Two new mining opportunities will come to the virtual world next month
Virtual world platform Genesis Worlds will reveal two new planets this April. Blocktopia and XOTH will offer gamers new mining opportunities, as well as further chances to earn GENESIS tokens.
Genesis Worlds is an up-and-coming web3 platform that combines numerous aspects of the blockchain space. First, players get a chance to mine a piece of a planet in the form of NFTs. Impressively, these NFTs earn passive income in GENESIS tokens. What’s more, staking GENESIS tokens allows players to benefit from auto compounding mechanisms, boosting their interest earnings further.
Each mining claim NFT grants the owner the right to mine 2,982 GENESIS tokens for one year. The dollar value of this mining reward is about $141.65, while the GENESIS staking APR is 115.06%.
With Blocktopia and XOTH coming to the platform, players will get a total of eight planets available to mine. While details regarding the plots available on the two new planets have not been revealed yet, the other six planets have a supply of between 1,400 and 1,900 plots each. What’s more, Genesis Worlds has already announced plans to release six more planets.
Genesis Worlds brings NFTs, gaming, and DeFi together
Genesis Worlds is a gaming universe that combines numerous aspects of the blockchain space. NFT land, DeFi structures like staking and auto-compounding, and a virtual world experience come together in the Genesis Worlds platform.
Importantly, the platform also incorporates a serious gaming aspect. Each planet, including the newly announced Blocktopia and XOTH, represents a different playground. Genesis Worlds users can explore each planet and participate in player-created quests. Of course, in a true play-to-earn fashion, quest grant rewards. These include NFT collectible items, which players can level up, use, and sell to other players.
Additionally, Genesis Worlds takes on a decentralized autonomous organization (DAO) principle. This means the platform puts the governance and development in the hands of players who own GENESIS tokens. Genesis Worlds also introduces the GAME token, which serves as the in-game currency alongside the governance structure.
Virtual worlds take over the blockchain space
Genesis Worlds is riding a wave of attention started by virtual worlds like The Sandbox, Decentraland, and NFT Worlds started. The last quarter of 2021 saw metaverse platforms skyrocket as mainstream brands began investing in virtual land.
According to the latest DappRadar and Blockchain Game Alliance report, close to half of all activity on the blockchain in February, has been generated by blockchain games. A significant portion of this activity comes from virtual worlds. What’s more, metaverse platforms generated more than $129 million in trading volume this past month.
This data only shows that virtual worlds are here to stay. Projects like Genesis Worlds bring revolutionary functionality thanks to combining numerous aspects of the blockchain space. This combination is popular among crypto enthusiasts and new users alike. DappRadar will continue monitoring the blockchain gaming space as web3 and the metaverse continue to attract users and gain prominence.
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