NFT Worlds are a collection of 10.000 metaverse land NFTs that was distributed as a free mint in early October of 2021. They aim to be one of the most prominent metaverse land projects in the entire NFT space, connecting gaming, socializing, and entertainment into one.
The founders, ArkDev and Temptranquil, are semi-doxxed. They did not publicly release their names, but you can check out their AMA on Youtube that they attended on camera. They also have some interviews with other YouTubers. The rest of the team consists of community managers and moderators. The core of the community are builders in Minecraft. There are over 100 different active builders already involved. Some other NFT projects such as The Doge Pound and RTFKT have purchased their plots and are developing inside NFT Worlds.
Their vision is to create a decentralized, cross-platform, and community-driven play-to-earn gaming metaverse. The game is currently only playable in alpha mode, but you can check out how creators are developing their worlds inside it in the “play” section on their website.
Once the game blossoms in its full potential there should be regular play-to-earn competitions, community hangouts, a fully functional marketplace, and quests within the game.
The project had a period of stagnant price action for a few months after its release, but then just exploded in December 2021, peaking slightly below 20 eth floor in early February of 2022. Since then the hype subsided and it is now trading at around 3 eth.
The team has allocated $5 million funds to content creation incentives and $3 million funds to player incentives. This acts as their main source of marketing in the future and the money will be given out slowly over the years to users that actively work on bringing new players to the project through referral programs and to the ones that onboard content creators that launch a metaverse inside NFT Worlds.
The land plots of NFT Worlds are inside Minecraft. This decision had many contributing factors behind it, such as the fact that Minecraft has a familiar set of game controls and an already working game and that it is easy for newcomers and veterans to build inside it. It also has many years of open-source development behind it and the game is easy to access for people that are not into cryptocurrencies or NFT, thus lowering the barrier to entry significantly in comparison to other metaverse land projects.
One of the main reasons that the founders chose to build inside Minecraft is its popularity. The project aims to attract even a small percentage of Minecraft’s player base which is substantial, with 141 million active monthly users recorded in late 2021. If NFT Worlds succeed in this endeavor, it could be one of the largest and most frequently used metaverses.
Each of the 10.000 land plots consists of 16.000.000 x 16.000.000 blocks. This allows for nearly infinite possibilities to develop your very own metaverse on just one land plot.
All NFT Worlds NFTs are very diverse in terms of their resources, layout, features, and geography. Before buying one, you can check out the exact percentage breakdown of the resources it contains as well as the ratio between land and water area, highest point, annual rainfall, and other statistics.
There is also a list of “unique features” that have different rarity levels and determine the overall rarity of the NFT itself. These include common (gray), uncommon (green), rare (blue), very rare (purple), ultra-rare (orange) and extremely rare (red).
The Token have their own native token $WRLD, which can be earned if you stake the NFT World land plots. It is currently trading at $0.03, which is down significantly from its ATH of $0.55 on 2/21/2022. It has a capped supply of 5 billion $WRLD tokens. The team’s reserves are 5% for in-game promotions, partnerships, and project growth, 10% were given to early holders that held the NFT Worlds NFT on two separate snapshots, one in December 2021 and one in February 2022, and 35% will be distributed to holders that stake their NFT’s throughout the next 5 years. Finally, 28% of tokens are up for grabs through in-game pay-to-earn mechanics and 22% are utilized for CEX and DEX liquidity programs. A detailed tokenomics breakdown is available on their official website.