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Is NFT Worlds worth investing in?

NFT Worlds Current Outlook: Medium Positive;

TL;DR

  • WRLD may continue to stay at low price position (< $0.1) in the upcoming future;

  • Gamefi token prices are usually parabola curves and WRLD has come over its highest price($0.62 on Feb. 20, 2022), referring to token price performance of Decentraland and the Sandbox.

  • Every spike in token price came after dramatic user increase. As a bear market now and new users decreasing, NFT World may not very likely to see an explosive increase in token price.

  • The project team’s strong credibility has convince the market that NFT Worlds can be a long-term investment target.

Current Token Price (Jun 30)

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Project Background and Intro:

You may skip this part if you are familiar with the project.

  • Basic Intro:

    • NFT Worlds is a fully decentralized, fully customizable, community driven, play to earn gaming platform where world owners can create their own limitless metaverse games or experiences for players or exclusive communities within their worlds. It is booststraped with Minecraft.

  • How to Play:

    • Acquiring A World: Buy a NFT worlds via OpenSea (current available) or rent one (to be launched later this year);

    • Build Your World: visit here for more info;

    • What is WRLD: The $WRLD token is NFT Worlds in-game currency. It is deployed on both the Ethereum and Polygon networks.

  • TokenEconomics and Distribution:

    • Total of 5 billion $WRLD is supplied with below distributions:

    • P2E: 2.5 billion $WRLD (50%) will be locked up and targeted to be linearly distributed over a 5 year timeline target to players interacting with these play to earn mechanisms.

      • P2E percentage has been revised in the Roadmap 2.0 to 35% with the 15% reduction would be repurposed to meet requirements related to centralized.

    • Claim: 500 million $WRLD (10%) will be claimable over 2 different claimable periods. Each period airdropping 250 million $WRLD. (Already airdropped on Dec 23, 2021 and Feb. 28, 2022);

    • Staking: 1.75 billion $WRLD (35%) will be locked up and distributed over a 5 year target timeline to world owners that stake their NFT Worlds.

    • Team Reserve: 250 Million $WRLD (5%) will be locked up in the NFT World team's treasury which will be used for in-game promotions, new builder partner incentives, in-game event and much more.

WRLD will continue to stay at low price position ( < $0.1) in the upcoming future, but it is still seen as a potential project with below reasons:

I. Gamefi token prices are usually parabola curves and WRLD has come over its highest price($1.18 on Feb. 19, 2022), referring to token price performance of Decentraland and the Sandbox.

  • The token price trend of Decentraland and the Sandbox, major competitors of NFT Worlds, have shown a similar parabola curves;

  • WRLD has hit the peak price and will continue to stay at a lower position( < $0.1);

  • Considering the bear market for now, there is no sign that WRLD price will climb up dramatically;

Price Trend of WRLD (NFT Worlds)
Price Trend of WRLD (NFT Worlds)
Price Trend of MANA (Decentraland)
Price Trend of MANA (Decentraland)
Price Trend of SAND (the Sandbox)
Price Trend of SAND (the Sandbox)

II. Every spike in token price came after dramatic user increase. As a bear market now and new users decreasing, NFT World may not very likely to see an explosive increase in token price.

  • The active users of NFT Worlds dropped to below double digits from its highest point of 9000+;

  • The floor price is 3.74 ETH ( 3940 USD ) for now. Even it has been decreasing but still relative expensive compared to other Gamefi projects, making its threshold high for new players.

  • Considering the bear market, few new players may join in near future.

User Trend of NFT Worlds
User Trend of NFT Worlds
NFT Prices of NFT Worlds on OpenSea
NFT Prices of NFT Worlds on OpenSea

III. The project team’s strong credibility has convince the market that NFT Worlds can be a long-term investment target.

  • The project team is led by @iamarkdev and @temptranquil. They were also the founders of Gray Boy NFT — consists of 10,000 NFT and member of The Mothership.

  • The project team has experience in the open source environment of Minecraft for nearly 10 years.

  • Roadmap 1.0 basically has all been delivered, giving the market a strong confidence in their execution ability. They are now moving into Roadmap 2.0.

  • Major risk point is that the project has not obtained recognition from Minecraft or Microsoft. As a project relying on Minecraft, the continuity may be risky from a long-term perspective.

Roadmap 1.0 checklist (Screenshot in Feb, 2022)
Roadmap 1.0 checklist (Screenshot in Feb, 2022)

This content is for informational purposes only, not investment advice. Welcome follow @GameFiDash

Website: https://www.nftworlds.com/

Discord: https://discord.com/invite/nft-worlds

Twitter: https://twitter.com/nftworldsNFT

White paper: https://docs.nftworlds.com/

OpenSea:https://opensea.io/collection/nft-worlds