What Is NFT Worlds (WRLD)?

NFT Worlds is a play-to-earn (P2E) metaverse platform based on Minecraft, and built on blockchain technology. Players can purchase non-fungible tokens (NFTs), explore community-created metaverses, play games and earn cryptocurrencies — a trending sector coined GameFi. Players collect unique pieces of digital real estate, and game plots are algorithmically generated, creating an open virtual world. There are 10,000 worlds available in the NFT Worlds collection.

The ecosystem is inspired by the massive open worlds of Minecraft developed by Mojang Studios. Thus, the virtual worlds of NFT Worlds use the open-source ecosystem of Minecraft, although the two companies are not affiliated. In July 2022, Microsoft-owned Mojang announced that Minecraft would not support NFTs and blockchain technology. NFT World’s WRLD token crashed 60% following the news, however, the company announced that it will create a new game based on the “core mechanics of Minecraft.”

The decentralized platform is community driven and runs on Ethereum. NFT Worlds has its own in-game cryptocurrency — the WRLD token, which can be obtained as payment for gaming experience, in addition, WRLD can be won in the mini-games of the ecosystem.

Who Are the Founders of NFT Worlds?

The project was co-founded by developers ArkDev and Temptranquil. Behind NFT Worlds are dozens of trusted developer partners who create content and gaming experiences, and several skilled community moderators. The core team of five people was assembled in September 2021, and on Oct. 5, 2021, NFT Worlds was born. As part of the launch, 10,000 NFTs were minted and distributed for free. The native token of the ecosystem, WRLD, was launched in December 2021.

What Makes NFT Worlds Unique?

Despite the ban, NFT Worlds have announced that the world it is building will have "backwards compatibility with existing Minecraft server development plugins and practices." This allows current creators to continue building atop the Minecraft platform. Further, anyone can create their own universe and earn income from a virtual world by staking, renting and collecting commissions for impressions, services and experiences. Players have access to 10,000 worlds and portals connecting them, and the option to transfer ownership of assets, NFTs and virtual worlds.

NFT Worlds also offers: a social networking metaverse where gamers communicate; a fascinating universe where battles, trials and exploration take place; a role-playing game metaverse with an emphasis on storyline, complete with several chapters of content.

The gaming experience is accessible and personalized; familiar controls, easy-to-use instrumentation and customizable game mechanics are available to users. All created compositions of the worlds are unique and mix in themselves various combinations of game characteristics. The more rare features the world combines, the more privileges and exclusive functions the owner receives, and the higher the profit from staking.

The ultimate mission of NFT Worlds is to become an open ecosystem with various aspects of noteworthy metaverses and NFT projects.

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How Many NFT Worlds (WRLD) Coins Are There in Circulation?

$WRLD is a native cryptocurrency and utility token of NFT Worlds deployed on Ethereum. WRLD also works on the layer-2 scaling solution — Polygon, which improves efficiency, provides increased scalability and reduced gas fees.

WRLD features include: An in-game currency, world owners charge in WRLD tokens in exchange for access to exclusive experiences, unique content, rare items and global perks; players complete missions, take part in competitions, win battles and get rewarded in WRLD; WRLD tokens can be spent to purchase additional custom NFTs; players stake their WRLD, get rewarded and contribute to the development of the entire ecosystem; owners of virtual worlds can rent them out for WRLD, earning staking rewards and a rental fee.

The tokenomics of WRLD is as follow: the maximum supply of WRLD is 5,000,000,000 coins, which are distributed as follows: 50% (2,500,000,000 $WRLD) to P2E rewards; 10% (500,000,000 $WRLD) to NFT Worlds owners; 35% (1,750,000,000 $WRLD) to staking reserves; 5% (250,000,000 $WRLD) to team reserves (for promotions, partnerships, growth).

As of August 2022, there are over 590M $WRLD (12%) in circulation.

How Is the NFT Worlds (WRLD) Network Secured?

NFT Worlds is built on the Ethereum blockchain which currently runs on a proof-of-work (PoW) consensus mechanism, but is expected to switch to proof-of-stake (PoS) in what is termed the Ethereum Merge. This will substantially reduce the amount of energy or computing power to verify transactions, and allows the use of various applications, while providing reliable protection of staked funds.

NFT Worlds (WRLD) has been audited by Certik. CertiK applies advanced formal verification technology to smart contracts, blockchain protocols, crypto wallets and dApps.

Where Can You Buy NFT Worlds (WRLD)?

If you want to buy NFT Worlds (WRLD), it is available on Uniswap (V3) (Polygon), Uniswap (V3), LBank, MEXC, CoinEx, QuickSwap, BKEX, CoinW, and ZT.

Want to keep track of WRLD in real-time? Download the CMC mobile app.

Curious about the crypto space? Have a look at the CMC educational portal.