NFTs, CNFTs & Tokens

This page is under review and subject to change, it is here for information, to generate comments or suggestions

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”.