Key takeaways:
- The team behind ChainGuardians and ChainBoost is launching The Cryptoverse, an NFT-based metaverse featuring social aspects and P2E mechanics
- The upcoming metaverse is powered by Unreal Engine 5, arguably the most capable game engine in the industry
- Cryptoveres users will have complete ownership over their in-game items and land plots, CGG token will grant governance rights
The creators and developers of a play-to-earn (P2E) role-playing game ChainGuardians are launching The Cryptoverse, a metaverse featuring VR, AR, and XR elements underpinned by blockchain technology and powered by Unreal Engine 5.
Cryptoverse is bringing next-gen graphics and interoperable NFTs
The interest in metaverse-related cryptocurrency projects had exploded to new heights last year when social media giant Facebook rebranded to Meta and showcased its commitment to the metaverse.
To build off the interest garnered by metaverse-specific projects, the ChainGuardians team is launching the Cryptoverse, an immersive virtual reality world combining gamification aspects, NFT-based in-game collectibles, as well as social mechanics and new opportunities for online commerce.
Gamers can look forward to a battle royale-style system that will provide players with Win2Earn opportunities and allow for exciting PvP gameplay. Additionally, in-game items, ranging from player avatars to vehicles and land plots, will be powered by interoperable non-fungible tokens (NFTs).
The blockchain-powered metaverse will consist of eight in-game territories, called Zones, with each zone existing on its own island. A cyberpunk-themed Hub, the central region of the game, is designed to be a gathering place for the Cryptoverse users.
In pursuit of bringing the new metaverse to life and ensuring the highest possible level of immersion, the Cryptoverse is built on Unreal Engine 5, one of the most capable game engines in the industry. In addition to photo-realistic graphics, the Cryptoverse is set to feature virtual reality (VR), augmented reality (AR), and expanded reality (XR) elements to bring the metaverse experience to a new level.
Cryptoverse LAND pre-sale is coming soon
According to the team, the Cryptoverse land plots will soon go on sale, offered with a 10% discount on partner NFT marketplaces. Each LAND is designed to make the most out of NFT sharding capabilities and facilitate unique social interactions. This means that LAND owners will be able to sell or rent parts of their LAND, giving holders full control over their digital real estate.
Users will be able to participate in the governance of the Cryptoverse using the CGG token, ChainGuardians and ChainBoost ecosystems’ native cryptocurrency.
Robbie Cochrane, The Cryptoverse’s co-founder, talks about the upcoming Unreal 5-powered metaverse:
“The Cryptoverse is an immersive 3D virtual world built in Unreal 5 which is underpinned by blockchain technology. Within the Cryptoverse, users will be empowered to create, own LAND, govern and monetize experiences using CGG, the token which also underpins the ChainGuardians and ChainBoost ecosystem.”
Last week, banking giant JPMorgan issued a comprehensive report on the metaverse sector. The investment behemoth said that economic and entertainment opportunities in the metaverse will remain virtually “limitless,” as long as tax policy, the state of digital infrastructure, and regulations don’t inhibit the rapidly growing industry.
