A new chapter in metaverse gaming goes live this week with the launch of Bear Hunt from Bullieverse. Apart from the spectacular graphics and fun experiences, this new game is bringing to life new concepts that show the growing sophistication of metaverse gaming.

What Bullieverse is building could redefine more than just the gaming landscape. It could potentially change how people interact with and perceive traditional socioeconomic structures like financial institutions, marketplaces and governments. This is because a metaverse built on the foundations of Web 3 provides a proof of concept for a self-sovereign financial system, an open creator economy and universal digital representation and ownership that lend themselves to a wide variety of emerging digital environments and forms of value creation.

Take for example play-to-mint. This structure allows players to mint non-fungible tokens (NFTs) through their gameplay. These can then have additional utilities assigned to them and be used as avatars across the multiverse, bringing with them digital identities. Many other NFT communities only use NFTs as digital images. Bullieverse brings these NFTs to life. Even before the game goes live, there are already 2,400 NFT holders within the Bullieverse ecosystem. In total, Bullieverse expects 1,000 gamers in total at launch, quickly scaling to 10,000 by the end of Q3. These in-game NFTs, accrued through the play-to-mint model, can be traded on OpenSea, but Bullieverse is also building an internal marketplace for them.

However, one way to measure the strength of a metaverse community is through the volatility of its NFT trading. The greater the level of “HODLing,” the greater the sense of belief. Indeed, 85% of Bullieverse NFTs have not changed hands for more than three months. As one commentator has noted: “The community is one of the strongest I have ever seen.” Apart from a solid community, Bullieverse has amazing partners like Polygon, Merit Circle, Admix and Chainlink.

Bullieverse is an open metaverse developed for the community of players and creators. It’s built for the Web 3 citizen to have an immersive environment. As a result, gamers enjoy an out of this world experience that is combined with a transparent and fair monetization mechanism, which underpins the play-to-earn economy. Furthermore, it’s powered by an easy-to-build, “low code” platform for community members creating and publishing games. The result is a high-quality gaming platform, where users come to both play and earn, as well as to experience it.

In line with the spirit of a decentralized autonomous organization (DAO), Bullieverse will evolve into a community-owned metaverse. This will be achieved as players and game creators start earning Bull tokens.

At heart, Bullieverse is a gaming ecosystem. But it believes in compensating its community for their time and loyalty. Users can not only own NFTs but can also use those NFTs to play the games. These asset owners can rent and lease their assets to others in the community. The metaverse can also host events and experiences that its community can enjoy and cherish. In due course, it will also be able to interoperate with other metaverse economies.

The launchpad for the entire vision is through building a loyal and crypto-native community that loves the designs, immersive gameplay and simple game creation mechanisms. This is then matched by an ecosystem that allows players to mint NFTs that have deep utility and appreciable value.


Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.