The Mplaza group needed to transform the metaverse by pursuing decentralization of web-based entertainment and online commerce.

3 min readMay 4, 2022

Introduction

Due to numerous issues like fraud, hacks, and government rejection, the crypto industry has endured a bear market in recent years, and the degree of confidence in the industry has substantially decreased. However, the year 2020 marked a turning point in the growth of cryptocurrencies, as many individuals began to believe in and learn about cryptocurrency and blockchain. All of this can’t be isolated from the excellent people who have begun to speak out about the benefits of cryptocurrency and how it may help the current financial system. Elon Musk and Ken Crypto are key figures in the crypto market’s development. As the world continues to embrace the emergence of new technologies, meme coins have also grabbed mainstream attention globally, with a strong fan base. If you’re a nerd in the crypto world, think of the Metaverse and NFTs as the latest popular word in the crypto space. Some head Metaverse coins like Sandbox3SAND, ApeCoin1APE, Decentraland2MANA, and others have reached number 30 in the coin market capitalization rankings. With how surprisingly these coins prospered among others, more metaverse coins were introduced into the bull session, which included the Mplaza Token, which I will be introducing to you all today.

A Review Mplaza

Even though it is still in the research phase, Metaverses are the next technical revolution to brace the digital world, and they cut across gaming, social media, and non-fungible tokens. The rate of development in each area continues to accelerate, and some areas of the metaverse are woefully underdeveloped. Mplaza’s Metaverse is the only current decentralized NFT Metaverse project with a potential future at the time of this writing. Mplaza’s core team is working to merge all of Metaverse’s philosophies, such as gaming, NFT Avatar, Shopping, Event Hall, and other features, to name a few, into a cryptocurrency-based environment. The core team has chosen space as the theme for their project. This is intended to pique our curiosity, desire for discovery, and adventure prowess. $MPLAZA is the MPLAZA ecosystem’s native coin, and it will be used as a medium of exchange within the MPLAZA Metaverse. It would be used to sell, purchase, trade, and improve in-game assets, among other things. The $MPLAZA asset would also be used to gain access to other aspects of the Metaverse ecosystem, such as games, virtual concerts, media, entertainment, modes of travel in Metaverse worlds, mining or sourcing for in-game materials, payments to other players for their services, and social experiences and programs.

Mplaza Metverse and NFTs

Mplaza includes several features, including shops, Event Halls, NFT Avatars, NFT Galleries, Networking, Interoperable platforms, and the option to create your own games, as mentioned above. Examine the image below for additional in-depth information.

Mplaza Roadmap

The Mplaza’s roadmap is quite detailed and well-written. If necessary, this roadmap may be modified in the near future. But for the time being, have a look at what the Mplaza’s core team is up to.