- Treeverse, a mobile MMORPG metaverse, integrates NFTs and features a dual-token economy with $SEED and $ROOT tokens, emphasizing player individuality and asset trading.
- Led by NFT creator Loopify, Treeverse recently secured an additional $2.5 million funding from major investors in the gaming and blockchain industries, including Animoca Brands and Sky Mavis.
- The ecosystem of Treeverse includes unique NFT collections like NFTrees and Timeless, and is poised for rapid development with plans for release in January 2024.
Treeverse is a metaverse platform carving its niche as a social platform with a unique focus on NFTs. Spearheaded by Loopify, a prominent NFT creator and collector, Treeverse has garnered attention not only for its ambitious vision but also for attracting notable figures as investors in the Web3 space. Moreover, with recent funding secured, the project is set to expedite its development and game delivery. So let us dive in and see what makes the project stand out.
What is Treeverse?
At its core, Treeverse is an open-world MMORPG tailored for mobile platforms. What sets it apart from the other P2E games is that Treeverse allows users to exchange in-game assets for NFTs and earn the native currency, facilitating further transactions within and beyond the Treeverse ecosystem. This is made possible by the economic backbone of Treeverse, which is comprised of two ERC-20 tokens:
- $SEED – Used for in-game transactions such as buying items, renting plots, and character development.
- $ROOT – The governing token empowering users to vote on future decisions and developments within the Treeverse universe.
Furthermore, the in-game marketplace further enriches the experience, allowing users to trade NFTs ranging from weapons and armor to pets, all earned within the game and tradable on the platform.
Treeverse Ecosystem
The Treeverse ecosystem extends beyond the game itself, encompassing various NFT collections:
- NFTrees – The Genesis collection, limited to 420 trees, holds special significance, and is poised for integration into future Endless Clouds (the studio behind Treeverse) games.
- Endless Clouds Card (ECC) – A 10K collection, providing exclusive access to private homes within Treeverse, where users can showcase their NFT collections and invite friends.
- Timeless – An avatar collection with plans to become a brand, offering unique appearances in the game. With 11,111 avatars, Timeless promises to enhance player individuality within Treeverse.
Latest Funding
Loopify’s vision has not gone unnoticed, with a significant investment of $25 million from IdeoCo Labs, Animoca Brands, Skyvision Capital, and Stani Kulechove in a previous funding round. Building on this success, Treeverse recently secured an additional $2.5 million in funding.
This latest round of investment draws support from influential entities in the gaming and blockchain sectors, including Animoca Brands, Sky Mavis (Axie Infinity creators), YGG, and more. The funds will be channeled into accelerating development, expanding the team, outsourcing, marketing, and other critical aspects of the project.
Final Thoughts
The diverse group of investors in the recent funding round underscores significant confidence in Treeverse’s vision and strategic direction. With a substantial financial boost, the development of the game is expected to accelerate, offering a potential transformative era in the world of mobile gaming and blockchain integration.
In conclusion, anticipation is high, with development builds slated for release in January 2024. As the team progresses towards their deliverables, enthusiasts can eagerly anticipate more details in the coming weeks, indicating what could be a groundbreaking fusion of gaming, social interaction, and blockchain technology.
Explore more about Treeverse through its Website and Twitter.
