Following Zuckerberg’s appropriation of the term “Meta,” public interest in metaverses far and wide has skyrocketed, and with it, demand for virtual world backed tokens. Decentraland has $MANA, The Sandbox, $SAND, both of which have soared in recent months. However, shining light of decentralized universes, CryptoVoxels (CV), remains unsupported by a native digital currency.
As a result, the CV team is regularly courted by investment companies, looking to get in on the action, while several unaffiliated CV coins have appeared, attempting to fill the void. However, in order to maintain free and independent, CV has decided to go at it alone, and will consequently develop a brand new token, with a tentative release date penciled in for April 2022. Just one question remains however. How do you build a system of tokenomics that provides genuine utility to the metaverse? Enter, Scarcity Island.
Scarcity Island is essentially an experiment in tokenomics. A microcosm within CryptoVoxels, designed to test the limits of governance, mining, play-to-earn and rewards. The island itself is split into three districts, represented by gold, silver and bronze, where gold wields the most voting power, and bronze, the least. Each land parcel within the experiment includes discoverable secret tokens, which then form the backbone of the voting system. Members of the island can then vote on core decisions such as weather, soundtrack, street colour, and even building constraints.
Scarcity Island will include a wealth of data with which to design the final CryptoVoxels token. Currently assigned the name $BOOP, the new coin will transform the way we interact with CV, and take the platform to the next level.
Want more? Connect with NFT Plazas
Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
The post CryptoVoxels Begins Native Token Development appeared first on NFT Plazas.
