$WRLD Contract Upgrade - Uncapped Supply

We have separated the proposal to upgrade and uncap the supply of the $WRLD token. The proposal to upgrade the $WRLD token has passed, and we will now vote on uncapping the supply. Remember that this is a community decision, not a mandate.

After reading the conversations between community members, we want to substantiate some of our reasoning behind wanting to uncap the upgraded $WRLD token supply.

Potential Securities Concerns: By now, we are all aware of the SEC investigation into BAYC. We want to stress that our commitment to the long-term viability of the NFT Worlds ecosystem also means we must cross our I's and dot our T's alongside competent legal advisement concerning our ecosystem and securities law. Answers to securities-related questions are far from black and white, and when making decisions, there is no best option. Our legal team believes that being uncapped pushes the $WRLD token further away from any risk of being a security token.

Why this would be the time to make this change: Although this conversation is too premature to determine what the token supply should be at a given point, it is the only time we can make this decision without significant disruption to the NFT Worlds ecosystem. If we upgrade the $WRLD token without the flexibility to alter supply at a later date, an entirely new token would need to be issued in the future.

Inflationary concerns: Balancing in-game currency and economic inflation requires closely monitoring all aspects of tokenomics and usage. Balancing these mechanics does not fundamentally change based on whether the supply of the token is capped or uncapped. Restricting the supply does, however, eliminate a large lever that we can pull and adjust in the future if it's needed.

Final Notes: The $WRLD toeknomics do not change if you lift the supply cap. 5B vested over five years remains the target. This decision is final, and there will be no more votes on the issue.

A vote of Yes = the $WRLD token Supply will have a soft cap of $5B only lifted upon another community vote if the time comes when increasing the supply makes sense.

A vote of No = upgraded $WRLD token cap remains $5B