SEP 22, 2023
Metacryp: An Emerging Metaverse like The Sandbox You Should Not Miss
OCT 16, 2022
MetaCryp Network is a metaverse platform built on the Binance Smart Chain that aims to provide its users with an ecosystem where they can unwind from daily stress.
The project will use blockchain technology to create a virtual space for community members to work, play, and socialize. Although it is not the first metaverse platform, the team aims to solve five problems associated with blockchain projects.
Firstly, MetaCryp wants to address the issue of lack of transparency and lack of trust familiar with some blockchain projects. Why do those projects lack transparency? Some do not provide details about their token allocation, reward system, and governance mechanism.
However, MetaCryp will ensure that it will account for all its operational processes. Also, the project will use smart contracts to document its reward system. In turn, MetaCryp will be an open-source platform trusted by investors and users.
Also, MetaCryp is removing procedures of blockchain games that discourage new people from entering the industry. These procedures include KYC registrations, payment of commissions, or other costs.
To solve this, MetaCryp will ensure that its users won’t need to provide their details when joining its metaverse. Instead, users only need to connect their crypto wallets and authorize as many transactions as possible.
Meanwhile, some blockchain games charge users recurring fees to play games. At the same time, they remove hidden charges like wallet maintenance fees.
On its part, MetaCryp does not charge entry fees, and the necessary deductions will be low in comparison to other platforms. Regarding wallet maintenance, it will be unnecessary since MetaCryp is adopting a peer-to-peer payment method via a crypto wallet.
In addition, rigorous transaction processes and delayed settlement time will not exist in the MetaCryp metaverse. Its users can quickly move crypto assets to their public wallets through a free in-game wallet.
Furthermore, GameFi projects sometimes restrict their communities from participating in governance. On the contrary, MetaCryp will put its community first. Its users can always submit proposals and possess the right to provide opinions and vote on decisions that MetaCryp will make.
The MTCR token will function as both the utility and governance token of the MetaCryp ecosystem. MTCR will let users gain access to the metaverse platform and serve as a reward to those using the virtual space.
Like MetaCryp, The Sandbox is a metaverse platform where you can invest in virtual lands. After buying a land parcel or estate, you can develop and build a gaming experience and sell or store it.
Apart from a full-blown metaverse, The Sandbox offers three other products: VoxEdit, an NFT marketplace, and a game maker. VoxEdit and The Sandbox Game Maker help create digital artwork that you convert into NFTs. Moreover, those NFTs are permanently yours until you decide to sell them.
The Sandbox uses SAND, an ERC-20 token, to operate its GameFi economy. SAND is a utility token that allows you to perform all transactions within the game ecosystem.
FTX is among the leading centralized exchanges. The crypto platform is based in the Bahamas after moving from Hong Kong. It has a separate company FTX US, running mainly in the United States. Although a joint management team runs both, their capital structures and trading products differ.
On September 5, 2022, FTX US president Brett Harrison stated on Twitter that he had resigned. Meanwhile, he will continue to work with FTX US by taking on an advisory role.
MetaCryp Network is a metaverse project that creates a virtual home for everyone.
Learn more about MetaCryp (MTCR)
TI Partners represents articles from our partners, including NGOs, governments and companies, and some are paid for.
JUN 28, 2023