Aftermath Islands, a cutting-edge virtual reality platform built using Blockchain technology, has partnered with the DigitalBits Blockchain for minting Doubloons (DUBS), the native utility token and in-game currency of the Aftermath Islands metaverse. Of the 3.5 billion DUBS tokens that will be minted, approximately 1 billion will be reserved for the in-game economy, rewards, incentives, promotional campaigns, and the Lost Kingdom of T’Sara, Aftermath Islands’ free play-to-earn game.
Aftermath Islands consist of theme-based islands, communities, and estates. Users can trade and develop virtual land parcels and a wide range of in-game items and resources as NFTs while interacting with other players and environments and participating in games and other experiences in a highly-immersive and interactive manner.
To power these capabilities, the Aftermath Islands team has chosen DigitalBits’ open-source Blockchain that supports digital assets such as cryptocurrencies, NFTs, and stablecoins. With transaction speeds of up to 10,000 TPS, low-cost transaction execution, and the ancillary services needed to support bleeding-edge Blockchain initiatives, DigitalBits has the underlying capabilities to support the growth and expansion of Aftermath Islands’ many virtual world’s online experiences.
Managing Director of Aftermath Islands David Lucatch commented on the partnership and said: “We believe that DigitalBits has a very progressive and innovative approach to Blockchain and is aligned with Aftermath Islands’ philosophy of inclusiveness and interoperability, which allows us to grow our utility token, DUBS throughout our ecosystem and potentially others over time.”
Al Burgio, Founder of the DigitalBits Blockchain, echoed these sentiments by saying, “It is a pleasure to welcome Aftermath Islands into the DigitalBits ecosystem and NicoSwap. The decision to select DigitalBits to support the Aftermath Islands utility token launch validates the strong opportunity that exists with the growing ecosystem across an array of categories and industries. Aftermath Islands is building an incredible virtual life, gaming, and Metaverse platform, and along with their DUBS token will no doubt contribute to the growing utility of DigitalBits”.
As part of the Aftermath Islands rollout, the platform will develop many new opportunities and experiences involving brands, competitive sports players, and other industry partners within the DigitalBits ecosystem. Alongside these initiatives will be the upcoming release of Lost Kingdom of T’Sara (LKoT), the first play-to-earn (P2E) offering of Aftermath Islands. In LKoT, players can mine resources, NFTs, and utility tokens to complete in-game tasks and missions, which can then be traded or used in other platform-compatible games and experiences.
Aftermath Islands recently secured $25 million in funding from LDA Capital, a global investment group, after acquiring the assets and IP of the Meta Hero Project, which will help create an extensive catalog of in-game assets and NFTs that players can then trade within Aftermath Islands’ virtual experiences.
Led by a pioneering group of tech entrepreneurs, designers, developers, and storytellers, Aftermath Islands is perfectly positioned to redefine virtual and Metaverse experiences for players all around the world by bringing new, entertaining, and value-generating experiences and opportunities across the gaming, entertainment, collaboration, identity management, online retail, and related verticals.
Learn about the Aftermath Islands virtual world here, and read about how the project is disrupting Metaverse development in the project’s light paper.
Source: https://www.cryptonewsz.com/aftermath-islands-partners-with-digitalbits-to-mint-dubs-utility-token/