revolve around adult entertainment and gambling-style games.
Token Distribution
Token distribution information shows a relatively high concentration among early investors and team members, though this alone would not be a cause for concern from a Shariah perspective.
Crypto Impact
To assign a comfort level investing in Utherverse 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 Utherverse.
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.