Is The Metaverse Back? Solana Token for VR Game Explodes
Mark Zuckerberg observes the resurgence of interest in the metaverse following the launch of Verse World's token on Solana's Pump.fun, which initially reached a $112.8 million market cap before dropping to $54 million. The token's distribution includes 45% for community rewards, 15% for the team and advisors, and 14% for the treasury, with a five-year unlock schedule for community tokens. Despite declining metaverse hype since 2021, Verse World gained attention through influencer promotions and aims to be a leading hyper-realistic VR metaverse. Previous NFT collections have seen significant value drops, and community engagement has waned. The token launch aligns with the trend of creating crypto tokens for project funding, although some skepticism exists regarding their legitimacy. An in-game campaign encourages player participation as market interest develops.
