Get All Access for $5/mo

Metaverse Gaming To Be Launched By the First In-depth Metaverse Project On Cardano The Adademon team has said they will release the game's MVP and an ADADEMON metaverse demo next week

By Srivatsa KR

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Handout

Adademon, a play-to-earn platform based in the metaverse, has prompted a shift in the NFT gaming industry. There is a private seed sale going on right now.

The Adademon team has said they will release the game's MVP and an ADADEMON metaverse demo next week. This will give players their first look at what Adademon's play-to-earn ecosystem could look like.

CUBIX partnership

The team recently made a deal with CUBIX.co, a top development company that will help make its project a reality. Last week, the delegation team went to the CUBIX regional office to finish work on the version of their metaverse game that uses the Cardano blockchain.

To enable investors to participate on the platform, it also unveiled its Adademon utility token ($AGONY), allowing users to access gaming platforms, DAO, and Defi/Staking. $Agony is now available for early adopters who want to use it at its best.

Staking pool with VYFinance

Adademon has also set up a staking pool with VYFinance, which is a crucial step toward achieving its project, making it possible for anyone to trade their $VYFI token for a $AGONY token by staking it. The stake can pay up to 1 million $AGONY, and each token costs $0.003. The APR is also set at 41.47 per cent. You need the VYFI app to start staking.

Elysian Plains

Another intriguing part of the Adademon platform is the Elysian Plains that offers investors the opportunity to acquire tools, data, and infrastructure required within the Adademon metaverse.

It comes with an overload effect, which is an integral part of that game that gives the top 10 landowners 1.5 per cent of their entire Adademon income. In addition, landowners can do whatever they like within their land.

Another unique feature of the Elysian Plains is the underdog effect that provides special attention to investors who can't purchase a lot of land on the platform. It allows investors with properties worth less to receive a higher APY. This will enable these small investors to become part of the community, making everyone involved.

Anyone can list or look for land for sale or rent in the ADA Demon Marketplace. Since all transactions are recorded on the immutable Cardano blockchain, a person who buys a plot of land automatically owns any assets that are on that plot. The team says that each token of Elysian land contains a code that tells where it is in the world. The value of the location is also affected by how easy it is to get to major roads and landmarks.

Note: Investment in cryptocurrency and crypto assets is subject to financial risk and readers should do their own due diligence. Entrepreneur Media does not endorse any such investment.
Srivatsa KR

Start-up enthusiast & Blogger

News and Trends

Easing the stress with new-age health solutions

With rapid scaling and idea-making seen in the Indian eco-system, it is only speculated that the now-easily accessible healthcare systems will try to reach further depths of the country.

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Leadership

ITC's Marketing Wizard: Shuvadip Banerjee, Chief Digital Marketing Officer

The FMCG giant's successful campaign #MyFantasyAdWithSRK broke the Internet and in just a few weeks of launch had 10 lakh participants

Business News

Microsoft Reportedly Lays Off Over 1,500 Employees in Cloud Sector as Partnership with OpenAI Strengthens

Alphabet also reportedly laid off employees from several teams in Google's cloud unit last week.

News and Trends

Empowering MSMEs: Unlocking India's Trillion-Dollar Manufacturing Potential

By empowering MSMEs, India can realize its vision of a robust trillion-dollar manufacturing sector, fueling economic prosperity and sustainable development