A metaverse video game and cryptocurrency inspired by SpaceX’s Starlink satellite internet constellation made headlines earlier this week after it was part of an investigative report covering metaverses and non-fungible tokens (NFTs). The STARL metaverse is a project that is based on the STARL cryptocurrency, which shot up to record highs late last year but is struggling at historically low levels since the cryptocurrency market crash of 2022.
STARL is one of many metaverses that aim to provide its users with a digital platform to play video games, transact, and interact with each other. STARL became available to the public earlier this year, allowing interested parties to download and install the game and experience the metaverse with limited functionality. Its cryptocurrency, also named STARL, is currently trading at $0.0000043 per token with a market capitalization of roughly $43 million.
Starlink-inspired metaverse lets users fly their spaceship in a fictional universe
As the name suggests, STARL’s metaverse is obsessed with space. While the project is incomplete, the first version that became available earlier this month allows users to head to the section of the game that is described as ‘Warp Nexus’. Here, they can try flying a spaceship to see how the entire universe works. Warp Nexus is the first game released within STARL and allows players to engage in a variety of activities in addition to flying. These include mining, shipping goods, selling and buying goods from other users, and fighting if they so choose.
In a classic game experience, users must fight space pirates in Warp Nexus, and if they manage to win, they must face even stronger pirates in the next round. To kick things up a notch, the entire game is built on Epic Games’ Unreal Engine, allowing you to have some pretty clear visuals as described by TheVRSoldier in his review.
The metaverse is based on the STARL token, a cryptocurrency that began trading in July of last year. Unlike other projects, STARL is fully funded by the community, which means that those who use the token and the platform are also the ones who provide input for the design and other features.
Its project manager, Moe Larson, explained in an interview with VentureBeat earlier this month that the community is STARL’s greatest strength. The STARL token is completely decentralized and cannot be destroyed, making it difficult to manipulate liquidity on the platform.
Mr. Larson explained in his interview that focusing only on profit results in a project losing sight of the big picture. He highlighted that:
“The vision is lost when dollars are the main objective. We want to do something unique that celebrates community, artistic vision, fairness, and fun. We feel that it is a social responsibility, above all”.
He went on to criticize Meta Platform, Inc’s approach to a metaverse for focusing only on collecting user data for advertisers and building products. This, in his opinion, puts the user’s experience and interest in the background.
The STARL cryptocurrency has a market capitalization of $43 million and is currently trading at a token value of $0.0000043. As has also been the case with other cryptocurrencies, STARL has lost value since the beginning of this year when it was trading at $0.00003912. The all-time high price of the coin is $0.00008763, which it touched in November of last year.
Additionally, the number of unique addresses holding the coin is currently at an all-time high of 33,746 according to data compiled by Coinmarketcap, with the top 10% holding roughly half of the total market value in circulation and one address accounting for more of a quarter. of supply worth approximately $11 million.