NFT Worlds

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Discover NFT Worlds's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is NFT Worlds?

NFT Worlds (WRLD) is a play-to-earn gaming platform built on blockchain technology, allowing users to buy and create virtual worlds inspired by Minecraft. The platform uses the Ethereum blockchain and Polygon for faster transactions. Each world is a unique NFT with its own attributes, and users can earn the native WRLD token by participating in gameplay and selling items. The token can be used for in-game transactions and accessing exclusive experiences.

How is NFT Worlds used?

NFT Worlds (WRLD) is the native cryptocurrency of the NFT Worlds platform, a play-to-earn gaming metaverse built on Minecraft. The WRLD token serves several purposes within the ecosystem:

  1. In-Game Currency: WRLD tokens are the primary medium of exchange within NFT Worlds. They are used to access various content, rewards, and competitions created by world owners. Players need WRLD tokens to participate in these experiences.

  2. Play-to-Earn: Players can earn WRLD tokens by engaging in games and activities within the platform. World owners incentivize players by offering competitions, free-to-play games, and other rewards that can be redeemed for WRLD tokens.

  3. Player-to-Player Transactions: WRLD tokens can be used for transactions between players, facilitating the exchange of digital assets and services within the metaverse.

  1. Future Uses: The WRLD token is integrated into future use cases for the platform, benefiting the community and ecosystem. This includes promotional activities and competitions run by the NFT Worlds team.

In summary, the WRLD token is the central currency that drives the economy and interactions within the NFT Worlds platform, enabling players to access content, earn rewards, and engage in transactions.

How do I store NFT Worlds?

To store NFT Worlds (WRLD) tokens, you can use a combination of hardware and software wallets. Here are the steps:

  1. Hardware Wallet:

    • Purchase a cold storage hardware wallet, which is offline and not connected to the internet. This provides robust security against online threats.
    • Transfer your WRLD tokens to the hardware wallet for long-term storage.
  2. Software Wallet:

    • Set up a software wallet, which is a digital wallet or online platform. This is more convenient for active trading but less secure than hardware wallets.
    • Choose a reputable and secure software wallet that supports WRLD tokens. Ensure it has robust security features and a user-friendly interface.
  3. Interplanetary File System (IPFS):

  • Consider using IPFS, a decentralized protocol that spreads data across a computer network. This safeguards your NFT’s value and existence even if the platform where you bought or stored your NFTs shuts down.
  1. Security Tips:
    • Use strong passwords and enable multi-signature authentication.
    • Back up your wallet and keep your private keys safe.
    • Diversify your storage and keep firmware updated.
    • Avoid using public Wi-Fi and stay informed about scams.

By following these steps, you can securely store your NFT Worlds (WRLD) tokens.

How to buy NFT Worlds?

To buy NFT Worlds (WRLD) tokens, you can follow these steps:

  1. Choose a Centralized Exchange (CEX): Select a reliable and trustworthy crypto exchange that supports NFT Worlds (WRLD) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.

  2. Create an Account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.

  3. Verify Your Identity: Complete KYC verification, which may require information based on your nationality and region. This step is necessary to access more features and services on the platform.

  1. Add a Payment Method: Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method.

  2. Buy NFT Worlds (WRLD): You can now buy NFT Worlds (WRLD) using fiat currency if supported. Alternatively, you can do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency like USDT and then exchanging it for NFT Worlds (WRLD).

Alternatively, you can use a decentralized exchange (DEX) like Uniswap, which supports buying and trading thousands of crypto trading pairs. To interact with a DEX, you will need to connect using a compatible wallet like MetaMask.

For a more detailed guide, you can refer to the step-by-step instructions provided by Binance, which includes setting up a Trust Wallet, buying ETH, and trading it for NFT Worlds (WRLD) on a DEX.

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History of NFT Worlds

NFT Worlds (WRLD) is a play-to-earn (P2E) metaverse platform built on blockchain technology, specifically on the Ethereum blockchain. The project was launched on October 5, 2021, by a core team of five developers who were inspired by Minecraft. The team, led by co-founders ArkDev and Temptranquil, initially built the platform on Minecraft's open-source ecosystem, but later had to adapt after Minecraft's owner, Microsoft, announced that it would not support NFTs and blockchain technology in July 2022.

To overcome this setback, the developers decided to create a new game based on the core mechanics of Minecraft. Despite the challenges, NFT Worlds continued to grow, and its native cryptocurrency, the WRLD token, was launched on December 27, 2021, with an airdrop to holders of NFT Worlds.

The WRLD token is the primary utility token used within the NFT Worlds ecosystem. It can be earned through gameplay, mini-games, and other in-world experiences. Players can use WRLD tokens to access exclusive content, items, and perks within the platform. The token can also be traded on various exchanges, including centralized and decentralized ones.

NFT Worlds allows users to purchase and own virtual worlds, which are represented as non-fungible tokens (NFTs). Each world has unique attributes, such as geography, resources, and special features, that determine its rarity and value. The platform's decentralized nature enables users to govern and run functions, earning WRLD tokens in the process.

The project's history is marked by its innovative approach to combining blockchain technology with a popular gaming platform, as well as its resilience in the face of challenges from Minecraft's owner. Despite some criticisms about the user experience and token allocation, NFT Worlds continues to be a prominent player in the Web3 gaming space.

