Agoraverse launches the first Web 3.0 shopping center

Agoraverse launches the first Web 3.0 shopping center

Developers are looking to make it the largest digital mall with around 5,000 stores

By Shashank Bhardwaj

Image: Shutterstock

Blockchain-enabled mall Agoraverse has announced the launch of its first-ever mall in the metaverse. This virtual mall will feature trendy clothing lines, metaverse-related products and services, art collections, NFTs, office and home furniture, and more. It will also allow users to play mini-games and access relaxation areas such as clubs, restaurants and other amenities.

The Agora ecosystem seeks to develop the largest metaverse mall in the world with no less than 5000 stores, with clothing, furniture, art stores, as well as mini-games and entertainment areas, making it makes the first virtual project of such magnitude and scope.

Metashops, Lofts and Access Card NFT are just some of the features of the Agora ecosystem. The $AGORA token will power the Agora Mall, allowing users to purchase virtual NFTs and real-world items much like they would in a traditional online store. It can also be used to make purchases from partner Metashops or to participate in various leisure activities within the ecosystem. Users can also earn $AGORA by earning cashback on purchases or completing various tasks within the ecosystem.

The total supply of $AGORA is capped at 1 billion. 10% of the total supply will go to the Agora ecosystem, where it will be used for periodic rewards and integrated activities. 20% of the total $AGORA tokens will be reserved as a reward for creators, while 17% will be used as a reward for people who stake their tokens. 16% of the tokens are reserved for the ICO scheduled for June 2022. The liquidity pool will receive 6% of the tokens, while future CEX and VC funds will receive 11%. 5% of the tokens will be used to reward team efforts, while the remaining 15% will be used for further development.
The Agoraverse ICO is set to take place on June 3, 2022, and the funds raised will be used to further Agora’s development as a digital mall.
The writer is the founder of yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash

Edwin S. Wolfe