The Cryptoverse is a 3D virtual world that is built in the Unreal Engine and underpinned by blockchain technologies.
The Cryptoverse is a 3D virtual world that is built in the Unreal Engine and underpinned by blockchain technologies. Within the Cryptoverse, users will be empowered to: create, own and monetize experiences using $CGG, the utility token which also underpins the ChainGuardians and ChainBoost ecosystems.
Within The Cryptoverse, users can maintain provable ownership of their virtual space, also known as LAND, represented as an ERC-721 token or Non-Fungible Token (NFT). Ownership of users’ NFTs will be manifested through the Ethereum blockchain, a peer-to-peer network underpinned by distributed ledger technology. Despite a consistent challenge with rising gas prices due to mining fees, Ethereum is still considered favourably for its security and reliability. Other chains will also be utilized where appropriate for Dapps, software development tools and scalability. It is noteworthy that whilst the LAND NFTs will be represented as ERC721 tokens, The Cryptoverse will be the first Metaverse that is building towards a multi-chain world.
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