Metaverse.Network is a blockchain designed exclusively to support metaverse projects and decentralized applications (dApps). With WASM and Ethereum compatibility, the platform offers a convenient option for gaming and dApp developers to deploy their smart contracts efficiently.
Metaverse.Network Pioneer is live as a parachain on the Kusama network, the canary network to Polkadot. It is a blockchain network of the Bit.Country application framework. On Kusama, NEER functions as the native token of Metaverse.Network.
Bit.Country and Metaverse.Network can be used by non-technical users with no coding experience to launch their own metaverses. The Bit.Country API can be used for the rapid development and deployment of blockchain-based games and other dApps using smart contracts on the Metaverse.Network.
The NEER crypto serves as the native currency of the Metaverse.Network ecosystem on the Kusama network. It can be used for purchasing virtual assets such as subdividable land blocks, paying transaction fees, executing smart contracts, playing the games created, and staking.
Bit.Country Metaverse Network Pioneer is an application framework and blockchain for Kusama. The pioneering network is Kusama’s sister and canary platform, while its equivalent for the Polkadot network is Bit.Country Metaverse Network.
Metaverse.Network aims to provide a decentralized metaverse experience to developers. The blockchain, which exists as a parachain on both Polkadot and Kusama ecosystems, can support smart contracts written in Solidity and ink! programming languages. In addition, the small gas fee it charges also gives it a distinct advantage over Ethereum, which suffers from high gas fees and network congestion issues.
Metaverse.Network offers low gas fees, high transaction speeds, and decentralized governance. In addition, the Bit.Country app also provides inbuilt security, framework, and other APIs to save time and launch various games, metaverse projects, and other dApps on the Metaverse.Network blockchain.
Metaverse.Network Pioneer (NEER) is the native token of the blockchain smart contract infrastructure project’s parachain operating on Polkadot’s canary network Kusama. The platform allows developers to test their gaming and metaverse projects before deploying them on Polkadot.
The history of Bit.Country and Metaverse.Network Pioneer dates back to January 2018, when its team of cofounders acquired the domain Bit.Country while in attendance at the blockchain conference in San Francisco. In 2019, the developers started working on a Web3 platform with convenient economics and governance functions for user-created metaverses.
The team behind the project was officially formed in March 2021, and the development of Bit.Country and Metaverse.Network started in September 2021. The project’s developers raised $4 million in funding during their first fundraising round.
Prominent investors in Metaverse.Network Pioneer and Bit.Country include Hypersphere Ventures, Animoca Brands, DFG, and Walsh Wealth Ventures. Since then, the project has participated in several leading incubators, including Berkeley Blockchain Xcelerator and Creative Destruction Lab.
The Bit.Country and Metaverse.Network blockchain ecosystem has also been a recipient of the Web3 Foundation Open Grant. The team is also a member of the Substrate Builders Program on the Polkadot ecosystem.
Metaverse.Network Pioneer token could be an interesting investment as you diversify your portfolio. As a blockchain network exclusively supporting metaverse and gaming dApps, its adoption could increase in the future, taking the NEER to USD price higher in turn.
The rising adoption of its network and the Bit.Country application framework to develop efficient dApps could help the Metaverse.Network Pioneer price and market capitalization register an uptrend. In addition, rising demand for crypto projects in the metaverse, blockchain gaming, and related sectors could also drive up the appeal of tokens associated with these categories, supporting the NEER price statistics.
The price of Metaverse.Network Pioneer token could also climb higher as the sentiment in the market towards digital assets improves. An increased risk-on mood in the markets encourages buying activity across the crypto market, and higher investor confidence could also drive gains in the Metaverse.Network Pioneer price and market cap.
Although it is impossible to offer an accurate Metaverse.Network Pioneer price prediction over any duration, several factors could influence a price change in the NEER crypto. Here’s a look at some of them and their impact:
As a platform developed exclusively for future metaverse projects, higher interest in such projects and blockchain-based games could drive investors’ interest in tokens such as NEER. The Metaverse.Network Pioneer could be considered a worthwhile investment as the demand for decentralized metaverse and gaming projects garner greater attention in the crypto market.
As more developers flock to use Bit.Country and Metaverse.Network Pioneer technology, the price of NEER crypto could trend higher. However, suppose the project faces stiff competition from new entrants that catch the eye of metaverse developers. In that case, we could see a reduction in development activity on this blockchain, which could weigh on the Metaverse.Network Pioneer value.
Investor sentiment is often the biggest driver of price action in most digital assets. A risk-on mood or bullish sentiment towards cryptocurrencies could support an uptick in the NEER price. On the other hand, bearish market sentiment or a risk-off mood in global financial markets could exert downward pressure on the price of Metaverse.Network Pioneer crypto.
NEER is the native cryptocurrency of the Metaverse.Network Pioneer blockchain. Here are some of its popular use cases:
As the native currency of the Metaverse.Network Pioneer parachain on Kusama network, $NEER is used to pay transaction fees by users and dApp developers. It is also used as the currency when purchasing virtual assets, such as a land block, within the metaverse projects operating on the network.
NEER can be staked for materials BIT and ensure the overall health and resilience of the Metaverse.Network Pioneer blockchain.
You can trade Metaverse.Network Pioneer token in the crypto market or invest in it long-term. Buy or sell NEER against other cryptocurrencies or hold it long-term if you believe in the future potential of the Metaverse.Network Pioneer and Bit.Country projects. Check the real-time price of Metaverse.Network Pioneer, NEER market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade NEER in the market.
NEER token holders enjoy voting rights within the Bit.Country Pioneer ecosystem. Community owners can submit or vote on others’ proposals to contribute to the project’s future evolution.
Bit.Country offers you the option to stake NEER in the BIT Material Campaign and earn attractive rewards. Here’s how you can stake $NEER:
1. Head to the Bit.Country Pioneer app and connect your wallet to the app’s interface. Ensure your wallet is sufficiently funded with NEER tokens for staking. You can buy NEER on KuCoin or other supported platforms and withdraw the tokens into your wallet to fund it.
2. Head to the Staking tab on the app. Click on the Staking circle to view the NEER Token Staking Pool available.
3. Click Stake NEER and enter the number of NEER crypto you wish to stake. Review the details of the transaction and click Submit.
4. Sign the transaction using your wallet to confirm the staking.
5. Sit back, earn rewards, and grow your crypto holdings by staking NEER.
NUUM is the native currency of the Bit.Country application framework that runs on the Metaverse.Network blockchain. This blockchain operates as a parachain on the Polkadot network.
On the other hand, NEER is the native crypto asset of the Bit.Country Pioneer application framework. This operates on the Metaverse.Network Pioneer blockchain, which functions as a parachain on the Kusama network.
Kusama is the sister or canary network to Polkadot, offering a convenient ecosystem where developers can test their projects before releasing them to the broader public via Polkadot. Essentially, NUUM and NEER share a correlation similar to that of DOT and KSM, respectively.
Another critical difference between NEER and NUUM tokens is their token generation events. NEER has a total supply of 100,000,000, a far smaller total supply than NUUM’s 1 billion. The allocation for the two tokens also differs, as do their token release schedules. For more information, refer to the documentation for Bit.Country and Metaverse.Network here.