Nexaverse Ecosystem & Economy

Nexaverse
2 min readDec 7, 2021

Play-to-Earn

The concept of play-to-earn is quickly growing in popularity. This is significantly enhanced in places where finding access to paid work may be difficult or for people in challenging personal circumstances where opportunities are lacking. While the play-to-earn mechanism is used in several gaming projects, unfortunately, many have also abused it. We will ensure fair, balanced, and secure mechanisms in gameplay in the metaverse toavoid this. Metazens will have abilities to play and earn various assets that are valuable in quests and to progress further in-game. These assets will be transferable from one Metaverse application to the other. Metazens can either use these assets to progress in missions and games or sell them to others for profit on the Nexaverse Market. Assets earned can be common and valuable materials, fuel, tools, or weapons, or rare assets that are hard to find and highly sought after on the market.

We aim to provide a vibrant virtual economy with ways to earn, trade, and most importantly, move assets and identity from one Metaverse application to the other.

Profiles

Once a user signs into the Market with their wallet, they will be able to set up their ‘Profile’. This is a graphical representation of users in the virtual space metaverse. It is linked to the wallet address, and will be used for the marketplace and the metaverse. Users can link their personal information, social media profiles, personal website, and more. Users that are bidding on NFTs will have their Profile name displayed in the ‘Offers’ section. Profiles can display unique NFT profile pictures.

Users can mint a unique, original, and limited NFT to use as their Profile picture, or trade on the marketplace. Each NFT has a set of unique characteristics that can be traded and collected.

Nexaverse DAO

A decentralized autonomous organization (DAO) is an entity with no central leadership. Instead, decisions are governed by a community and organized around a specific set of rules enforced on a blockchain. DAOs are internet-native organizations collectively owned and managed by their members. Nexaverse will utilize its token to eventually launch a process allowing all holders to vote on the project’s future direction or changes that will be implemented as the metaverse evolves. This will ensure that the metaverse remains relevant and enjoyable for the people it serves and maintains the core tenant of decentralization.

For further updates and news:

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Nexaverse

The first project that allows Metaverse Citizens (Metazens) maintain one identity for profiles, earnings & assets across different Metaverse applications. #NEXS