@themetroverse is the “Sim City” NFT equivalent. It partially fits into that NFT Land category, but with real estate and a P2E game already developed.
Is it undervalued? IMO, Yes.
🧵
Is it undervalued? IMO, Yes.
🧵
1/ Why buy an undeveloped NFT land when you can buy a ready developed one with a fully functional P2E game already rolled out?
After all the metaverse only has value through players adopting the land asset.
Disclosure: I own 2 Metroverse NFTs that are staked.
After all the metaverse only has value through players adopting the land asset.
Disclosure: I own 2 Metroverse NFTs that are staked.
2/ Players strategically collect and trade city blocks to grow their economy and earn the $MET utility token.
The city overall score defines the $MET production. A score of 300 yields 300 base $MET per day.
$MET tokens can be used within the game economy to improve their hood.
The city overall score defines the $MET production. A score of 300 yields 300 base $MET per day.
$MET tokens can be used within the game economy to improve their hood.
3/ The interesting twist to this NFT is that each players’ strategy will be different depending on which boost they are after.
For instance a player owning a city with a bus stop and subway station, will be looking for a metaxi station to receive the 5% boost to their $MET.
For instance a player owning a city with a bus stop and subway station, will be looking for a metaxi station to receive the 5% boost to their $MET.
4/ At the time, the cheapest available "Metaxi" is 2.48 Eth, compared to a floor of 2.3 Eth. So would need to pay a premium to obtain this. Is the premium worth the 5% $MET boost?
Or to use a phrase “one person’s junk is another’s treasure”.
Or to use a phrase “one person’s junk is another’s treasure”.
5/ Current base emissions:
At 23/2/2022 there are 94.4% of blocks staked. Assuming an average score of 300 that would equate to 2.832m $MET produced daily.
This is a 500k increase in daily $MET production compared to 23 Jan.
At 23/2/2022 there are 94.4% of blocks staked. Assuming an average score of 300 that would equate to 2.832m $MET produced daily.
This is a 500k increase in daily $MET production compared to 23 Jan.
6/ This is then boosted by complimentary city blocks which is where the strategising comes into play. Players identify what others need and hold them ransom… fun! It becomes an addictive Monopoly style P2E blockchain equivalent.
7/ $MET value will be determined by the in game utility. @EtherOrcs are a leader who have seen significant burns (86%) of their utility token $ZUG since launch.
If $MET develops a similar addictive utility, then the NFT will do well.
[Source: etherorcs-spy.vercel.app]
If $MET develops a similar addictive utility, then the NFT will do well.
[Source: etherorcs-spy.vercel.app]
8/ Known plans include:
- Blackout collection mint (25k $MET cost)
- Mayors - enabling PVP gaming
While the mechanics are not yet known, the team has a significant amount of development experience.
- Blackout collection mint (25k $MET cost)
- Mayors - enabling PVP gaming
While the mechanics are not yet known, the team has a significant amount of development experience.
9/ To date:
- The GUI dashboard is clean
- The $MET token launch was smooth
- The boost addition was successfully implemented with no concerns
So the performance to date is strong!
- The GUI dashboard is clean
- The $MET token launch was smooth
- The boost addition was successfully implemented with no concerns
So the performance to date is strong!
10/ Betting on people is a good strategy and @themetroverse has 6 key team developers / designers and a strong team of 4 community team members.
docs.metroverse.com/introduction/t…
docs.metroverse.com/introduction/t…
11/ How can I get $MET outside of owning a city block?
Currently tracking at $0.12 the liquidity pool set up by the community is available at the following:
dextools.io/app/ether/pair…
Having an LP setup is important for the project longevity. See:
Currently tracking at $0.12 the liquidity pool set up by the community is available at the following:
dextools.io/app/ether/pair…
Having an LP setup is important for the project longevity. See:
https://twitter.com/s_j_l89/status/1488358183295152129?s=21
12/ 300 $MET per day allows for an average return of $36 USD per day. Which with a floor of 2.3Eth ($6,025) equates to an ROI of 218%.
Track at @OriginsNFT passive yield rankings. Latest available at:
@metroverse returning 196% at a rank of #8 on 22/2
Track at @OriginsNFT passive yield rankings. Latest available at:
https://twitter.com/OriginsNFT/status/1496137706287550470?s=20&t=aUeQ79Ywixu27HbcExTujg
@metroverse returning 196% at a rank of #8 on 22/2
13/ 5% royalties on 16.7k Eth ($44m) in volume equates to $2.2m in royalties so will be interesting to see whether this is reinvested back into the development of the game.
If so, then this is extremely bullish. Not to mention the initial 1k Eth raised from the mint.
If so, then this is extremely bullish. Not to mention the initial 1k Eth raised from the mint.
14/ If development continues to be as promising as NFTW then we could see a @skuxxverse equivalent pop up for the Metroverse with $MET being distributed back to NFT pass holders… ;)
https://twitter.com/S_J_L89/status/1496105219826282501?s=20&t=aUeQ79Ywixu27HbcExTujg
15/ One area I would like to see is the gameplay moved to an L2 or equivalent.
For the longevity of the game storing assets on Ethereum is beneficial for security, while scalability is better on L2. But who knows that could be already in the pipeline!
For the longevity of the game storing assets on Ethereum is beneficial for security, while scalability is better on L2. But who knows that could be already in the pipeline!
https://twitter.com/S_J_L89/status/1491660606621220864?s=20&t=YKdGKj1-O5VDGyMGYnyLmQ
16/ Strong performance to date and looking forward to the next phases of the project with PVP Mayors and blackout utility!
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