Gaming and NFT Token MaticVerse Takes Investors on Wild Ride


Gaming is expected to be one of the biggest use cases for cryptocurrencies and the blockchain, while NFTs are a burgeoning market segment. MaticVerse is positioned right at the intersection of both of these trends, and its “NFT play-to-earn gamefi token” is starting to reflect that demand.

Some recently achieved milestones have emboldened the MVERSE community, sending the token soaring through the roof. The rally has since lost steam and the token has shaved approximately 40% off its value in the last 24 hours to $0.0001906. Investors are not complaining, however, as over the past week the price has more than tripled. In the past 30 day stretch, MaticVerse is up more than 800% as the token has muscled its way higher on the leaderboard.

MaticVerse Chart | Source: CoinMarketCap

What Is MaticVerse?

The MaticVerse ecosystem comprises the MVERSE token, an NFT marketplace and a game.  In early November, the project launched its BabyVengers game, which the MaticVerse website describes as “a player VS environment battle card game.”

BabyVengers are akin to heroes that are spread across half a dozen classes based on their respective superpowers. The game has an NFT component, and to obtain a group of Baby Vengers gamers must first mint NFTs on the MaticVerse marketplace. The game lets users “play to earn” the MVERSE token.

Recent Developments

MaticVerse recently “integrated the Chainlink Verifiable Random Function (VRF) on Binance Smart Chain (BSC) mainnet” for its NFT-powered superhero game. The way that Chainlink describes it, “MaticVerse needs a fair source of randomness that any player can verify.” That’s where Chainklink comes in, and its role is to “help secure MaticVerse’s BSC-based battle system.”

 

MaticVerse the token trades on Binance Smart Chain and the Polygon Network. Polygon is a platform for Ethereum scaling and infrastructure building that was previously known as the Matic Network. It counts Dallas Mavericks owner Mark Cuban among its backers.

Cuban is bullish on NFTs and is looking for ways to integrate these digital collectibles into his NBA team. He wants to issue digital ticket collectibles as NFTs to fans attending Mavs games. Fans who buy a smart ticket and attend the game can receive these NFTs.

The MaticVerse token boasts more than 7,000 holders at last check.



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