Why metaverse crypto Genesis Worlds (GENESIS) surged 39% today? - Kalkine Media

June 15, 2022 05:29 AM AEST | By Versha Jain
Follow us on Google News:
  • Genesis Worlds (GENESIS) is a multi-creator gaming universe. 
  • GENESIS is an ERC-20 standard token. 
  • In a strategic move, the project owners had recently announced a hiatus.

Metaverse crypto Genesis Worlds (GENESIS) was rising on Tuesday, fighting a meltdown in the global crypto market. The token climbed 38.92% to US$0.003403 at 12:50 pm ET. 

The project owners had recently announced a hiatus. Genesis has been fulfilling its funding needs internally, but the existing market situation has made it tough to generate capital.

Genesis said it is looking for long-term, sustainable funding sources to stay competitive in the metaverse and NFT segments.

Also Read: Why did Cube Network (CUBE) go against the crypto trend? Zooms 48%

It added that it is exploring new funding and partnership opportunities and looking to sell the project. It said its staking, mining, and social channel activities would continue working.

The metaverse segment of the crypto market rose 1.97% to US$9.96 billion on Tuesday, but the trading volume declined 7.66%. The top metaverse token by market cap, Decentraland (MANA), fell 1.21% to US$0.8196, but Theta Network (THETA) rose 5.49% to US$1.14, The Sandbox (SAND) gained 4.11% to US$0.8916, and the Axie Infinity (AXS) rose 7.00% to US$14.27.

What is Genesis Worlds crypto?

Genesis is a multi-creator decentralized gaming universe, as per its whitepaper. The Genesis Foundation guides the governance decisions, but players have voting rights through its token. 

Also Read: Why is VeChain (VET) crypto gaining attention?

The Foundation reinvests the project's revenue into the venture. The Genesis metaverse is created by community members who travel to various virtual worlds to complete their tasks.   

Also Read: Why is Xtra Fund (XTRA) crypto rallying over 110%?

Why metaverse crypto Genesis Worlds (GENESIS) surged 39% today?Data Source: coinmarketcap.com

Also Read: Why is AMM Ellipsis token (EPX) rising?

GENESIS token:

GENESIS is an ERC-20 standard token, the primary building block of Genesis metaverse. 

It has 67.13 million tokens in circulation, with a total supply of 107.95 million. The token’s market cap is roughly US$228,000. It can be traded on the QuickSwap crypto exchange. 

Also Read: Why is Aventus (AVT) crypto gaining attention?

Bottom line:

The crypto market has more than 200 metaverse tokens. The segment was in the positive territory on Tuesday versus a sharp fall in the global crypto market.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Top Listed Companies