What is Metroverse Genesis?
Metroverse is an Ethereum-based land trading NFT strategy game. Players can collect, trade, and stake city blocks to earn the MET utility token - the game’s native currency. It combines three of the fastest-growing market segments: NFT, DeFi, and gaming. The game is aimed at the various crypto and gaming communities from all across the globe.
A collection of 10,000 city blocks make up Metroverse. Each city block is populated with residential, industrial, commercial, and public buildings. Since every block is represented by an ERC-721 non-fungible token, there will only be one of each city block minted. This means that they’re unique and almost impossible to replicate. Moreover, the buildings contained within each block create different rarities.
Players are allowed to collect multiple city blocks and build neighborhoods. They can also earn money since each block generates revenues in the form of MET tokens. Through this, players need to strategically acquire and add additional blocks to their collection in order to raise their city’s economy. Thanks to the game’s multiplier effect, the more city blocks you combine, the more MET tokens you’ll get. This means that each block can give value to its owner regardless of its traits and rarity level. The MET tokens can be used to improve their holdings and generate even more MET.
History of Metroverse Genesis
The idea for Metroverse comes from two 18-year-old gaming enthusiasts, who are now part of Metroverse’s team. At the time of writing, the team is anonymous. The founder, known as 0xSlice, is described as a Silicon Valley tech entrepreneur with 18 years of experience in numerous development and product management positions for valley-based tech startups. Besides the founder, the team also consists of six other experienced professionals.
The team’s vision is to allow the next generation of decentralized applications by developing fun, innovative, play-to-earn gaming experiences. They have three main market segments with strong growth potential: NFTs, Gaming, and DeFi. They partnered with an indie game design studio specializing in isometric cityscapes since they want to create an experience like no other with visually stunning design and aesthetics. The popular city-building game, SimCity, heavily influences the design.
According to their roadmap, Metroverse is launching 10,000 genesis city blocks, releasing metroverse vault, enabling staking, and launching the MET token this year.
Types of Property in Metroverse Genesis
The Metroverse consists of 10,000 city blocks, each of which is an ERC-721 NFT. Every block is an algorithmically-generated 8x8 grid composed of 64 tiles that have either a building or pathway. Each block has a random combination of buildings, which are always different, making each one unique. The buildings may include:
- Residential: houses, villas, mansions, residential skyscrapers, etc.
- Commercial: shops, stores, services, stadiums, etc.
- Industrial: factories, warehouses, manufacturing, etc.
- Public: parks, transport, government, schools, etc.
They come in different sizes, including 1x1, 1x2, 2x2, and 2x3.
Pathways are city infrastructures that facilitate transportation within each city block. They can be streets, railways, or rivers. Each city block comes with a horizontal and vertical pathway.
In every block, 15 out of 64 tiles are reserved for pathways, while the remaining 49 tiles are reserved for buildings. The most common buildings are small houses and shops. Thus, they appear pretty often in city blocks. On the other hand, rare buildings like launch sites may only appear in a few blocks. Players can collect one or more staked city blocks to create a neighborhood, which is referred to as a hood. A hood can be any size, so players can grow it to any size they want.
In order to boost the value of their city’s economy, players must stake their blocks. By staking their blocks, players will also earn the MET utility token. The more city blocks players combine, the more MET tokens they’ll earn.
Native Tokens Used in Metroverse Genesis
The native token used in Metroverse is MET, which is a standard ERC-20 token on the Ethereum blockchain. It’s the in-game utility token that fuels the Metroverse ecosystem and is passively generated every day by staking city blocks.
As the Metroverse’s utility token, players can strategically use MET to collect, trade, and grow their in-game assets using a number of mechanics as the game grows. According to the team, MET will only serve as an in-game utility token.
The Metroverse Vault is the only source of MET tokens. They can’t be generated through other mechanisms. There are no preallocated shares of MET since it is an in-game utility token. Therefore, not even the Metroverse team or the treasury have any preallocated shares. Just like the rest of the players, the team behind Metroverse needs to earn MET tokens through staking city blocks.
The total amount of MET that can be generated is limitless, but again, it’s only ever generated via the Metroverse Vault when players stake city blocks. To make sure sound tokenomics and the burning MET are on an ongoing basis, various game mechanics will be designed. Every MET used to mint the Blackout collection will be burned.
Top 3 Reasons to Invest in Metroverse Genesis
- Players can stake right away - One of the most incredible things about the Metroverse is that players can immediately stake after they acquire a block. By staking, players can earn MET and enjoy a passive income as soon as they want.
- Extensive roadmap ahead - Although Metroverse is still relatively new, the project has already experienced massive organic growth. Furthermore, there is an extensive roadmap planned. After their sold-out public sale in January, there is yet to be a big reveal that players can expect on the website. The team is also working tirelessly and listening to the players’ constant feedback to improve the game.
- Huge potential - With the hype and early interest that the Metroverse is receiving, there’s a high potential for the game and its token to explode in value in the future.