Cardano-based Apexaverse Announces Plans to Take on the Metaverse, P2E, and NFTs

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It’s safe to say that the cryptocurrency industry, with all its different niches, has far surpassed Satoshi Nakamoto’s grand idea from over a decade ago. The past few years have been exceptionally turbulent with the emergence of decentralized finance, non-fungible tokens, play-to-earn games, and the recent trend – the Metaverse.

By being able to utilize the transparent and permissionless nature of blockchain technology, many projects popped up trying to take a market share of these promising industries that many predicted will reach hundreds of billions of dollars in the next few years.

This is where Apexaverse steps in, as the protocol aims to combine and explore the best of different worlds with its own utility token and Cardano-based infrastructure.

Apexaverse’s Take on NFT, P2E, and the Metaverse

So what does this combination of different worlds mean? The team behind the project explained that it wants to capitalize on the gaming landscape by implementing blockchain-based experiences to the Metaverse, allowing for further decentralization and enhanced security.

The play-to-earn functionality, which essentially enables users to earn tokens while playing certain games, and the NFT collections should give the proper boost and differentiate the protocol from other competitors.

The game will be available on browsers and on Android and iOS devices. Players will be able to compete in different digital worlds and earn NFTs along the way.

The platform will have its own utility token to power it – AXV. It will have multiple implementations, including a medium of exchange within the Metaverse where users will be able to buy, sell, trade, and modify in-game assets.

Additionally, the token will be utilized as points of entry for various areas of the Metaverse, accessing new quests, or leveling up. The team promised to provide a few streams of income for customers through GameHubs, a Staking Platform, an NFT Marketplace, and others.

Apexaverse said it chose Cardano because of its fast growth in recent years and due to the pure PoS consensus protocol (Ouroboros), which allows for private and randomly selected stake pool leaders to proportionally distribute their stakes to generate new blocks.

About Apexaverse

Based on the Cardano blockchain, Apexaverse aims to be at the center of an intersection between the worlds of web 3, the Metaverse, P2E games, and NFTs. The project wants to create a diverse and dynamic ecosystem with interactive experiences for players, where they can combat, cooperate, build skills, and earn profits.

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