As Bitcoin and Ethereum continue to trade sideways, with BTC holding over $29,000 and ETH struggling at $1,700, a Metaverse Crypto coin called OpenWorld (OPEN) has gained over 46% in the past week and over 11 % in the last 24 hours. OpenWorld was recently added to CoinMarketCap’s Metaverse category, and with a market cap of $2.2 million, it’s currently an underrated, low-cap project worth exploring. Let’s look at OpenWorld and its OPEN token and see why the price is rising.
What is OpenWorld (OPEN)?
Launched in October 2021, OpenWorld (OPEN) is a BEP-20 BNB Smart Chain project describing itself as an open blockchain-enabled metaverse with a circular economy based on real money flow. OpenWorld’s vision is to open a new dimension for users to connect, express themselves and play in the digital realm.
The three pillars of the project include finance with a balanced circular economy, a digital experience with value created with digital interactions, and beautiful visual and sound art.
According to a recent Medium article published on May 24:
“OpenWorld focuses on building a digital world with the combination of 3 aspects: finance, digital experience and art.
It will be an open world for other metaverse projects and will work on technical interoperability: if you buy an NFT yacht somewhere and it is interoperable with our world, you can bring it and relax on its deck.
OpenWorld seeks to create a casual and distinct game, Metaverse focusing on mobile devices and playable on all platforms, supporting multiple blockchains.
While initially starting out as a game-to-win project, OpenWorld transitioned to a Metaverse NFT project focused on the Web3 economy.
It should be noted that OpenWorld recently rebranded from its original Play-to-Earn CryptoWar project to OpenWorld, as the team seeks to reach a wider audience and broaden its vision for its open metaverse.
The project recently released its fourth update, where it covered the developments of its token.
OpenWorld Weekly News #4https://t.co/T5tcozqxFd
– From in-house demo last week to bug fixes and prototype release in June
– New Wiki with a tutorial to get started with OpenWorld
– Launch of the OpenWorld Academy
– Fundraising (seed round) is underway
– $ OPEN is now above $0.04.
— OpenWorld #Metavers (@OpenWorldVision) May 26, 2022
The team is preparing for the release of a prototype of its Metaverse in June and is beginning to develop a Wiki tutorial for OpenWorld. Additionally, the project plans to launch an OpenWorld Academy and is in the process of launching its first fundraiser.
OpenWorld and Tokenomics Awards
OPEN is the main utility asset and native game currency for OpenWorld Metaverse. Players can leverage the digital asset to acquire characters, forge and reforge weapons in the metaverse, and trade NFTs in the marketplace.
OPEN is one of the most underrated low-cap Metaverse crypto coins on the market right now, with a market cap of $2.2 million. Its 24-hour trading volume is relatively low at $77,000, with a circulating supply of 51.6 million tokens.
The token is currently trading on PancakeSwap with total liquidity of around $80,000, $66,000 on the OPEN/BUSD pair and $14,000 on the OPEN/BNB pair.
With a relatively low market cap and an active development team, OpenWorld is worth watching closely in May 2022 if you’re on the hunt for low market cap coins. As the team prepares to present its prototype in June, OPEN could show significant bullish momentum if the cryptocurrency market turns bullish or even if Bitcoin and Ethereum manage to maintain current support and continue trading sideways.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse cryptocurrency.
Read also :
Top 3 Metaverse Crypto Coins Below $0.001 (May 2022)
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