Web3 Inu Introduces System to Rent, Buy, Sell and Upgrade Businesses in an Innovative MetaVerse
London, England--(Newsfile Corp. - January 12, 2022) - Web3 Inu team is pleased to announce its innovative concept of Rent-To-Earn Gaming. Web3 Inu is based in Web 3.0 and uses a Rent-to-Earn token concept, interacting in two layers: on-chain and off-chain.
Web3 Inu aims to provide users with the advantage of the innovative metaverse of Web3 Inu, where one can rent, buy, sell, and upgrade businesses that are based in the real world.
About Web3 Inu
Web3 Inu is based in Web 3.0, the decentralized version of the World Wide Web where no central authority is present. The Web3 Inu metaverse presents the innovative concept of Rent-To-Earn gaming.
The Web3 Inu game is not a regular monster-killing game but actually involves building and upgrading Businesses that are in the form of non-fungible tokens or NFTs. The developers are constantly working on the game to introduce enhancements.
The governance token of the entire Web3 Inu metaverse is the $WEB3 token, which is based on Binance Smart Chain for Phase 1. However, the token will launch Ethereum, Matic chain on Phase 3, Cross-Chain Bridge.
Figure 1: Web3 Inu Introduces System To Rent, Buy, Sell and Upgrade Businesses In An Innovative MetaVerse
Web3 Inu Features
The Web3 Inu game follows a different approach to blockchain-based gaming via the Rent-to-Earn concept of gaming. There are two economies; on-chain and off-chain economies, which are eventually merged with each other.
The game involves the usage of NFTs, which the on-chain users can buy and rent. Buying a business is equivalent to minting an NFT in the game. There are two kinds of NFTs or businesses that users can buy:
- Special and iconic locations are those kinds of NFTs that are pre-minted and available for purchase. Purchasing these NFTs generates $WEB3 tokens.
- Ownership certificates are those NFTs that are minted on the request from users, and only selected users can own them. These owners are the ones to decide how these NFTs can be used in the Web3 Inu metaverse.
"The offer of NFTs available is going to be controlled by WEB3 Central Bank, during periods of time called Seasons," added the whitepaper.
The player's earnings will be decided by the tier of the NFT they own at the end of a season. However, it is also to be noted that if players have rented the NFT (Business) to an off-chain player, they will be eligible for higher rewards.
Currently, the off-chain Economy consists of four actions: buy, sell, rent, and upgrade.
Buying of Businesses is the same as minting NFTs, which the WEB3 Central Bank will control, as explained above.
Players can sell any number of NFTs via in-game auction or via secondary marketplace like Binance NFT marketplace or the Web3 Inu marketplace.
The on-chain players can mint and rent their businesses to the off-chain players, which will help them earn higher yields.
"This activity will not impair the Off-chain players' economy or their actions throughout the game," confirms the Web3 Inu team.
The renting conditions are all set by the NFT owners via smart contracts on a public board. Owners can select the duration of the renting period, the initial/current purchase payment, and finally, the percentages of incomes for the renter and the lessor in terms of soft currency/cash.
When players enter the game, they will be given a Branch for free through which they can rent Businesses based on the amount of money and XP users have. Their task is to expand and upgrade their Business to more Branches to achieve higher rewards.
With every upgrade, players will be eligible for higher rewards and will get access to an increased number of Branches and tiers. Furthermore, they can also speed up the upgrade process by watching ads or using gold.
There are 100 trillion $WEB3 tokens that are deflationary in nature as each transaction burns an additional 0.55% of the transaction volume. 55% of the supply burn took place while listing on PancakeSwap, a Decentralized Exchange.
The Web3 Inu project introduces its users to the concept of Rent-to-Earn gaming, where users can rent their NFTs (Businesses) and generate revenue. The game is expected to be released sometime in February-March 2022 but might come earlier.
Web3 Inu is also gunning for a listing on GateIO, Kucoin, Hotbit, MEXC Global, Huobi, Binance, OKex, Bybit, and FTX in the next 6 months.
Liquidity Lock: https://app.unicrypt.network/amm/pancake-v2/pair/0x387795afeac4d5d8b4ff6003d3d2a874340f7652
Company Name: Web3 Inu
Contact Name: Oliver
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109864