Entropia Universe, RMT MMO, introduces NFT collaboration with Enjin

by · July 17, 2022

The Entropy Universe, the virtual 3D web-based environments that undoubtedly solidified what a real-money transaction economy can look like, has just announced a partnership with the popular NFT platform Enjin. The move diversifies the ways that Entropy will manage their real money ecosystem.

The Entropy Universe The developer MindArk has long been known for the way they have handled digital ownership and their real money finances. In fact, there are many out there who did it that way Entropy in itself was a good example that blockchain was not necessary to make NFT possible. While that statement may be true, according to MindArk’s latest blog, the team has been able to notice some benefits and advantages of blockchain integration, at least in parts of their business. This is also not the first time MindArk has jumped into the blockchain area, claiming their DeepToken currency back in 2018, and refunding those who participated in the ICO not long after the sale went live. They have also recently introduced a new method of depositing cryptocurrency through Equipment.

However, the reach of metaverse applications and play-to-earn (which quickly turns into play and earn) has influenced MindArk to branch out into new audiences:

“MindArk’s management team has stated that many of the recent game-related announcements in the blockchain area have many similarities to the experience that Entropia Universe has offered for almost two decades, and therefore large-scale integration of such technologies would not add significant value. to the virtual universe experience.

However, there are opportunities for targeted partnerships and system integrations that can extend the reach of the Entropia Universe to new audiences, especially enthusiasts of “metaverse” and “play-to-earn” concepts that have received a lot of media attention recently. As such, MindArk has partnered with Enjin to release five unique eggs as NFTs (non-fungible tokens) on the ERC-20 Ethereum network via the beta launch of their new project, NFT.io.”

-MindArk, Entropia Universe article

The new NFTs, known as Eggs of Entropy will have more benefits for those who receive them. By owning an egg you get:

  • An opportunity to become an Entropia Universe Affiliate
  • Earn 10% reward for any Entropia Universe Avatar account recruited by the egg holder
  • Eggs are associated with on the Entropia Universe Planet and recruits of the said holder will spawn on the associated planet
  • Eggs will hatch into unique virtual companions for the NFT holder
  • Additional rewards opportunities for NFT holders

Entropy confirms that any NFT they publish will be built on one basic principle, it must be useful. Due to this inherent requirement, Entropy intends to discourage speculation and investors from trying to bid on these eggs, as they are going to auction in August. The team is also focusing on the release of Enjin’s new Efinity blockchain, which is being built specifically for digital assets such as NFT games. As a Polkadot pair chain, NFTs and transfer fees will be minimal compared to current transactions running on Ethereum. It will also provide additional transactions per second compared to Ethereum’s abysmal 15.

Whether MindArk will continue down the blockchain rabbit hole or whether this collaboration will simply be a one-time attempt, it will probably come down to how popular the release of Eggs of Entropia is during the auction. With an exceptionally volatile crypto market that has left many tokens in free fall, it’s hard to say at this point how popular this collection will be when August rolls around. We keep an eye out for more information when the auction goes live.

[Full Disclosure: Steven owns less than 50 Enjin Coin and less than 2 Ethereum]

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