The evolution of the internet into Web 3.0 or the ‘Metaverse’ is giving users the opportunity to make money while playing video games. This opportunity aims to transform the internet into an alternate reality revolving around playful interactions, decentralisation and economic prospects.
Driving the economy of Web 3.0 are Sponge V2, Decentraland and Floki, each presenting Play-to-Earn (P2E) experiences. Users participate in these experiences to earn cryptocurrencies that can be spent within blockchain marketplaces.
Floki (FLOKI) emerged in 2021 following Elon Musk’s adoption of a Shiba Inu puppy named Floki. This adorable pup is now the face of the FLOKI meme coin. Among the plethora of doge-themed meme coins, FLOKI stands out as one of the pioneers designed for extensive adoption.
Dubbed ‘The People’s Coin,’ FLOKI employs a Proof-of-Stake mechanism, delivering faster transactions and reduced costs compared to Dogecoin. FLOKI has unveiled four flagship utility projects aimed at constructing a metaverse ecosystem, fostering both entertainment and community empowerment. Two of these projects involve crafting an NFT gaming metaverse named Valhalla and establishing an NFT marketplace.
Valhalla represents a play-to-earn (P2E) game fuelled by the FLOKI token. Players engage in battles on an island set in the medieval Viking era.
Accumulated FLOKI tokens can be utilised within the NFT marketplace, offering a variety of items for purchase, including assets to personalise your digital avatar.
For those uninterested in Viking lore or Doge memes, Decentraland offers a compelling option operating on the PoS mechanism and running on the Ethereum blockchain. It serves as a virtual reality platform empowering users to craft, profit from and engage with diverse content.
Decentraland’s key feature lies in allowing users to purchase virtual land plots using MANA, the token powering the Decentraland platform. Once acquired, these plots can be developed and traded. While FLOKI leans towards fantasy-driven action in its play-to-earn game, MANA focuses on a more realistic aspect, centring around the concept of real estate within the metaverse.
Sponge (SPONGE) has surged by 4,000% since its May 2023 inception. Now returning as the v2 token, SPONGE aims to set new benchmarks by embracing its Play-to-Earn (P2E) potential, aligning itself with other prominent P2E projects like Decentraland and Floki.
In a meme coin market dominated by Doge-centric meme coins, SPONGE stands out as an alternative, currently valued 70% higher than PEPE, another non-Doge meme coin that gained traction post-launch in April 2023.
What differentiates SPONGE is its trajectory. Unlike several alt-coins that commence with a presale phase, SPONGE bypassed this step entirely, opting for a direct launch on Uniswap. This strategic move, coupled with Uniswap’s robust infrastructure, propelled SPONGE over 320% within 12 hours, affirming its immediate value in the market.
Trading consistently above $0.0003, SPONGE boasts a substantial community, with over 11,000 token holders and a social following exceeding 30,000. Notably, SPONGE’s trading volume exceeds $135,000, with over $1.6 million worth of SPONGE staked to bridge to the new v2 token, reflecting strong community participation and anticipation.
SPONGE’s introduction of the v2 token primarily aims to leverage its P2E potential, mirroring similar initiatives seen in Decentraland and Floki. While Decentraland focuses on virtual real estate and Floki unveils a fantasy-driven P2E game, SPONGE plans to immerse gamers in the world of Bikini Bottom.
This new crypto game, powered by SPONGE v2 tokens, enables players to race as Spongebob and friends, fostering a P2E ecosystem similar to the gaming metaverse in Valhalla (Floki’s initiative).
SPONGE operates as an Ethereum-based coin utilising the PoS mechanism, dedicating over 51% of its SPONGEV2 token supply to staking and P2E rewards.
It creatively blends meme culture with crypto innovation, striving to capture the attention of a diverse audience seeking engaging P2E experiences within the crypto space.
As the concept of the metaverse looms closer, various cryptocurrencies are battling for prominence, aiming to imprint their creativity within this emerging digital space. The unpredictable nature of meme coins is evident, with DOGE and PEPE striving to reach their previous peaks.
Sponge V2 seeks to position itself as a potential frontrunner among meme coins, envisioning an avenue into the metaverse that could serve its community’s interests.
Sponge V2’s goal as laid out in its Whitepaper, is to establish an interactive and engaging corner within the metaverse, offering economic opportunities that contrast with conventional, centralised spaces. It aims to attract users by providing a more enjoyable and diverse experience than those mundane sectors lacking in memes and facing technical shortcomings.
To buy Sponge V2, users can visit the official website and purchase the token with the following options – ETH, USDT or Card.