Latest NFT Worlds News
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.
NFT Worlds hosted a Twitter Spaces earlier this afternoon to update its community following Minecraft's recent ban of NFTs in its game.
Below is a summary of what was discussed, not verbatim.
The project will now be transitioning into a "Minecraft-like game with backward compatibility."
Transitioning into a "Minecraft-like game" will apparently make the player experience easily transferable and give the team more control over the direction of the project in the long term.
While the game will be similar to Minecraft, the team assures the game will not be copied and pasted directly from Minecraft.
In regards to implementing the updates, the team said it plans for it to take "months not years" for it to be able to fully transition into the new game.
The team plans to keep users informed on the updates as well as releasing playable clients of the updates as they come out.
NFT Worlds also discussed the state of its treasury as many users have worried about the ability to pay for these transitions.
The team went on to say that it immediately converts its revenue into USD and that the treasury has "millions and millions of dollars to execute with."
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.
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%|
|Otherdeed for Otherside||360.00||-21.91%||2.53||-2.69%|
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.