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How NFT Worlds works

NFT Worlds (WRLD) is a cryptocurrency token that operates within a play-to-earn (P2E) metaverse platform. Here's an overview of how it works:

Platform Overview

NFT Worlds is built on blockchain technology and uses the Ethereum network. It also leverages the layer-2 scaling solution, Polygon, to improve efficiency and reduce gas fees. The platform allows users to purchase and own virtual worlds, which are represented as non-fungible tokens (NFTs). These worlds are inspired by the popular game Minecraft and are designed to be community-driven and open for exploration and gameplay.

NFT Worlds and Minecraft

Although NFT Worlds uses Minecraft's open-source ecosystem, it is not directly affiliated with Minecraft or its owner, Microsoft. This has led to some concerns about the long-term viability of the project. However, the developers have announced plans to create a new game based on the core mechanics of Minecraft.

Virtual Worlds and NFTs

There are 10,000 unique virtual worlds available in the NFT Worlds collection. Each world has its own attributes, such as geography, resources, and unique features, which determine its rarity and value. These worlds can be accessed and explored using Minecraft-compatible platforms.

WRLD Token

The WRLD token is the native cryptocurrency of NFT Worlds. It serves as a utility token, allowing players to earn tokens through gameplay and use them for in-game transactions, such as buying items and accessing events. The token can also be used for player-to-player transactions.

Earning WRLD Tokens

Players can earn WRLD tokens by participating in various activities within the platform. For example, they can stake their NFT Worlds to earn tokens on a regular basis. Additionally, tokens can be won in mini-games and other gaming experiences within the ecosystem.

Trading and Market

WRLD tokens can be traded on various cryptocurrency exchanges. The token's market capitalization and trading volume are tracked on platforms like CoinMarketCap, which provides real-time data on the token's performance.

Community and Development

NFT Worlds is a community-driven platform, with a core team of developers who continue to work on improving the platform and adding new features. The project has a strong focus on user engagement and encourages players to build and customize their own metaverses within the platform.

Overall, NFT Worlds offers a unique blend of gaming, blockchain technology, and community engagement, making it an attractive option for those interested in the play-to-earn and GameFi sectors.

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NFT Worlds's strengths

The token NFT Worlds (WRLD) has several strengths that contribute to its potential success and value:

  1. Unique Concept: NFT Worlds is a pioneering project that allows users to create, own, and trade virtual worlds as Non-Fungible Tokens (NFTs). This innovative approach sets it apart from other cryptocurrency projects and provides a unique selling point.

  2. Decentralized Gaming Platform: NFT Worlds is built on the Ethereum blockchain and leverages Minecraft's open-source system, providing a highly customizable and community-driven gaming platform. This decentralized nature allows for infinite, immersive games and experiences, making it an attractive option for gamers and developers alike.

  3. In-Game Currency and Utility: The WRLD token is the native cryptocurrency of the NFT Worlds platform, used for in-game purchases, accessing exclusive content, and participating in play-to-earn activities. This utility ensures a steady demand for the token and creates an interconnected economic system within the platform.

  1. Interoperability: The WRLD token operates on both the Ethereum and Polygon networks, providing flexibility and allowing users to bridge tokens between the two networks. This interoperability enhances the token's usability and accessibility.

  2. Strong Tokenomics: NFT Worlds has a well-designed token distribution plan, which includes incentives for players and the NFT Worlds team. This ensures a balanced ecosystem and encourages participation and engagement within the platform.

  3. Growing Market and Adoption: As the NFT and gaming markets continue to grow, NFT Worlds is well-positioned to capitalize on this trend. The increasing adoption of NFTs and blockchain-based gaming platforms is expected to drive the value of WRLD tokens higher.

  1. Available on Multiple Exchanges: WRLD tokens can be purchased on various cryptocurrency exchanges, including Binance, UniSwap, Sushiswap, MEXC, CoinEx, and Uniswap V3. This widespread availability makes it easy for investors to buy and trade the token.

These strengths collectively contribute to the potential long-term value and success of the NFT Worlds (WRLD) token.

NFT Worlds's risks

NFT Worlds (WRLD) is a highly speculative and risky investment. The project is built on Minecraft, which raises concerns about its long-term viability, particularly since it is not directly associated with Minecraft or its owner, Microsoft. There is a possibility that Microsoft could take legal action to shut down NFT Worlds, which would significantly impact the project's value.

Additionally, NFT Worlds is a high-risk investment due to its susceptibility to market manipulation. The token's price can be easily influenced by changes in volume and market capitalization, making it vulnerable to significant price swings.

Another major risk is the potential for fraud and scams. NFTs, in general, are highly susceptible to use in fraud and scams, and illicit actors can use them to launder proceeds from crimes. This increases the risk of financial loss for investors.

Furthermore, NFT Worlds is a play-to-earn gaming platform, which means that its success is heavily dependent on the popularity of the game and the demand for its virtual worlds. If the game fails to attract and retain users, the value of the NFTs and the WRLD token could decline significantly.

Overall, investing in NFT Worlds (WRLD) carries significant financial risks, including market manipulation, fraud, and the possibility of legal action by Microsoft. Investors should exercise extreme caution and thoroughly assess the risks before investing in this project.

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Did NFT Worlds raise funds?

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NFT Worlds’s team

  • ArkDev and Temptranquil: The co-founders of NFT Worlds, a play-to-earn gaming platform built on blockchain technology.

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