GensoKishi Metaverse (MV) is a cryptocurrency that powers the blockchain-based play-to-earn game, GensoKishi Online, which is a reincarnation of the popular MMORPG game, Elemental Knights. It combines web3, RPG, and metaverse elements, allowing users to create, buy, and sell unique digital assets as NFTs, while also enabling participation in the game's governance through the MV token.
GensoKishi Metaverse operates on the Polygon (MATIC) blockchain, utilising ERC-20 token standards for its MV and ROND tokens. The platform employs advanced smart contracts for transactions, aiming for interoperability between different metaverse platforms. It uses a hybrid consensus mechanism (with specific details not provided) to balance network integrity and transaction speeds.
Potential use cases for GensoKishi Metaverse include:
GensoKishi Metaverse was founded by Maxi Kuan, integrating blockchain into the MMORPG Elemental Knights, which has a history of 13 years and 8 million downloads. Initial developments included holding an NFT auction in 2022 and forging partnerships with various gaming guilds. The game has expanded through technological enhancements and interoperability to improve user engagement and asset monetisation opportunities.