Utility & Purpose
Token Utility
The Ethereum Towers Metaverse platform aims to offer a plethora of exciting features, each driven by the native token ($TWR):
ATTENTION: The mechanics listed below are subject to change, and there is no guarantee of their implementation upon the MVP launch. Instead, they are planned to be researched in 2024 and beyond.
PLEASE READ: If implemented, these mechanics will only be available if in compliance with local regulations and guidelines set forth by the U.S. Securities and Exchange Commission (SEC). All parties must adhere to applicable laws and SEC regulations governing such mechanics.
Collectibles (NFTs)
Collectible items will be much more unique and desirable than standard catalog items, which will be available to all Apartment owners. In contrast to standard catalog items, Collectibles will be tokenized as NFTs on the Polygon blockchain and will represent either a single item or a bundle of items.
Apartments & Future Land (NFTs)
Certain Apartment NFTs will be available at an exclusive rate using the native token. Additionally, future expansions of virtual structures and land will be also powered by the native token.
Club System
The future Club System will enable individuals to create invite-only Clubs and onboard other users, forming an exclusive sub-community. Virtual Apartment spaces will have the option to be accessible at Club-level only, creating a dedicated platform for members to gather in one shared location.
Apartment Rental System
The future Apartment Rental System will provide a lower barrier of entry for non-residents enabling them to participate in the environment as if they were an existing Apartment owner. The 'rental economy' will be exclusively powered by the native token.
Hosting System
The future Apartment Hosting System will provide an opportunity to Apartment owners to create premium experiences within their unique space. The fees to access these experiences will be exclusively powered by the native token.
Sponsorship & Advertising
Commercial sponsorships and advertisements will be available throughout the Ethereum Towers and Ethereum Worlds Metaverse using the native utility token. A portion of fees generated through these sponsorship and advertising opportunities will be dedicated to the maintenance and growth of the wider ecosystem.
Governance
Limited governance will be a feature in the Ethereum Worlds ecosystem which will enable community members to vote and execute important community and project-related decisions that will impact the growing ecosystem. When required, execution of these community decisions will come with the added support of the Ethereum Worlds team.
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