Analyst TLDR Take
While WRLD token is a potential financial investment to earn profit through appreciation, it’s also a potential social or participation investment given that it is the primary medium of exchange within the NFT world ecosystem. In many NFT Worlds, it will be necessary for players to give world owners $WRLD tokens in order to access the content, perks, competitions and more that world owners have created in their worlds. It will also be integrated into any future use cases for our platform where it makes sense for the community and ecosystem. Based on this, investment in WRLD tokens today could earn the investor very cheap access and participation within the multi-metaverse in the future.
A Next Bluechip?
Early-stage metaverse projects are aiming to become the next blue-chip utility token alongside the current big-4 that is Axie Infinity (AXS), Decentraland (MANA), The Sandbox (SAND) and ApeCoin (APE).
The growth and adoption of NFT Worlds is signalling they could become that next blue-chip by creating a multi-metaverse of 10,000 metaverse plots for communities and production companies to build virtual worlds on. Each of the NFT Worlds is developed by world the individual owners or communities.
On the ‘Metaverse Spectrum’, NFT worlds are 3D voxel-based worlds that appeal to younger audiences and the ‘Minecraft generation’ that will grow into adulthood in the coming years. NFT Worlds are built using the Minecraft open-source ecosystem and require it to play. Minecraft cost me approximately $30 to purchase.
The WRLD token is the multi-metaverse in-game currency and is deployed on both the Ethereum and Polygon networks with WRLD’s gasless transaction layer operating on Polygon. WRLD is a token earned and used by players in NFT Worlds, creating an interconnected economic ecosystem of games and experiences.
Major Brands own NFT Worlds
There is a convenient public ‘project tracker‘ of brands and communities that are building on top of NFT Worlds, with the list comprising over 100 names including RTFKT, Deadfellaz, The Wanderers, Tie Dye Ninjas and The Doge Pound.
Token Comparables
| Token | Market Cap | Fully Diluted Market Cap |
|---|
| WRLD | $82.8M | $808.6M |
|---|
| AXS | $3.5B | $12.4B |
| MANA | $3.2B | $4.6B |
| SAND | $3.1B | $8.1B |
| APE | $3.1B | $11.2B |
Bearish Note: High Token Supply Inflation Rate
My largest qualm with investment into the WRLD token is the low circulating token supply of 10.2% based on a circulating token supply of 511.7M and the total token supply of 5.0B. Given the project is play-to-earn, a large 50% of the token supply has been allocated to P2E rewards over the coming 5 years. The other largest allocation is for staking rewards for NFT World holders, with rewards also paid for 5 years.
NFT Worlds Team
The NFT Worlds team is public and led by @iamarkdev and @temptranquil. The broader team is comprised of several community moderators, and dozens of verified builder partners creating incredible NFT Worlds content and in-game experiences for players, as well as developing worlds for world owners that request it.
👉Related content: Metaverse Round-Up, A Dive into Metaverse Land 👈