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Home»ADOPTION NEWS»The Minecraft-based cryptocurrency project NFT Worlds charts is back with a node sale and rebrand.
ADOPTION NEWS

The Minecraft-based cryptocurrency project NFT Worlds charts is back with a node sale and rebrand.

By Crypto FlexsMarch 2, 20243 Mins Read
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The Minecraft-based cryptocurrency project NFT Worlds charts is back with a node sale and rebrand.
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Minecraft’s ban on non-fungible tokens has killed NFT Worlds, a project that relies on the implicit approval of Microsoft-owned games. Now the project team is looking forward to a fresh start.

NFT Worlds, rebranded as Hychain Games, developer of cryptocurrency video game Hytopia, is starting to sell nodes on Hychain, the game’s layer 2 blockchain. The company said HiChain is based on Arbitrum’s Orbit technology.

Free-to-play Hytopia, which appears to be heavily inspired by Minecraft, plans to release an “invitation-only” beta version of the game by the end of the first quarter, according to a statement. Hytopia’s beta version has more than 1 million pre-registered players, the statement said. “Hytopia was born from a vision to transform the Minecraft experience with blockchain technology,” Hychain Games said in a statement. “Compared to Minecraft, Hytopia leverages web3 features to introduce a player-centric economy and real ownership of in-game assets.”

The NFT world was turned upside down in the summer of 2022 when Swedish Minecraft developer Mojang Studios banned NFT integrations. NFT Worlds used Minecraft’s source code as the basis for an NFT-based metaverse. At one point, NFT Worlds’ non-fungible tokens generated tens of millions of dollars in trading revenue, according to reports.

Hitopia

Check out Hitopia. Image: Hichain homepage.

Earn Rewards

Hytopia developers hope that the sale of Hychain nodes will be “an invitation to the global gaming community to be rewarded for helping to ensure the operation and security of the Hytopia native network.”

“We are giving back to the community and encouraging participation in network security,” ArkDev, the pseudonymous co-founder of Hytopia and Hychain, said in a statement. “By decentralizing our network operations, we are handing the keys over to the community and empowering them to shape the future of gaming.”

Highchain Games also said that the node sale will take place in five phases, with the first four phases being “accessible exclusively to whitelisted members.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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