As the overall metaverse trend continues to rise, a new area is emerging. A play to earn altcoin project surprises with its rise. cryptocoin.com As we have also reported, play to earn means that players can earn rewards and coins in the games they play.
This play to earn-oriented altcoin has made a splash
The decentralized social gaming platform UFO Gaming (UFO) is built on the Ethereum network and includes a “Dark Metaverse” where users can create their own clan, own and own virtual land and earn crypto or non-fungable tokens (NFTs).
Data from CoinGecko highlights the UFO’s meteoric rise since its initial launch in July, showing it jumping 15,379 percent from its initial price of $0.000000350110 to $0.00005418, the highest it has seen in the last 24 hours. The altcoin is up 110% in the past week alone. The team behind UFO says the ecosystem plans to be community driven and have a wide variety of unique planets. The UFO project, its priorities include:
It is a platform for decentralized gaming. Choose your favorite genre to win. Asset ownership is determined entirely by users. Game assets (NFTs, currency) are offered that can be transferred from one platform to another. It has a transparent and sustainable, play-to-win (P2E) game economy.
The largest coin holders have DAO (decentralized autonomous organization) voting rights to determine the future of the UFO metaverse, while token holders can earn “plasma points” by staking. At the time of writing, UFO is ranked 112th with a market cap of over $1.2 billion in total.
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