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# Enter Ethverse where Minecraft meets Ethereum
- URL: https://dexplain.com/enter-ethverse-where-minecraft-meets-ethereum/
- Published: 2020-09-01T10:34:00.000Z
- Updated: 2021-12-01T10:35:39.000Z
- Description: What is ETHVerse? Meet the virtual world game built on Minecraft, powered by Ethereum. Monetize your imagination!
- Author: wizardfromspace
- Tags: Metaverse, ETHVerse, Collectibles, Non-fungible Tokens, Ethereum, Crypto Gaming

[ETHVerse](https://ethverse.com/?ref=dexplain.com) is a virtual world game built on top of Minecraft, powered by Ethereum. The team aims to enable users to truly own their virtual assets, along with trading them through an in-game decentralized marketplace. Essentially, users will be able to monetize their imagination for building in Minecraft.

## What does ETHVerse add to Minecraft?

Users will have an integrated on-chain wallet, enabling them to deposit, send, and receive tokens while playing. Blockchain-powered ownership of virtual land and assets is possible via non-fungible tokens. A marketplace dApp enables users to buy, sell or trade assets and services in a decentralized manner. There are also plans for community governance of ETHVerse via staking.

**Zoom in:** the team plans to allow users to collateralize their virtual assets, opening up the possibility for in-game [DeFi](https://dexplain.com/tag/defi) products. A unique feature not seen in competitors such as Enjin, Decentraland, or Sand.

- Competitors: ENJ, MANA, and SAND have a market cap of $200M, $130M, $30M respectively. Whereas ETHV has a **$4M market cap**, there is room to grow!

**Zoom out:** Building on [Ethereum](https://dexplain.com/how-to-buy-ethereum-with-a-credit-card-on-binance/) is a scalability concern for gaming, will people pay a $20 transaction fee to move ETHV around in-game? Games need a high throughput chain with a low cost such as [Lamden](https://dexplain.com/lamden-mainnet-launch-is-around-the-corner/) or [Chromia](https://dexplain.com/what-is-chromia-chr-token-blockchain-review/).

**Not so fast cowboy…** 31M tokens are going to unlock soon, and does the team have any vesting plans? The [second wallet](https://etherscan.io/token/0xeeeeeeeee2af8d0e1940679860398308e0ef24d6?ref=dexplain.com#balances) already has 1M tokens available to dump on you. We will need answers.