The use case of blockchain has gone beyond just being the backbone of cryptocurrencies. The technology is disrupting many industries, such as the online video gaming field.
For nearly 50 years, gamers were at the mercy of conventional corporate structures as they only played games for entertainment and relaxation. However, blockchain has changed that narrative. GameFi projects now offer gamers the opportunity to earn rewards in cryptocurrency while doing what they do best, thanks to blockchain concepts like NFTs and Play-to-Earn (P2E).
For clarity, the term GameFi was derived from the words “game” and “finance.” It uses the P2E model and combines blockchain, NFTs, cryptocurrency, and game mechanics to create a platform that allows players to earn in the process of gaming.
But this is only just the beginning. The massive surge in play-to-earn blockchain games and non-fungible tokens (NFTs) has fueled interest in the Metaverse, a term used to describe a virtual world where people can socialize, work, play, and earn using avatars.
Interestingly, as the GameFi market continues to grow, more projects are emerging, creating more earning opportunities with a blend of blockchain gaming, NFTs, and Metaverse. One such project is MetaBlaze.
What is MetaBlaze?
MetaBlaze is a decentralized metaverse ecosystem that is building a robust network of value-added utilities to help users maximize their metaverse investments. The platform is integrating several emerging trends within the digital asset industry, including NFTs, metaverse, and role-playing games (RPGs).
All these utilities are designed to provide continuous funding to the platform’s economy, optimizing MetaBlaze’s sustainable scalability and providing maximum benefit to users. The platform aims to create a virtual environment where users from different parts of the world can interact with avatars and gain control of the metaverse.
The platform’s long-term objective is to create an immersive play-to-earn RPG made up of virtual worlds based on mystical NFT characters, including Orcs, Goblins, Elves, and more. The game will take place in a 3D virtual world with high-quality graphics where players battle, trade, rent land parcels and collect taxes to generate yield.
MetaBlaze intends to leverage the explosive growth of virtual real estate in recent times to include property ownership as an aspect of its GameFi strategy. In addition to owning virtual lands in the MetaBlaze ecosystem, players can also own the NFT creatures themselves. These NFTs are one-of-a-kind art pieces that are designed to represent a level of quality and rarity.
MetaBlaze promises to provide users with a wide range of value-added utility features to improve their experience and increase their earnings. Some of these features include:
MetaRoyal NFTs are handmade non-fungible tokens that will be made available to early supporters of the project. These NFTs are first hand-sculpted, hand-painted, and then digitized before they are minted on the blockchain.
Interestingly, there will only be 200 MetaRoyal NFTs on the platform. These NFTs will be minted on OpenSea, the world’s largest NFT marketplace.
The MetaRoyal club is an exclusive membership-only club that offers MetaRoyal NFT holders access to a perpetual passive income system. By simply holding the NFTs, users receive royalties from the secondary resales of every other NFT created by MetaBlaze.
The MetaRoyal owners can receive 10% of royalty payments from OpenSea, giving an earning potential to holders.
MetaBlaze aims to focus on growth through its decentralized application (dApp), dubbed BLAZEdApp. With BLAZEdApp, users can see how much passive income they have earned from holding MBLZ tokens in their wallets.
The dApp helps users keep track of their NFT creatures, know what level they are at in the in-built game, and be able to track their progress with rewards.
This is a rewards mechanism that MetaBlaze employs to compensate holders of its native token. Users can earn these rewards by holding the METABLAZE tokens. The rewards accumulated are determined by the number of tokens users hold. The rewards are typically paid out in BUSD, but users can choose other BSC-native tokens to receive their rewards.
This represents a personal NFT collection that allows NFT holders to keep track of their assets. As users accumulate these MetaBlaze-native mystical creatures, they automatically appear in the BLAZEVAULT.
The vault helps users to keep track of their creatures’ traits and points to enable them to win the ultimate prize, dubbed the MOB BOSS. This prize is subsequently redeemed for an ultra-exclusive NFT that will be minted on OpenSea and a $4,000 BNB prize.
MetaBlaze also intends to launch its metaverse-focused blockchain network, dubbed the BLAZECHAIN.
The MBLZ Token
MBLZ is the native BEP-20 utility token of the MetaBlaze ecosystem. It is a DeFi/GameFi token built on the Binance Smart Chain (BSC) network. The MetaBlaze team has designed the tokenomics to have a total supply of 420 billion MBLZ based around NFTs and designed for the metaverse.
MBLZ is a deflationary token, and MetaBlaze has plans of reducing a portion of the token’s circulating supply overtime via the burning mechanism.
MetaBlaze is currently holding its pre-sale event. Pre-sale investors will receive a 10% MBLZ token bonus and the opportunity to acquire the limited edition MetaRoyal NFT. The first phase of the token presale is currently live, with over $1.1 million raised out of the project’s $1.5 million goal.