New Play-to-Earn Altcoin on Ethereum Soars 15,000% in Just Four Months, Shatters $1,000,000,000 Market Cap

A brand-new alien-themed video gaming token is leaving earth’s environment as the total metaverse pattern continues to sizzle.

Decentralized social video gaming platform UFO Gaming (UFO) is developed on the Ethereum network and includes a “Dark Metaverse” where users can produce their own clans, own and trade virtual land and make crypto or non-fungible tokens (NFTs).

Data from CoinGecko highlights UFO’s meteoric increase given that very first introducing in July, leaping 15,379% from its preliminary cost of $0.000000350110 to today’s worth of $0.00005418.

The altcoin has actually risen 150% in the previous week alone.

The group behind UFO states the environment plans to be neighborhood focused and include a wide array of distinct worlds.

“When a new planet is discovered, a new game is not far behind. Each game will be dedicated to one planet in its own sub-economy of the entire Dark Metaverse.”

UFO job top priorities consist of,

“A platform for decentralized gaming, choose your favorite genre to earn from. Asset ownership [that] is fully determined by the users. Gaming assets (NFTs, currency) that may be transferred from one platform to another. Play-to-earn [P2E] gaming economy that is transparent and sustainable.”

Token holders can make “plasma points” from staking while the biggest holders have actually DAO (decentralized self-governing company) ballot rights to figure out the future of the UFO metaverse.

At time of composing, UFO is ranked 107th in market cap, with an overall worth above $1.4 billion.

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Featured Image: Shutterstock/Gorodenkoff