Aftermath Islands, one of the fastest-growing blockchain-based gaming ecosystems, has announced that it will mint its native utility token Doubloons (DUBS) on the open-source blockchain network DigitalBits.
DUBS, an in-game currency for the Aftermath Islands ecosystem, will also go live on NicoSwap, a decentralised exchange (DEX) protocol on the DigitalBits blockchain. The token’s listing on the exchange is expected to add value to the Aftermath Islands’ virtual offering and benefit customers within its gaming and metaverse space.
1 billion DUBS tokens for rewards
Aftermath Islands Metaverse Limited plans to mint 3.5 billion DUBS tokens, with about 1 billion of these earmarked for distribution within the free play-to-earn (P2E) game Lost Kingdom of T’Sara. According to the platform, the tokens will be for in-game rewards and incentives, and also to facilitate the ecosystem’s marketing activities.
DUBS’ addition to the decentralised exchange NicoSwap is scheduled for Q3, 2022 and will introduce a liquidity pool and Automated Market Making opportunities for users.
Commenting on the mint and the overall experiences the Aftermath Islands is readying for its community, David Lucatch, Managing Director, said:
Built with Unreal Engine 5 and using the latest technology that supports pixel streaming, Aftermath Islands will offer realistic graphics and user experiences throughout its multi-island landscape. Players, brands, educators, and other groups will be able to work, play, game, entertain, learn, socialize, and build in a true online experience where everyone is a real person promoting safety and fair gameplay. The power, flexibility, and established brands already on the DigitalBits blockchain is one of the key reasons that Aftermath Islands chose their blockchain for our utility token.”
Aftermath Islands just scored a huge investment
The details of DUBS token mint, shared with Invezz today, were made public at the Monaco Crypto Summit, and comes hot on the heels of headline news for the virtual reality platform.
Earlier this week, Aftermath Islands announced a $25 million funding round led by global investment firm LDA Capital, and followed that with the acquisition of Meta Hero Project, with the latter adding tradable in-game items and non-fungible tokens (NFTs).
The key developments also come just a few months following Aftermath Islands’ snapping of soccer legend David Beckham as its spokesperson, as well as inking a sponsorship deal with FC Roma.
The Aftermath Islands team, led by top tech entrepreneurs, developers and designers, is making giant strides in advancing Web3 gaming and the metaverse industry. The team has worked with household names such as Marvel, DC Comics, Paramount, and Warner Bros, among other global brands and institutions.
The post Aftermath Islands to mint native DUBS token on DigitalBits blockchain appeared first on Invezz.
