What Is GensoKishi Metaverse (MV)?

GensoKishi Metaverse (MV), also known as “Genso,” is a web3 version of the 3D MMORPG game, “Elemental Knights'' — a game that won a gold medal at the Game Star Award of Taiwan 2012. The iconic game has a 14 year history and has accumulated a total of 8 million downloads worldwide. As claimed in the official whitepaper, Genso metaverse is a 'metaverse incarnation' of the Elemental Knights Online game that combines web3, RPG, and metaverse to create a great gaming experience in the virtual world.

Users have generated their own skins, characters, maps and weapons in the game for over 13 years. Now, in this GameFi version, all these items will be registered on the blockchain to be transferred, sold and bought as NFTs. The development will focus on transferring the existing MMORPG world onto the blockchain to form the basis of the in-game economy.

Who Are the Founders of GensoKishi Metaverse?

Maxi Kuan is the CEO of GensoKishi Metaverse and leads a team of 130+ engineers and designers. His previous experience includes running a blockchain-focused startup in Japan and working for the Chinese blockchain media company known as Blockcast.it.

The development team has developed online games and prominent MMORPG titles for 20+ years.

How Does GensoKishi Metaverse Work?

As laid out in its whitepaper, the Genso metaverse is a combination of the real world and RPG fantasy. It is a place where users can experience real estate, anime, arts, culture, entertainment, tech, e-commerce, and more in the real and virtual world.

LAND is the real estate within the Metaverse, which can be bought, sold, and given on a lease in the metaverse to other users. Through leveraging materials earned when playing GensoKishi Online, users will have access to creating NFTs. Users can display digital art NFTs on their own LAND and host private exhibitions.

With GENSO, users can purchase e-commerce goods and have them shipped anywhere in the world within the Metaverse. The Genso Metaverse also offers a unique opportunity to explore replicas of real-world cities and renowned attractions. Here, visitors can discover regional delicacies and exclusive NFTs only available in those specific locations.

What Makes GensoKishi Metaverse Unique?

The GensoKishi Metaverse is built on a unique ECO model which comprises three factors: economy, ecosystem and economical. Players can earn by selling, producing and distributing content, while also becoming a part of a larger ecosystem.

The Genso LAND & UGC & MALL is another unique feature of this metaverse. Here users can create and sell original skins and items, create their own maps, and invite their friends. The Genso Mall and Museum are where users can showcase their NFTs and sell them at their desired price.

The dual-token economy model is also an interesting feature of the Genso Metaverse. There are two tokens, namely MV and ROND. MV is the main token of the metaverse which can be staked, used to vote in the policies of the metaverse, and gain special rights to enter auctions, purchase special items, and gain access to other unique activities within the metaverse.

The ROND coin is the in-game currency of the Genso metaverse which can be used to purchase items from the virtual mall, and museum, upgrade base equipment and take part in in-game events and activities.

Related Pages:

Read about The Sandbox (SAND) — a popular blockchain-based virtual world.

Find out more about Decentraland (MANA) — another popular metaverse.

Read more about Otherside — Yuga Labs’ metaverse.

Learn more about metaverse with CMC glossary.

How Many GensoKishi Metaverse (MV) Coins Are There in Circulation?

MV token has a total supply of 2,000,000,000 which are allocated as follows: Metaverse Ecosystem Fund - 560,000,000; Marketing - 240,000,000; Liquidity & Exchange Listings - 540,000,000; Private Sale- 100,000,000; Development Team - 440,000,000; Advisors and Cooperators - 120,000,000.

At the time of writing, the circulating supply of MV is 95,883,191.04.

How Is the GensoKishi Metaverse Network Secured?

MV is an ERC-20 token issued on the Ethereum blockchain. The Ethereum network is secured through the Proof-of-Stake (PoS) consensus mechanism. This mechanism uses validators to process transactions, and validators stake 32 ETH to participate in consensus and validating transactions.

Where Can You Buy GensoKishi Metaverse (MV)?

MV can be purchased on various centralized exchanges such as Kucoin, Kraken, Bybit, Gate.io, and more.

Keep track of MV live prices in real-time with the CMC mobile app.