Minecraft-based crypto project NFT Worlds charts comeback with node sale and rebrand
Quick Take The creator of the Minecraft-based project NFT Worlds, now working on the crypto game Hytopia, is issuing a node sale that will allow people to earn rewards. The blockchain-based game is scheduled to launch a beta version early this year and has more than 1 million users pre-registered, according to the developer.
Minecraft's ban of non-fungible tokens decimated NFT Worlds, a project which relied on the Microsoft-owned game's implicit approval. Now, the team behind the project is hoping for a new beginning.
NFT Worlds, since rebranded as Hychain Games, the developer of the crypto video game Hytopia, is launching a node sale for Hychain, the game's Layer 2 blockchain. The company said Hychain is based on Arbitrum’s Orbit technology.
Free-to-play Hytopia, which looks to be heavily inspired by Minecraft, is slated to release an "invite only" beta version of the game by the end of the first quarter, according to a statement. Hytopia's beta has more than 1 million players pre-registered, the statement also said. "Hytopia emerged from the vision of transforming the Minecraft experience with blockchain technology," Hychain Games said in its statement. "Compared with Minecraft, Hytopia leverages web3 functionality to introduce player-driven economies and real ownership of in-game assets."
NFT Worlds had its world turned upside down in the summer of 2022 by Mojang Studios, the Swedish developer of Minecraft, when it banned NFT integrations . NFT Worlds had used Minecraft's source code as a basis for its NFT-powered metaverse. At one point, NFT Worlds' non-fungible tokens had generated tens of millions of dollars in transaction revenue, according to a report .
A look at Hytopia. Image: Hychain's website.
Earning rewards
Hytopia's developers are hoping that the Hychain node sale will serve "as an invitation to the global gaming community to earn rewards for helping to ensure the operation and security of Hytopia's underlying network."
"We're giving back to the community and incentivizing participation in network security," Hytopia and Hychain's pseudonymous co-founder ArkDev said in the statement. "By decentralizing the operation of our network, we're handing over the keys to the community, empowering them to shape the future of gaming."
Hychain Games also said the node sale will unfurl in five phases with the first four phases "exclusively accessible to whitelisted members."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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