# NFTs, CNFTs & Tokens \ The CardanoVerse Metaverse Token (CVM) is an essential part of The CardanoVerse platform and we are working on establishing key mechanics that makes it intrinsically tied to The CardanoVerse platform and its value. The CardanoVerse Token is a native utility token built on the Cardano blockchain that serves as the basis for transactions within The CardanoVerse. ### Tokens & NFTs Players spend The CardanoVerse Token in order to play activities, buy equipment, or customize their Avatar character. ### Governance The CardanoVerse Token is a governance token that allows holders to participate in Governance decisions of the platform, using a planned DAO structure. They can exercise voting rights on key elements such as The CardanoVerse Foundation, grant attributions to content and game creators and feature prioritisation on the platform Roadmap. The CardanoVerse Token owners can vote themselves or delegate voting rights to other players of their choice. ### The CardanoVerse Foundation The role of the The CardanoVerse Foundation is to support the ecosystem of The CardanoVerse, offering grants to incentivize high quality content & game production on the platform. The overall valuation of the metaverse grows through the valuation of all ACTIVITIES funded by the The CardanoVerse Foundation, creating a virtuous circle to enable funding further development. NFTs will be used to own various parts of The CardanoVerse and will be purchase using Cardano ADA and other Cardano Native Currencies, denominated in US Dollars. ### Other Cardano Native Tokens We will actively work to incorporate other Cardano tokens as acceptable currencies in The CardanoVerse including our “HUBS Token”. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://the-cardanoverse.gitbook.io/the-cardanoverse/the-cardanoverse-tokenomics/nfts-cnfts-and-tokens.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.