Virtual reality (VR) games are heating up in the crypto world, with associated tokens gaining popularity.
In this space, 5thScape (5SCAPE) has raised a staggering $1.5 million in its ongoing token sale. This impressive milestone indicates that investors are increasingly interested in 5thScape's vision of blockchain-powered universes.
5thScape presale electrifies crypto market with $1.5M surge
5thScape's move into crypto-based VR gaming is gaining momentum, as evidenced by the $1.5 million already raised from investors during the platform's ongoing ICO.
The presale is structured into 12 price tiers, with the price of 5SCAPE gradually increasing from a low of $0.00187 in the first round to $0.0087 at the final level.
This setup encourages early participation while allowing later investors to gain exposure.
During the current phase, investors can purchase 5SCAPE tokens for just $0.00215 each, an increase of 15% from the previous tier price.
However, this favorable rate will not last as the ICO continues its upward trajectory towards the hard cap of $15 million.
Once the ICO is complete, the 5thScape team has already confirmed plans to debut on major crypto exchanges.
Helping to further build the hype, 5thScape smart contracts have also been supplemented a complete audit by blockchain security company Coinsult.
This independent verification ensures that tokenomics is correctly structured from a technical point of view.
5thScape's ICO even caught the attention of popular influencers like YouTuber Michael Wrubelwho praised the potential of the project to his 311,000 subscribers.
5SCAPE will blur reality and immersive VR worlds
5thScape The team is dreaming big, aiming to create fully immersive virtual reality gaming experiences.
The platform focuses on creating a complete ecosystem for VR and AR games, content and hardware, all powered by blockchain technology.
Rather than just releasing a few VR games and being done with that, 5thScape's ambitions extend to developing a full suite of AAA titles designed specifically for VR.
These include MMA-themed offerings like Cage Conquest and racing games like Thrust Hunter.
But developers don't just stop at VR software.
Instead, they're going all-in on creating cutting-edge VR gaming hardware, including a sleek headset and AR gaming chair.
This entire virtual gaming domain is powered by 5thScape's native 5SCAPE token, which will be used to access games, make in-app purchases, and encourage third-party development through a custom marketplace.
The more 5SCAPE tokens users hold, the deeper they can dive into this blockchain-based multiverse.
This is an incredibly ambitious undertaking, but one that has had the crypto community buzzing so far.
Strong Tokenomics and Growing Demand for VR Fuel 5thScape’s Early Success
While 5thScape While the vision of blockchain-based virtual worlds is noble, the project has implemented tokenomics designed to encourage widespread adoption.
Of the total 5.21 billion 5SCAPE supply, 80% has been allocated to the ongoing ICO.
This allowed investors to get in on the ground floor at discounted prices before stock market listings took place.
Beyond ICO allocation, 5SCAPE tokens are also intended for liquidity, development, marketing, and community staking rewards.
5thScape white paper reveals a well-thought-out tokenomic model, showcasing the team’s dedication to creating a sustainable ecosystem.
Analysts at Grand View Research predict that the VR gaming segment alone could become a $109 billion industry by 2030, as technology becomes more accessible.
With the metaverse becoming more and more closely linked to blockchain and cryptography, 5thScape wants to position itself as a disruptive force.
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