NFT Worlds

NFT Worlds Announces New Tech, $WRLD Price Jumps
Staff Writer

NFT Worlds is inviting users to join the closed beta of a new technology it says can help developers integrate crypto into their games.

NFT Worlds, which has been building its own infrastructure after Minecraft banned NFT-based games, introduced the free-to-use MetaFab on Thursday saying it will "serve as the backbone for forward-thinking developers to springboard on-chain games."

"The hundreds to thousands of hours its collectively taken us to build the same infrastructure and systems that MetaFab now offers out of the box, you can get up and running within minutes," documents on the MetaFab say. "MetaFab is what we wish we had when we started."

MetaFab lists several developer-specific benefits to its technology, including the promise of "gasless" transactions, smart contract deployment and in-game currency economies.

MetaFab also says the NFT Worlds token $WRLD will have "default support" in MetaFab and developers can choose to use $WRLD instead of maintaining their own currency.

The $WRLD token is up more than 22 percent today to $0.01184 and up 84 percent over the last week.

 

NFT Worlds Announces New Tech, $WRLD Price Jumps
NFT Worlds Provides Updated $WRLD Tokenomics
Lou Sherman

NFT Worlds tweeted out a 23-page document on Friday that outlined the updates to the tokenomics of $WRLD 2.0. $WRLD is the fixed supply, the in-game currency to power the NFT Worlds ecosystem. The updates to $WRLD 2.0 focused on token stability, player economics, scalable token sinks, and game theory. 

$WRLD 2.0 plans to standardize the core economy of the game by using proven gameplay mechanics and equipping in-game builders with more options to be able to circulate the token within the ecosystem. The team plans to provide player-friendly tools to create, making it easier for holders to build, sell and trade items within the game through custom visuals.

NFT Worlds will support a FIAT-$WRLD onramp, making it easier for new players to get involved. Players will be able to purchase $WRLD directly with credit cards through a Moonpay integration. Creators will be incentivized to attract and retain new players through quality content and experiences.

The token supply allocations will be restructured based on the new ecosystem's intricacies. The primary change is that play-to-earn rewards have been reduced from 50% to 28% in the allocation, with the 22% being split between the incentives for $LP-WRLD staking and centralized exchange liquidity.

NFT Worlds Provides Updated $WRLD Tokenomics
NFT Worlds Announces "2.0 Days"
Staff Writer

NFT Worlds posted a cryptic tweet with an image that only says "2.0 Days" earlier this evening.

There are currently no details as to if this means the team will be making an announcement in two days or something else.

However, many users in the NFT Worlds Discord server are speculating that this could have something to do with updates to the project's tokenomics. 

Earlier this month, NFT Worlds had to pivot as the platform it used for its metaverse, Minecraft, announced that it would be banning NFTs from its game.

Following the news of the ban, NFT Worlds saw its floor price crash to around 0.60 ETH but it has since recovered to its current price of 1.27 ETH according to the Lucky Trader Project Rankings.

NFT Worlds Announces "2.0 Days"
NFT Worlds Creating New Game and Platform
Logan Hitchcock

NFT Worlds is creating a new game and platform according to a statement released about the future of the project.

The announcement comes after Minecraft, the gaming universe on which the project was previously built, abruptly decided to ban NFTs

The new NFT Worlds game and platform will be based on the mechanics of Minecraft, but with "modernization and active development Minecraft has been missing for years." 

According to the announcement, NFT Worlds has already started bringing together top Minecraft ecosystem developers to pursue its new vision. 

The NFT Worlds floor price has experienced heavy volatility amidst all the latest announcements and changes. On Wednesday after the Minecraft announcement, the floor price initially crashed more than 70 percent, to 0.67 ETH. However, after the team reiterated its intentions to keep building, the floor price crept back above 1 ETH. 

At the time of writing, the NFT Worlds floor price has swiftly moved towards 2 ETH, buoyed by a 19 NFT sweep that came approximately 20 minutes before the announcement was disclosed via the NFT Worlds Discord and Twitter. 

 

NFT Worlds Creating New Game and Platform
The Sandbox, Treeverse Plots, and Worldwide Webb Land See Increase in Volume Following Minecraft's NFT Ban
Staff Writer

Earlier this afternoon, Microsoft announced that it would be banning the use of blockchain technologies in Minecraft

This was bad news for NFT Worlds as the project runs its metaverse through Minecraft. Following the announcement, the NFT Worlds floor price got as low as 0.63 ETH and it now sits at 1.10 ETH, a decrease of more than 60 percent over the last 24 hours.

While the NFT Worlds floor price has been volatile, let us see how other metaverse land collections have faired over the past 24 hours according to the Lucky Trader Project Rankings.

Project Volume (ETH) Volume Change Floor Price (ETH) Floor Price Change
Worldwide Webb Land 10.00 +150.00% 0.48 +10.64%
Treeverse Plots 12.00 +140.00% 1.08 -6.92%
Otherdeed for Otherside 360.00 -21.91% 2.53 -2.69%
The Sandbox 44.00 +33.33% 1.79 +0.00%
BYOLand 2.00 -33.33% 0.28% -8.03%
The Sandbox, Treeverse Plots, and Worldwide Webb Land See Increase in Volume Following Minecraft's NFT Ban
NFT Worlds Releases Upcoming Plans
Staff Writer

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 floor price for the project is currently 1.0 ETH.

NFT Worlds Releases Upcoming Plans
NFT Worlds Floor Price Crashes Following Minecraft Ban
Staff Writer

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.

NFT Worlds Floor Price Crashes Following Minecraft Ban

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