Creating A Value-First Metaverse — How MetaBlaze (MBLZ) Differs From Top-Tier GameFi Tokens
Although you could trace the term “metaverse” back to the 1990s, it didn’t have a massive effect on human society until a few years ago. Indeed, most reporters agree that Facebook’s rebranding as “Meta” was the critical moment that brought more attention to this emerging field. Although metaverse cryptocurrencies had been around before 2021, Mark Zuckerberg’s announcement gave these projects extra legitimacy.
While metaverse tokens have cooled in 2022, they’re still one of the most talked-about categories in the cryptocurrency industry. Big banks and investment firms like Citi and J.P. Morgan view the metaverse as a multi-billion if not trillion dollar industry. Prominent venture capitalists like a16z have also created multi-million-dollar funds specifically for GameFi.
There’s little doubt that innovations like GameFi, the metaverse, and NFTs have the potential to revolutionize many aspects of our online lives. However, since this industry is so new, it can be challenging to distinguish solid metaverse projects from scams.
Even Web3 projects with seemingly fantastic fundamentals have tokens that underperform the crypto market. Why? In most cases, GameFi developers don’t take the time to carefully consider tokenomics, failing to build sustainable models.
Of course, people building blockchain games should always focus on creating an immersive and enjoyable experience. However, without a solid tokenomics strategy, there’s no difference between GameFi and traditional games.
Gamers who try play-to-earn games expect to be rewarded for their time and effort. If a project’s cryptocurrency wasn’t built to withstand volatile market conditions, then players could see their hard-earned crypto become worthless. Understandably, this poor tokenomics strategy will sour a lot of people from considering play-to-earn games.
The new GameFi project MetaBlaze strongly believes in creating a metaverse experience that rewards gamers and non-gamers for their time. That’s why MetaBlaze has always placed an emphasis on the tokemonics of its MBLZ token.
To ensure MBLZ supports a thriving Web3 ecosystem, developers decided to make MBLZ available on both Ethereum and the Binance Smart Chain (BSC). Since MBLZ will be tradeable as a BEP-20 and ERC-20 token, it should greatly enhance liquidity in DeFi protocols.
How Does MBLZ Differ From Top Metaverse Coins? — A Quick Comparison With “Axie Infinity”
To better understand how MBLZ works, it may be useful to compare MetaBlaze’s project with other popular GameFi tokens. Of course, whenever people talk about “play-to-earn” titles, they’ll inevitably mention Sky Mavis’s hit game “Axie Infinity.”
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