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“The metaverse” is on everyone’s lips nowadays. From gaming studios like Square Enix to media brands like Disney, everyone is itching to get involved in Web3. Tech giants like Facebook’s Meta have even made it their mission to invest and develop metaverse-related technologies and experiences.
While the metaverse isn’t exclusively for video games, the gaming industry has certainly taken an interest in building more immersive platforms. Virtual land in games like The Sandbox and Decentraland has become almost as valuable as property in physical reality. CNBC estimates that investors have already spent $500 million on virtual land NFTs, which could easily reach $1 billion in 2022.
However, just because the metaverse and land NFTs are hot doesn’t mean every project will succeed. It’s easy for companies to attract investments when the crypto bull market is in full swing. Once the chill of crypto winter starts blowing, it’s easy to see which metaverse platforms have the solid fundamentals to carry them through tough times.
Metablaze is fully aware of the opportunities and risks in the dynamic blockchain-based metaverse industry. To distinguish itself from the competition — and preserve its value during inevitable crypto dips — the Metablaze team focused on building a robust Web3 ecosystem that doesn’t rely too heavily on one aspect. Instead of just focusing on play-to-earn gaming, NFT trading, or DeFi, Metablaze is working on a unique metaverse platform that connects all the latest innovations in GameFi.
What Makes Metablaze’s Metaverse So Distinct? — The Significance Of Metablaze’s MBLZ Tokenomoics
Although Metablaze is focused on producing a stunning 3D massively multiplayer online role-playing game (MMPORG) by 2024, this project is much more than just a gaming studio. What sets Metablaze apart from many other metaverse games is its intricate and interconnected Web3 ecosystem.
As Metablaze’s founders often claim, they want their platform to be accessible to gamers and non-gamers. Metablaze is using the greatest innovations in the Web3 space to build a community and an economy that can thrive no matter the broader crypto market’s conditions.
There are many strategies Metablaze has put into place to achieve its ambitious goal, but they all center around the Metablaze token (MBLZ). Now in the final phase of its successful presale, MBLZ will serve as the native currency for the forthcoming “Blaziverse.”
Not only will players use MBLZ to make in-game purchases on character NFTs or virtual land, MBLZ will be the primary reward for Metablaze’s “play-to-earn” feature. Metablaze will also allow NFT holders to rent out their characters or develop their virtual land for passive income with MBLZ.
Although other popular metaverses have proprietary tokens, only MBLZ has a unique AI-enabled burn mechanism. Unlike cryptos like ApeCoin or SAND, Metablaze’s MBLZ can auto-detect massive market moves and quickly re-adjust the circulating supply.
For example, if someone were to dump a ton of MBLZ onto the open market, Metablaze’s AI will buy and burn the appropriate amount of tokens to keep its price stable. Metablaze has already planned to burn up to 48 percent of MBLZ’s circulating supply, ensuring everyone involved in the Metablaze community can profit from the platform’s play-to-earn mechanics.
While impressive graphics and a fun storyline are crucial for a game’s success, only projects with thoughtful tokenomics could promise gamers a meaningful incentive. After all, a critical feature distinguishing GameFi from traditional games is that players can earn rewards for their time. Even popular games like Axie Infinity or upcoming titles like Yuga Labs’ “Otherside” have faced issues from fans partially due to their tokenomics strategies.
In the case of Yuga Labs, initial land sales for its “Otherside” metaverse faced massive issues due to “gas wars” on the Ethereum blockchain. Indeed, Dappradar estimates people paid upwards of $165 million in gas fees just to acquire NFT land parcels.
Metablaze considered this potential fee issue when designing the MBLZ token. Unlike most metaverse tokens, MBLZ isn’t just on the Ethereum blockchain. At launch, MBLZ will be available as a BEP-20 token on the Binance Smart Chain. However, Metablaze is working on an ERC-20 version of MBLZ and a secure bridge between Ethereum and the BSC.
This dual-blockchain strategy provides Metablaze gamers with the best of both worlds. Not only could MBLZ holders enjoy the dominance and popularity of the Ethereum blockchain, they could take advantage of lower transaction fees on BSC. This also means MBLZ will be readily available to crypto traders on two of the world’s largest decentralized exchanges: Uniswap and PancakeSwap.
Metablaze wants to ensure everyone who uses the BLAZEdApp or the upcoming player-vs-player game feels they are valued. In addition to offering a fantastic AAA gaming experience, Metablaze has placed central importance on maintaining the value of the MBLZ token.
While the crypto markets will remain volatile for years, Metablaze’s pre-planned burning strategy and AI system will help preserve the purchasing power of MBLZ. With this assurance, gamers and investors should feel more comfortable about the sustainability of Metablaze’s metaverse.
The MBLZ Presale Is “Blazing” Hot!
Judging by the data from the ongoing MBLZ presale, many early investors believe in the prospects of the Metablaze project. The Metablaze team has already raised $2.5 million in MBLZ token sales. Initial reports also suggest that there are at least 1,600 MBLZ holders, and more people are jumping into the Metablaze community as the presale continues.
Unlike many other initial coin offerings (ICOs), Metablaze opened its MBLZ presale to anyone with an interest in this project. People who want to invest in Metablaze could easily buy tokens in the last MBLZ presale round on Metablaze’s official website: MetaBlazeToken.com
For those still unsure about joining the Metablaze universe, it’s easy to connect with team leaders on Twitter, Instagram, and Facebook. Metablaze also has a Discord server and a Medium page with many relevant posts on the latest developments. On the official Metablaze website, visitors could find a full copy of the project’s white paper and CertiK audited records on Metablaze’s smart contracts.