Latest NFT Worlds 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.
Hyptopia, formerly NFT Worlds, introduced a new tokenomic update to its ecosystem which leverages $TOPIA and $USDC to transform player and creator experiences.
The Deets
- Frictionless Experiences: Players enjoy seamless wallet integration and transaction management.
- Dynamic Marketplace: Engaging first-party and peer-to-peer transactions with a unique fee structure.
- Blockchain Evolution: Hyptopia's blockchain infrastructure prioritizes decentralization and community engagement.
- Worlds and Utility: The platform's "Worlds" offer diverse utilities, fostering a vibrant creator economy.
The Bulk
At its core, Hyptopia is attempting to revolutionize gaming experiences. Central to this are self-custodied wallets, offering players a frictionless interface to manage $USDC and $TOPIA. The platform's marketplace is a hub of activity, supporting both in-game and peer-to-peer transactions, bolstered by a novel fee model.
Hytopia aims to achieve greater decentralization by also enabling community-curated partner games. Moreover, the introduction of "Worlds" in Hyptopia goes beyond mere aesthetics; they are fundamental to Hytopia's economic model, providing creators with tangible benefits and fostering a dynamic creator economy.
🧐 Wait, What?
Hyptopia's latest update may seem complex, but think of it as a futuristic arcade where your tokens ($TOPIA and $USDC) are keys to new games, experiences, and even creating your own games.
📊 By the Numbers
$TOPIA is up 45% in the last 24 hours to $0.05.
🔜 What's Next?
Hyptopia is aiming to bring in more partner games and enhancing the utility of "Worlds," fostering a more interconnected and robust gaming community.
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.
NFT Worlds is inticing developers and creators to build games on its new MetaFab platform via its new On-Chain Jam competition. The top three winners will split a $10,000 USD prize pool, according to a recent Discord announcement.
MetaFab is the new platform that NFT Worlds's infrastructure has been relocated to. Participants in the On-Chain Jam competition must utilize MetaFab system and APIs to create their games.
"We're excited to announce our first game jam! As you know, NFT Worlds infrastructure has been moved to be openly built on top of our MetaFab platform," the team wrote on Discord. "We're starting a trend of game jam competitions through MetaFab that are open to all developers to create games using the MetaFab systems and APIs."
NFT Worlds hopes to test the underlying infrastructure of MetaFab via these game competition prior to the release of its new game client.
The prizes are as follows:
- First Place: $7,500
- Second Place: $2,000
- Third Place: $500
For additional details on the competition and a full list of rules, see the official submission website here.
NFT Worlds announced an upgrade to its underlying infrastructure on Friday afternoon as the team is preparing for the future launch of the new Worlds platform.
The $WRLD Token Upgrade Proposal outlines the suggested changes to the $WRLD token. The underlying contracts have been outlined in a proposal available for hodlers to review and vote on. Holders are encouraged to the "wrld-upgrade-chat" channel in the Discord server to provide feedback and ask questions.
One of the main changes in the proposal is to move $WRLD to an uncapped token with a soft, internal cap of 5 billion tokens.The full proposal can be found here and holders will be able to connect their wallets and vote for or against the proposal.
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 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 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.
