NFT Worlds Rolls Out $WRLD 2.0 with Tokenomics Changes

According to reports, $WRLD 2.0 will bring exciting features such as token staking and a P2E faucet to long-time supporters of NFT Worlds.

Jul 30, 2022
by Akira Ming
NFT Worlds Rolls Out $WRLD 2.0 with Tokenomics Changes
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NFT Worlds introduces revamped tokenomics in $WRLD 2.0

In a bid to create a better gaming ecosystem, the team behind NFT Worlds released $WRLD 2.0 with improved tokenomics. In particular, these changes will focus on token stability, player economics, scalable gameplay-driven token sinks, and more. Let's dive in!

To begin with, $WRLD is the primary utility token of NFT Worlds with a fixed supply. Players and world owners can earn $WRLD tokens and use them to access various perks and exclusive experiences in the game. 

Given that, the first notable change in $WRLD 2.0 is the token allocation of $WRLD itself. Initially at 50% of the total supply, the amount of $WRLD allocated to P2E rewards is now reduced to 28%. Out of the 22% difference, 10% of it goes to $LP-WRLD staking and 12% of it acts as reserved liquidity for centralized exchange (CEX) listings. 

As you might guess, token staking will go live in $WRLD 2.0. How it works is that those who provide liquidity to the $WRLD/ETH pool will receive $LP-WRLD tokens in exchange. If you stake these $LP-WRLD tokens, you will earn liquidity provider (LP) fees, $WRLD tokens, and non-transferable $veLP-WRLD tokens in return. Just so you know, $veLP-WRLD is a governance token that you can use to vote for your favorite world and boost its P2E reward distribution. 

This brings us to the next feature, which is the P2E faucet in $WRLD 2.0. In essence, the faucet will provide worlds with $WRLD tokens to reward their players. Each world will have its own base reward and reward boost. In terms of reward boost, it is solely determined by the number of $veLP-WRLD votes that the world receives. So the more $veLP-WRLD votes it has, the higher the P2E rewards it can offer. 

Next, the NFT Worlds marketplace will also introduce a 2.5% fee for all transactions in $WRLD. Fees will be split 50/50 between NFT Worlds treasury and Genesis Avatar holders. If this goes live, Genesis Avatar holders can start to enjoy passive income in the form of $WRLD tokens. 

On the whole, these are just some of the noteworthy updates in $WRLD 2.0. Given the Minecraft ban, hopefully, an improved tokenomics will help NFT Worlds to make a great comeback in this space. 

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