Latest NFT Worlds Avatars News
HYTOPIA announced a major expansion, including onboarding partner games to its new HYCHAIN and migrating to Arbitrum's Anytrust technology.
The Deets
- 🌐 Expansion: HYCHAIN to onboard strategic partner games
- 🔄 Technology Shift: Migration to Arbitrum's Anytrust Technology, with Arbitrum support
- 🤝 Merger: MetaFab merges into HYCHAIN
- 🚀 Upcoming: HYCHAIN node sale inspired by XAI Games
The Bulk
HYTOPIA Chain, now referred to as HYCHAIN, is taking a giant leap forward in the web3 gaming sector. The expansion includes a new focus on integrating partner games into its ecosystem and a transformation from Polygon's Edge to Arbitrum's Anytrust technology.
Furthermore, MetaFab, known for its blockchain-based API solutions, is merging into HYCHAIN. This integration will streamline blockchain functionalities like game currencies and on-chain items, making them more accessible for game developers.
Last but not least, HYCHAIN is drawing inspiration from the recent XAI node sale, and will run its own in February or March. This sale aims to bolster network security and fund the newly formed games division. Operators of these nodes will be rewarded with a substantial allocation of $TOPIA tokens and a percentage of sequencer fees.
🎤 Project Prose
Our team strongly believes that in a world of gaming L2's where low level chain technology and infrastructure will quickly become table-stakes, that layered, proprietary technology offerings on top of these chains for partner games will server as one of the key differentiators for attracting the best games & studios.HYTOPIA
🔜 What's Next?
The exact date for the HYCHAIN node sale is yet to be announced, with expectations set for sometime in February or March of this year.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
HYTOPIA is restructuring on-chain control of uncirculated $TOPIA tokens to enhance transparency and efficiency.
The Deets
- Over 1 billion $TOPIA tokens to be minted for world staking rewards
- Cex/Faucet allocation moving to a multisig wallet controlled by HYTOPIA Foundation
- Unvested team supply to be timelocked, vested supply moved to a team-controlled wallet
- Avatar staking rewards and unclaimed tokens for world owners to see significant changes
The Bulk
HYTOPIA is taking steps to restructure the on-chain control of its uncirculated $TOPIA tokens. This strategic shift aims to ensure the stability and transparency of the token’s ecosystem. The significant changes include:
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Minting more than 1 billion $TOPIA tokens for world staking rewards, which will be locked in the staking contract. This differs from the past practice of depositing tokens as staking rewards depleted.
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Moving the Cex/Faucet allocation, constituting 24% of the total supply, to a unique multisig wallet. This wallet will be under the control of the HYTOPIA Foundation, with future directors assigned as signers.
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Restructuring the team supply with the unvested portion moving to a timelocked contract per the vesting schedule. The already vested supply will be minted and transferred to a team-controlled multisig wallet.
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Shifting the avatar staking reward supply of $TOPIA to a separate multisig wallet, to be utilized once avatar staking contracts and systems are deployed.
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Airdropping the remaining unclaimed tokens to current world owners, specifically for those worlds that never had their first or second airdrop claimed, amounting to approximately 23 million of the 500 million tokens.
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Transferring the $LP-Staking reward tokens to a unique multisig wallet, to be later deposited in batches into the LP staking rewards contract.
📊 By the Numbers
The $TOPIA token is up 86% this week to $0.094 whilst the HYTOPIA Worlds NFTs have jumped 57% to 3.8 ETH.
🎤 Platform Prose
The goal here is effectively to move the remaining supply of tokens into locked mechanisms of custody or to their intended systems where they already exist, we need to do this for a number of reasons.HYTOPIA
🔜 What's Next?
HYTOPIA's restructuring process is expected to begin in the coming days. Token holders and interested parties should stay informed and watch for further updates and instructions regarding these changes.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
HYTOPIA, formerly NFT Worlds, announced a significant $3 million fundraise spearheaded by Delphi Digital and Delphi Ventures, marking an advancement towards revolutionizing the gaming world.
The Deets
- Rebranding & Vision: Formerly known as NFT Worlds, HYTOPIA merges cutting-edge social and modern features for players while providing a robust game creation toolkit for developers.
- Inspiration & Monetization: The platform boasts a Minecraft-inspired playstyle and is focusing on creator tools and unrestricted game development. HYTOPIA introduces an open and transparent monetization layer, propelled by its proprietary L2 blockchain and the $TOPIA currency.
- Team & Partnerships: The initiative has collaborated with notable figures like @pierskicks and @YanLiberman. Together, they're navigating the challenges of creating web3 games and User-Generated Content (UGC) game platforms.
- Stay Tuned: A public beta for HYTOPIA is on the horizon, with over a million players already pre-registered.
The Bulk
HYTOPIA successfully raised $3M, led by Delphi Digital and Delphi Ventures. Previously known to web3 as NFT Worlds, HYTOPIA aims to be more than a gaming platform. Its emphasis? A seamless blend of contemporary and social features for its player base. The platform offers developers a versatile game creation toolkit that echoes the beloved Minecraft playstyle.
With a focus on creator tools, the platform is diving into the realm of unrestricted game development. The cherry on top? A transparent and open monetization layer with its own L2 and $TOPIA token.
🎤Founder Feedback
For those unfamiliar, HYTOPIA (previously NFT Worlds) is a game platform & engine crafted from the ground up & it blends long-sought social and modern features for players with a flexible, monetizable game creation toolkit for developers within a Minecraft-inspired playstyle.HYTOPIA
🎬Take Action
Interested in playing? The public can register now and join the reported one million plus gamers awaiting HYTOPIA's beta: preregister.hytopia.com
🔜What's Next?
HYTOPIA is readying itself for a public beta release in the upcoming months.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
Following the news of Minecraft banning the use of blockchain technologies from its platform, the NFT Worlds team has officially made a statement in a recent Discord announcement in regards to the news.
The team leads off by saying that the statement from Microsoft, the owners of Minecraft, came "out of nowhere" and that it is currently working through solutions.
NFT Worlds is in now the process of trying to get in contact with the team who was in charge of this decision at Microsoft to discuss the details of this policy change.
However, the team is aware of the possibility that this may not get overruled and have a couple of contingency plans in place just in case.
In the announcement, NFT Worlds stated that it is willing to "transition into our own Minecraft-like game engine" by purchasing the necessary engines and hiring a development team to build it.
The other route the team has considered is pivoting to a "GameFi platform" citing that the transition would be "quick and easy" due to them having developed the technology for it already in case of an event like this occurring.
While the NFT Worlds floor price has been down more than 70 percent at certain points today, there has been a net of 75 profitable wallets (those that have made 50 ETH in profit through trading) buying into the project.
The NFT Worlds floor price is down more than 70 percent today and currently sits at a 0.67 ETH floor price according to the Lucky Trader Project Rankings.
The crash immediately followed the news that Minecraft, the platform the project was using for its metaverse, had decided to ban the use of blockchain technologies in its game.
Members from the NFT Worlds team told users in regards to the news that "we are just as blindsided as you are" in a recent Discord announcement.
The Genesis Avatars collection from NFT Worlds has now revealed. Currently, 11,501 of a total 15,000 pieces have been minted from this collection, while the remaining ~3,500 are still available to be minted via the project's website for 0.4 ETH. Genesis Avatars hold a floor price of 0.3 ETH as of 7:10 p.m., ET.
Visit our Asset Explorer page to find out where your avatar ranks within the collection.
