DecentWorld Expands NFT Selection With Buildings
DecentWorld, a Swiss metaverse digital real estate and gaming platform, introduced its transformative 2.0 update. The update brings serious changes to the NFT economy inside the platform as well as greatly expands the possibilities available to its users. At the center of the new update is a record-breaking number of unique NFTs in the form of Buildings.
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Before the update the main NFTs users of DecentWorld were able to mint were Streets. Owners of multiple Streets could also combine them to create new NFTs in the form of Collections. The latter also allowed users to stake NFTs and generate yield.
DecentWorld was always the metaverse project aiming for impressive scope and before the new update already boasted 18.5 million unique street NFTs accessible for minting. With the new update nearly 62 million Buildings also become available for minting.
"One of the main underlying targets of DecentWorld is to shape the future of virtual property. With that in mind Streets were never the end goal, rather a starting point. With this ambitious update we didn't just increase the scope, we also overhauled the peer-to-peer economy inside our platform." said Liucija Lenkauskaite-Stankevice, Project Lead at DecentWorld.
Changes to the DecentWorld economy
Although both Streets and Buildings are their own stand-alone digital assets, there is a clearly established connection between them. Early adopters that got into the project prior to the launch of 2.0 will be pleasantly surprised by a newly introduced reward mechanic. Since Buildings can't be minted before the Street they are located on is minted, rewards will be distributed to Street owners per each minted Building.
"We wanted to implement Street Royalties for two main reasons. First of all, it was a way for us to reward early adopters that have been with the project from its beginning. The second reason was to showcase what is to come in the future. We do not intend to stop at buildings, the next step in DecentWorld's evolution will introduce Floors. Floors will come with their own reward mechanism for Building owners and will become a convenient entry point for e-commerce." Liucija Lenkauskaite-Stankevice added.
Street Royalties in DecentWorld come at a fixed one-off reward. 10% of the price of a minted building goes to the owner of the street NFT that the building is located on. The newly introduced mechanic brings a whole new dimension to the peer-to-peer economy within DecentWorld. It comes as an addition to staking, and the active secondary market as a way for people to unlock the potential of NFTs, and express true ownership over their digital assets.
About DecentWorld
DecentWorld is a Swiss metaverse digital real estate and gaming platform built on blockchain technology to introduce a next-generation web3 experience. DecentWorld 3D Downtown Dubai experience hosts entertaining play-to-earn minigames and has metaverse marketing placements all over the city. The platform also allows members to mint and trade digital Street NFTs, which can then be combined into Collections and staked. DecentWorld also stands for trust and transparency in the blockchain industry.
To fully explore our metaverse, please visit www.decentworld.com
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For business partnerships, please reach out to partnerships@decentworld.com.
Contact Info:
Name: Liza
Email: Send Email
Organization: DecentWorld
Website: http://www.decentworld.com
Release ID: 89092104
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COMTEX_427229936/2773/2023-03-22T08:05:56
