Road Map Update — Part 1
As we have so much planned for Spring and Summer ’22, we thought it was an opportune time to talk you through some of the highlights of our roadmap as well as their estimated delivery. This is so you can understand what we’ve achieved so far and what to look forward to prior to the deployment of our Metaverse MVP later this year.
Please note that we are undertaking agile project management and it is quite a unique step to give such detail of the technical and non-technical aspects of our project, but this is something we feel important to do for transparency and confidence in our project.
Prototype Production — In-progress
The delivery of the Ethereum Worlds Metaverse prototype, establishing Proof of Concept (PoC) direction. The prototype will feature pre-alpha, limited features (both technical and visual) and focus on server stress testing, database verification system, basic apartment customization mechanics and navigation. This process is a necessary step on the development journey as it gives us a chance to experience the look and feel of the apartments at a rudimental level while understanding the impacts of certain actions that take place in-world. This is the equivalent to planning, the creation of blueprints, and 3D CAD modelling of real world structures.
Utility Token — Q3
In order to carry out transactions in Ethereum Worlds, such as purchasing accessories for apartment customization, we needed our own in-world currency. This will be in the form of a native utility token and will use the ticker $TWR. It will be a ERC-20 token and is designed solely for use in the Ethereum Worlds’ ecosystem. Apartment owners will have direct access to a portion of the token supply upon launch. A custom marketplace is also in development to reduce friction when making purchases of furniture and accessories for your apartment. Mechanics of this will be shared in a future update.
Apartment & Token Staking — Q3
One of the many benefits of owning Ethereum Towers NFTs and $TWR tokens will be that you can stake your assets (lock up) for a period of time which will earn you staking rewards (tokens). There will be two staking platforms; one for staking your apartments (ERC-721), and one for staking your tokens (ERC-20).
These staking pools are designed to provide in-world liquidity so that when you gain access to your apartment on the release of the MVP, you will have enough $TWR to accessorize and decorate your new virtual residence. Staking of these assets also helps to balance the liquidity of the project.
In addition, it is our intention to continue to reward loyalty by providing long-term holders with additional benefits. We have recently announced a further initiative where a series of snapshots will be taken of Apartment NFT holders on the lead up to the token launch. More snapshot details located here:
Road Map Update — Part 2 (Coming Soon)
Please stay tuned for the second half of our roadmap update in a future Medium post. This will be covering Closed Beta Cycle, Marketplace MVP and the MVP launch.
Subscribe to our Medium channel, and follow us on @ethereumtowers on all of the socials for more information.
This roadmap is for informational purposes only and may not be incorporated into any contract. This should not be relied solely upon in making purchasing decisions. The development & release of remains at the sole discretion of the Ethereum Worlds team.