All about Neopets Metaverse, its launch date and digital assets

August 23, 2022 09:12 PM PDT | By Ankit Sethi

Neopets metaverse

The company was already into gaming for many years before adding blockchain features to its products. It is being said that its metaverse, which will also have digital assets, will be free, with elements of ‘play-to-earn’. The key feature of the metaverse game of Neopets will be virtual pets, which users can engage with.

It is also stated in the litepaper that Neopets’ metaverse will enable the customisation of virtual pets by the use of wearables and other accessories. Terms “community-driven” and “Web3” are being used by Neopets to suggest that governance aspects of the game will be in the hands of users.

Neopets tokens and NFT

The litepaper on the website mentions two tokens -- NeoPoints Meta (NPM), and Codestone Meta (CSM). It is stated that the NPM token would be tradable on exchanges, while the CSM token will act as the in-game currency. NPM can be used to stake and earn voting power. The CSM token can be earned as a reward for activities and tasks performed within the game.

The Neopets metaverse project claims to have multiple types of assets for users. Aside from the NPM token, there are items like wearables and battle equipment, and digital real estate in the form of NFTs. The real estate is called LANDS. These are set to compete with NFTs of other comparable games like Decentraland (MANA), and Axie Infinity (AXS).

Market cap in USD in billions

Data provided by CoinMarketCap.com

Also read: Amid GameStop & LimeWire platforms’ launch, a look at top NFT artists

Neopets Metaverse Alpha

The latest announcement made by the company is about Neopets Metaverse Alpha, which will have 3 mini-games and a chance for users to earn the NPM token and other rewards in the form of NFTs. The official website mentions that the beta version of the game will be launched in 2023.

Bottom line

Neopets Metaverse has only recently entered into the metaverse gaming space, which already has major players like Axie Infinity (AXS). Neopets has a user base that predates the world of blockchain gaming and digital tokens. How these users react to Neopets’ new blockchain version and linked NFT assets is yet to be seen.

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