Is the Future of the NFT Metaverse Self-Built Worlds?
01 Oktober 2021 - 9:47AM
NEWSBTC
‘Metaverse’ is a term that has recently become ubiquitous in
crypto, doubtless due to the success of immersive virtual projects
like Decentraland and Iluvium. The metaverse describes a vast
ecosystem of often interconnected virtual environments, where
players can interact with one another, explore parallel digital
worlds, and buy and trade tokenized collectibles with real-world
value. The metaverse concept is not native to crypto, incidentally
– the term comes from Neal Stephenson’s sci-fi novel Snow Crash,
published in 1992. Three decades and a raging pandemic later, the
metaverse concept is gaining ground as a range of virtual
experiences become available, many of them built on blockchain
rails. Even social media giant Facebook is positioning itself to
capture a share of the market, with Mark Zuckerberg claiming ‘we
will effectively transition from people seeing us as primarily
being a social media company, to being a metaverse company.’ Build
Your Own Metaverse Into this fast-evolving milieu comes Planet
Sandbox, a metaverse project developed by The Minders Studio and
backed by over two dozen VC firms. Currently gearing up for an IDO
on October 2, Planet Sandbox shares many of the hallmarks of
existing metaverse games – the lurid vistas, varied terrain and
coveted collectibles – but introduces new features, most notably
the ability for players to build and customize their very own
sandbox worlds. What does this mean, in real terms? In essence,
players can access a building toolkit to customize every aspect of
their universe, tweaking the geographical characteristics such as
weather, topography, even gravity. If this evokes the plot to
Christopher Nolan’s Inception, you’re on the right lines. Only Dom
and Mal never monetized the worlds they created… Once constructed,
domain owners can determine the rules for games conducted within
their boundaries and invite players to participate. Both the land
and the collectibles within it can be leased or sold in exchange
for cryptocurrency, incentivizing creatives to design the best,
most profitable sandboxes in the expanding metaverse. Planet
Sandbox is, at heart, a play-to-earn game – the sort that has given
rise to the term ‘gamefi’, used to describe projects interweaving
gaming and decentralized finance (DeFi). But unlike many of its
contemporaries, Project Sandbox isn’t just geared towards players;
it’s also pitched at would-be game designers, VR architects,
artists, and NFT traders. While some users will exclusively build
and profit from their creations, others will compete to claim and
earn NFT weapons and accessories through in-game quests and
battles. These battles can be against rival players in diverse
sandboxes or against NPC enemies that tirelessly stalk the
landscape. Those interested purely in game-play can browse
sandboxes, find their favorite, and participate in shooting games,
car races or quests to earn prizes. A World Unrestricted by Physics
As time goes on, and the Planet Sandbox community expands, worlds
are likely to become more diverse, challenging and lucrative –
particularly with the popularization of sophisticated VR/AR
technologies currently being developed by Apple, Amazon, Microsoft
and Google. Like many of its contemporaries, Planet Sandbox has a
governance token, PSB, which is used for rewards, platform
governance and also to cover NFT transaction fees. In the near
future, players will also be able to stake PSB tokens to earn a
share of fees processed by the network. An additional token, PULV,
is used to purchase consumables for use within the metaverse.
Planet Sandbox’s integrated 3D marketplace, meanwhile, facilitates
all trades in the game, with NFTs variously representing mountains,
lakes, helicopters, tanks, weapons, gasoline, armour – the list
goes on. The appeal of metaverses such as those created by Planet
Sandbox is universal: in a world unrestricted by the limitations of
physics, unforgettable experiences can be enjoyed. Metaverses allow
users to play, work, socialize and, thanks to NFTs and blockchain,
build virtual businesses to earn passive income. Planet Sandbox is
built on Binance Smart Chain and a beta version of the game is set
to launch next month, giving players an opportunity to familiarize
themselves with the ecosystem and, if they desire, get to grips
with the building toolkit. After the web version is released,
mobile and PC versions will follow while the PSB token will be
listed on decentralized and centralized exchanges. Whatever happens
to the metaverse, only the most brilliant projects are likely to
survive once the cacophonous hype has died down. Is Planet Sandbox
one of them? Only time will tell. Image by Arek
Socha from Pixabay
NEM (COIN:XEMUSD)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
NEM (COIN:XEMUSD)
Historical Stock Chart
Von Apr 2023 bis Apr 2024