Vidya
Crypto Overview
Project Overview
VIDYA is a gaming and NFT-focused cryptocurrency that aims to create an ecosystem for game developers and players. The project includes a game development platform, NFT marketplace, and various gaming-related features.
Purpose and Utility
The primary stated purpose of VIDYA is to serve as a utility token within its gaming ecosystem. It's used for purchasing in-game items, trading NFTs, and accessing platform features. The token is actively used within the Team3D gaming platform and associated games.
Business Model Analysis
The business model centers around gaming and NFT trading, which are permissible activities from an Islamic perspective as they involve the exchange of digital assets with real utility. The platform does not appear to incorporate any interest-bearing mechanisms or gambling features in its core functionality.
Development and Adoption
The project shows ongoing development activity with regular updates to their gaming platform. While adoption remains limited, this isn't relevant for Sharia compliance purposes. The development team maintains active GitHub repositories and regularly updates their gaming ecosystem.
Token Distribution
The token distribution appears reasonable, with no concerning concentration in founder wallets that might suggest a scheme to enrich founders. There are vesting periods in place for team allocations.
Technology Assessment
The underlying technology focuses on gaming infrastructure and NFT functionality. The project doesn't involve interest-bearing mechanisms or lending protocols in its core features.
Crypto Impact
To assign a comfort level investing in Vidya 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 Vidya.
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.
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