What is Metapets (METAPETS) crypto? All you need to know

Highlights

• MetaPets (METAPETS) started in November 2021 with a vision to bring in love and companionship to the metaverse through pets.
• METAPETS is its governance and utility token built on Binance smart chain as a BEP-20 token. 
• The token will list on the Hotbit exchange this week on March 31. 

MetaPets (METAPETS) appears to be gaining the attention of investors ahead of the token’s listing on March 31 on the Hotbit exchange. Currently, it is available on PancakeSwap (V2) and LATOKEN crypto exchanges.

With nearly 200 tokens in the metaverse category, the segment had a market capitalization of US$35.68 billion as of March 28, at 3:30 am ET. Metaverse growth is giving rise to creating things the same as in real life in the virtual world—for example, land, commercial space, houses, and pets.   

Amid the dog-themed popular meme tokens Dogecoin (DOGE), Shiba Inu (SHIB), ShibaDoge (SHIBDOGE), and Dogelon Mars (ELON), Metapets is catching eyeballs lately. However, this is not a dog-themed token but focused on pets. 

What is Metapets (METAPETS)?

Metapets started in November 2021 with a vision to bring in love and companionship to the metaverse in a personalized way through pets where people might feel lonely.

Some people love pets but are sometimes allergic and can’t own them in real life. Hence, the platform allows them to hold the pet, made into a non-fungible token (NFT), where they can customize them in terms of colours, size, furs etc. and keep their friends with them forever without fear of losing them.

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Metapets is focused on making the pets adaptable to the virtual designs of the metaverse as well as interoperable into other metaverses. Users can also show them in the dog show, participate in the horse race competition while simultaneously earning a passive income from MetaPets investments.

The project is inspired by the relationship of pet owners with their pets in real life and the need for a pet, and the hardships from their loss. So, to overcome the difficult time of sadness, the pets in the metaverse will always be there with their owners when one feels lonely, sad, tired, or wants to be together.

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The project aims to remain interoperable and open, which means the owners will be able to use their MetaPets in different games and metaverse without needing permission. 

The project plans to launch prize fund games for the community on Telegram, Discord and MetaPets App games. According to the official website, its play-to-earn Metaverse game, named The Peta Verse, is currently under development. 

According to the roadmap, in Q2, 2022, the project will be engaged in preparation for the Ethereum bridge, release NFTs, develop games, have a reflection tracker. 

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Data Source: coinmarketcap.com

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METAPETS token details:

The METAPETS token is a governance and utility token for its ecosystem. It is built on Binance smart chain as a BEP-20 token. 

MetaPets (METAPETS) is up 3.23% at US$0.00000000002032 at 2:45 am ET, Monday. 

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Its 24 hours volume also increased 8.15% to US$1.39 million.

The circulating supply is 51,587,381.17 billion METAPETS, and the total supply is 98,696,589 billion. The token has a market capitalization of US$10.48 million.

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Bottom line

The project team believes that the metaverse will fundamentally change the way people use technology to interact, and there will be more lifelike interactions in future instead of cartoonish avatars. So, MetaPets aims to be the first digitized virtual pets’ provider in the metaverse.

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