NFT Worlds is a fully equipped platform to build your empire
A recurring theme across NFT projects in the metaverse is the opportunity to create a new identity and build a new world. Because the grass always seems to be greener on the other side, humans are always longing for something different. Perhaps if they had more control over their world, experiences, and ecosystem, life would be better. The metaverse has opened up a transcendent portal that allows us to turn our dreams into reality.
NFT Worlds is a massive project that attempts to meet our incessant need for creating a better world on our own terms. With the open-source ecosystem of the top-selling game Minecraft, NFT Worlds is a fully decentralized, customizable world and game-building platform that is backed by the Ethereum blockchain. Led by Minecraft experts @iamarkdev and @temptranquil, the constantly evolving interconnected worlds gives owners the chance to build anything they want. The sky’s the limit.
While many NFT projects have undertaken the daunting task of building a game and ecosystem from scratch, NFT Worlds wanted to focus on developing a platform with quality content built on the foundation of a familiar gaming space. With over 141 million active players of Minecraft worldwide (Clement, Statista, 2022), the fully equipped platform lowers the barrier of entry for those who lack skills in game development by providing the necessary tools for world owners’ success and ultimately NFT World’s long-term success.
A detailed strategy of decentralisation assures players of long-term sustainability
Many NFT projects claim to be decentralized, but few spell out exactly how their ecosystems are truly decentralized. In the most simple terms, decentralization means that no single entity is in charge and players have control and decision-making power over the entire ecosystem. NFT Worlds Game Launcher is an open-sourced, high-level multiplayer architecture that is made available for everyone to use. World owners have complete control over how they host their world, making this a decentralized ecosystem. This addresses the liability of holders losing access to their NFTs if a game’s central server is shut down.
A decentralized ecosystem also allows for worlds to be interconnected through ‘portals’. Players can easily transport to another world within the ecosystem, which opens up endless possibilities for cross-world collaboration between owners, interlinked world systems, exploration, and so much more.
The integration of one world into another is entirely up to the imagination of the world owners. This detailed decentralization strategy and architecture suggests long-term sustainability, which may attract more world owners who want full control over their world and want to build upon it as a utility. However, a concern may be how well this strategy and architecture play out in the long term. The plan sounds promising, but time will unsurface any gaps in the system that may cause other issues.
NFT Genesis Avatars elevate the NFT World ecosystem with playable characters to create identity with utility
To this date, NFT Worlds has announced two NFT collections in their roadmap. The first are 10,000 unique 3D voxel worlds that are procedurally generated. Holders of NFT worlds own the rights to the world within the NFT Worlds ecosystem and have complete freedom and control to transform the world into anything they want. It is essentially a digital metaverse land that can be used in a multiplayer game setting or be transformed into a great escape from the harsh realities of the real world.
The recently released NFT collection are 15,000 Genesis Avatars that are fully unique playable characters that can be used to create identities in the NFT World ecosystem. Holders have exclusive access to cosmetic items and NFT drops that will only be airdropped to avatar holders. In addition, avatar holders can also look forward to exclusive access to a Genesis Avatar World in the near future, specifically created to reward holders with exclusive perks and content.
An individual’s reputation is reflected in their title, so vanity titles that carry across NFT Worlds will also help the holder establish and boost their reputation in the NFT Worlds ecosystem. Holders, who stake their avatar and participate in other game mechanics, will also receive 50% of marketplace transaction fees (in $WRLD – the in-game utility token). NFT Worlds’ in-game utility token is distributed to holders based on the rarity of their avatar.
NFT Worlds not only provides the platform for worldbuilding but the characters for holders to create an identity with utility. The perk of earning 50% of marketplace transaction fees is likely to appeal to many as a source of ‘passive income’. However, the success of this would largely be dependent on a high volume of marketplace transactions. A higher number of transactions means more fees will be collected and distributed among avatar holders.
Transparency about distribution of mint revenues suggests credibility
Anyone who spends their hard-earned money on an NFT (or anything, really) would want to know where the money goes and what it will be used for. Potential NFT holders are no different. They know that purchasing an NFT from any project essentially supports the vision and roadmap that the development team has laid out. In the best case scenario, NFT holders continually benefit from people who pour money into the project. The higher the demand, the higher the return on investment.
Understanding this factor of concern within the community, NFT Worlds thoughtfully details the allocation and purpose of mint revenues to reassure the public. Their main goal is the long-term sustainability of the NFT Worlds’ ecosystem by continually releasing top quality content. To support this, 50% of mint revenues will fuel the Builder & Player Incentives Programs. Those who create engaging content for players (judged based on specific KPIs and metrics) and those who bring in new players will be rewarded. 25% will go to the Avatars Team, which is responsible for bringing in more playable avatars from other NFT projects, and the last 25% will support the growth of the NFT Worlds team and continued game development.
The total number of players over time increased from 10,000 in mid-March to over 50,000 players by May 13, 2022. Around half of the total number of players are new first-time crypto players, which goes to show that the lower barrier of entry through a Minecraft-based platform gives players easy access to learn and play, leading to quick adoption rates.
Furthermore, the total unique $WRLD transfers increased from 300,000 to almost 900,000 in early May. Exponential growth of NFT Worlds is promising as more and more players are actively engaging with this novel form of building community and new empires. If NFT Worlds can sustain this growth in the long term, the NFT Worlds and Genesis Avatars may be worth the investment.
A seemingly hefty buy-in price may speak to the value of NFT Worlds and Genesis Avatars
The current floor price for an NFT World is around 4.5 ETH (US$9,000+) and around 0.385 ETH (US$800) for a Genesis Avatar. The cost of becoming a member of this world-building canvas is quite high, so many will understandably think twice before jumping all in. Those who have more financial resources may consider investing in an NFT World if they are interested in building an empire, while those who want to be part of the ecosystem but may not have the means to purchase an NFT World can consider a Genesis Avatar.
Like most things in life, we have to invest time and money before we can reap the benefits. NFT Worlds is already seen as a very well established project in the NFT gaming industry. Their fully equipped, Minecraft-backed worldbuilding opportunity makes dreams come true through a high-level decentralization structure that places control in the hands of the players. The Genesis Avatars introduce an important community and identity-building opportunity, which may lead to long-term player adoption and contribute to greater success for NFT Worlds.
With that said, the financial investment is very high. People must recognize the value in their worlds and avatars to be willing to invest. Perhaps NFT Worlds can cater to projects with more capital to deploy, while the lower price point of avatars allows individuals to get involved in the ecosystem without having to part with a large sum of money. Some may be concerned about what would happen if Minecraft ever shuts down completely, since the foundation of their ecosystem is dependent on Minecraft. Hopefully, this is only a hypothetical problem that will never happen in the future.
From what has been released so far, NFT Worlds is a massive project with immense potential to succeed, as their stats have already showed signs of high player adoption rate and $WRLD transfers, but with a project of this size, there are also many possibilities for fires that may need to be put out in the future. I certainly hope that the team will be ready to meet the high expectations they have set out for themselves and keep the community heavily involved and up-to-date with their long-term plans for the ecosystem. As with every project, we will have to give them a chance to deliver on their promises, and I hope they will see long-term success in the near future.
May 17, 2022 
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