Economy

Token Use Case

Utility

GoArt token is a utility token used as a currency for all transactions and interactions made on the GoArt ecosystem. It is an ERC-20 token built on the Polygon blockchain. It will be used across the ecosystem by gamers, developers and publishers, and thereby allowing for Creators and users to exchange ASSETS and Games and to build a user-based platform of rewards while developing an ecosystem where Creators and Community will share a number of truly unique gaming experiences.
User-generated digital ASSETS are represented as ERC-1155 tokens. To ensure the everlasting scarcity and verifiable scarcity of non-fungible items, we use the ERC-1155 token standard. This standard allows a smart contract to track token-ownership at the individual token level:
each item has a unique identifier, and
optionally, unique properties stored as metadata
GoArt specific token use cases include the following:
  • Buying items for characters to recover more Energy or claim bigger prizes
  • Buying lands for brands
  • Buying accessory items for lands
  • Trading NFT assets
  • Buying real life retail products
Governance
Ultimately, as it should be the case with all legitimate metaverse projects, GoArt Metaverse is intended to be a community-driven project. Thus, a governance portal will be provided in the near future to include all the ecosystem stakeholders to shape the future of the platform.
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