Reports have confirmed that Sin City, one of the top leading virtual reality “metaverse” projects, has successfully unleashed a new collection of business license non-fungible tokens (NFTs).
The recent development appears at a time when many people across the globe accelerate efforts to acquire the virtual realm. In the new realm referred to as the metaverse, the digital and physical worlds merge in reality. Interestingly, many people have already developed non-fungible tokens, which act as an appreciation store of value in the metaverse.
In the past few years, not many people expected that digital assets would revolutionize careers, entertainment, and business, finally integrating the entire world into the metaverse. But interestingly, considering the metaverse as an independent virtual economy, new businesses like Sin City can open to serve the rapidly growing digital population.
In that context, physical businesses could soon begin making progress to integrate their asset into the virtual world. Nonetheless, many businesses opportunities lack a defined path to start.
According to Forbes, Sin City is one of the top projects in the virtual world. Sin City, also known as SinVerse, is renowned for hosting a play-to-earn game known as the GTA (Grand Theft Auto).
The multi-player game enables gamers to build clubs for their friends to hang out, venues for online events, and complete underworld activities to win in-game rewards. Moreover, the social gameplay has a standard ecosystem of the metaverse project.
SinVerse has reached another milestone with its upcoming highly anticipated debut of business license NFTs set to take place on April 10, 2022. This debut will demonstrate an initial step for businesses and aspiring entrepreneurs to establish their global empires in the metaverse.
Sin City (SinVerse) Foundation Explained
The SinVerse project features several components lifted from the native 3D action-thriller game. Although the popular game resembles the most controversial violent crime in global cities, inspiration lies in its violence and gore. The game presents the journey for each player to become the ultimate kingpin and build an empire.
In a Sin City metaverse twist, SinVerse features undeveloped digital real estate with 15,000 parcels of land. In this case, participants can purchase one parcel of land in the city and develop it using a software development kit (SDK) provided in the virtual development arena.
The success acquired in land development and sales will allow participants to showcase the power of newly launched non-fungible tokens in the virtual world. The newly launched NFT, costing 5,000 SIN tokens each, will allow players to create businesses, including casinos, coffee shops, brothels, and gun shops, among others.
SinVerse is now a base platform for other entities to host projects inside the greater metaverse or omniverse. In this regard, physical businesses may consider additional opportunities as a partner.
SinVerse Future Expectation
Although the official SinVerse platform launched in October 2021, the metaverse project has already attracted over 25,000 holders. The project reported success in a recent sale, trading 4 out of 17 districts at $3.5 million.
These remarkable statistics attracted integrations from notable firms, including Magnus Capital, Maven Capital, Twin Apex Capital, AU21 capital, and a partnership with Vulcan Forged.
The joint team has positioned SinVerse to flourish for the rest of its 2022 goals, including launching a staking platform and tier 1 central exchange ahead of the full SinVerse launch.
