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Wall Street ChadsWall Street Chadsby0x7C7cf3cC6890fC757baB322d0F981b635bfa627Bsandscrypto.eth

Invest in $WRLD Token

Voting ended about 4 years agoSucceeded

I propose we buy 1 ETH worth of $WRLD token (roughly $.44 at the time of writing this proposal, so about 6000 WRLD ). NFT Worlds have grown in popularity, utility and more worlds roll out with P2E functionality. Currently with the market's down it would be an ideal time to buy WRLD token. Soon NFT Worlds will also be launching staking for their token. The NFT can easily be converted to ETH. If we compare to the tokens of other popular Metaverses (Sandbox, Decentraland, etc) with similar utility, we should expect the value to quickly increase as more users begin to play in NFT Worlds.

Exit strategy: Sell 25 to 50% when WRLD reach $1, hold the rest for staking later.

$WRLD is an ERC-20 token built on the Ethereum blockchain. It is the primary utility token and the token used when playing in an NFT World. NFT World holders have been distributed WRLD tokens for their owned NFT worlds in December and now again late Feb (this will be the final airdrop for NFT World holders).

Some details I pulled from the NFT World documentation (feel free to visit the NFT Worlds website to see all their documentation): Players will be able to use $WRLD tokens to access exclusive experiences, items, perks, content and more within NFT Worlds. These tokens will be given to the owner of a world a player is playing in, in exchange for the specific experience, items, perks, content, etc as promised by the world owner for a token transaction. These transactions will happen through an in-game UI connected to the blockchain. They’ve created the integration of the $WRLD token with NFT Worlds in such a way that nearly any in-game experience, perk, item or access to content can be created by world owners and require $WRLD tokens from players in their worlds in order to access or participate in such content. Additionally, $WRLD will be required for purchasing optional, custom NFT World character NFTs, and may sometimes be required for unannounced global NFT Worlds perks and content in the future.

Primary Medium Of Exchange $WRLD is the main medium of exchange within the NFT World's ecosystem. In many NFT Worlds, it will be necessary for players to give world owners $WRLD tokens in order to access the content, perks, competitions and more that world owners have created in their worlds.

Play To Earn NFT Worlds will implement mechanisms for players to earn $WRLD tokens by playing games in worlds. Additionally, world owners may incentivize players to visit their worlds through competitions, free to play games and more that reward players with $WRLD tokens.

Future Uses The $WRLD token will always be the primary token within the NFT Worlds ecosystem. It will be integrated into any future use cases for our platform where it makes sense for the community and ecosystem.

The $WRLD token uses 2 networks. The primary network being Ethereum and the secondary network where in-game transactions occur being Polygon. They've developed a first of its kind gasless transaction system to remove all crypto-related friction for in-game transactions. This means players do not have to figure out how to use an exchange to get matic into their wallet to submit transactions, they simply need to play in NFT Worlds to earn $WRLD. When players in game go to pay for an item, perk, upgrade or do any form of transfer involving $WRLD, it's processed through their "gasless" forwarding node using meta transactions. This system is built open-ended such that anyone could build out their own "gasless" forwarding node and set their own $WRLD fees in the future such that the system is not reliant on a single node that they manage.

DYOR: Token Address: 0xD5d86FC8d5C0Ea1aC1Ac5Dfab6E529c9967a45E9

Off-Chain Vote

For
92 40.5%
Against
115 50.7%
Abstain
20 8.8%
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Timeline

Feb 23, 2022Proposal created
Feb 23, 2022Proposal vote started
Feb 27, 2022Proposal vote ended
Jan 17, 2024Proposal updated