<p>Seedworld $SWORLD token generation event recently took place, and it’s now accessible on Ethereum, Avalanche, Base, BNB, and Arbitrum networks. The $SWORLD TGE has been marked on players’ calendars since the summer of 2024, and it’s finally here to perfect the economic experience in the game.</p><p>$SWORLD will play a key role in how players engage with Seedworld’s user-generated content, in-game purchases, and various rewards. Within 18 hours after TGE, 300 million $SWORLD tokens were registered for staking. Considering most participants opted for the 12-month-lock-up period, this may reduce a potential sell-side pressure for $SWORLD in 2025. Such decisions show the community’s confidence in Seedworld’s vision and the developers.</p><p><img src="https://assets.funjible.games/Screenshot_2024_10_29_at_12_25_26_AM_14b7e9e14d.png" alt="Screenshot 2024-10-29 at 12.25.26 AM.png" srcset="https://assets.funjible.games/thumbnail_Screenshot_2024_10_29_at_12_25_26_AM_14b7e9e14d.png 245w,https://assets.funjible.games/small_Screenshot_2024_10_29_at_12_25_26_AM_14b7e9e14d.png 500w,https://assets.funjible.games/medium_Screenshot_2024_10_29_at_12_25_26_AM_14b7e9e14d.png 750w,https://assets.funjible.games/large_Screenshot_2024_10_29_at_12_25_26_AM_14b7e9e14d.png 1000w," sizes="100vw"></p><p><br>Following the launch, Seedify and <a href="https://seedworld.io/landing">Seedworld</a> founder, Meta Alchemist, also&nbsp;<a href="https://x.com/meta_alchemist/status/1849386077217517834">shared his thoughts</a> on X (formerly Twitter,) explaining how crucial it was to follow a multi-chain strategy for the $SWORLD TGE. Seedworld aims to reduce its reliance on centralized exchanges (CEXs) and embrace a more open ecosystem through decentralized exchanges (DEXs.) With token sinks in place, Seedworld also looks to remove tokens from circulation in the long run, which could fuel a supply shock once aggressive staking trends are combined.</p><h2><br><strong>CEXs: Who Needs Them?</strong></h2><p>Seedworld’s founder emphasized that Seedify began its journey in 2021 without any centralized exchange (CEX) support, highlighting the team's experience in focusing on decentralized exchanges (DEX). Similar to Seedify, Seedworld aims to demonstrate to the Web3 community that CEXs are not necessary for successfully launching tokens, provided there are plans for sustainable growth.</p><p>This statement is primarily true for projects that excel in building and retaining communities while creating genuine utility for their tokens. Over the past year, both the Web3 gaming space and the blockchain industry have witnessed a sharp increase in fully diluted valuations (FDV) for new token releases. Seedify believes this situation could limit any potential room for growth, and $SWORLD’s current FDV stands at $77 million.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd_CcmUeknniRM7KKN0v86_Xes-otPT4jtAFjtgz0iyRlhSjkxPD2EwyD7iL8f_nO5-vLoQESHW7DHe8_31bFbip2DEYF5kjyaWjX-P5fmh03wcvzXQpHhCo9CoZi23i_0crx69wkqb_dmScKrlpK5hmk0f?key=gTz2aCnAOqaUj-IoM-ocyA">A modest valuation could grant Seedworld a world of possibilities, especially considering the success of its Web2 competitors. In terms of player-generated content, Seedworld looks to replicate the success of Roblox and Minecraft which generate billions and millions of dollars in revenue annually, respectively.</p><p>Moving forward, Seedworld needs to fully establish its <a href="https://funjible.games/games?genre=Metaverse">metaverse </a>ecosystem centered around creators, builders, and brands. Additionally, while there are plans to launch a Layer 1 blockchain under Seedworld in the future, a specific timeline has yet to be determined.</p><p>&nbsp;</p><div class="raw-html-embed"><iframe width="560" height="315" src="https://www.youtube.com/embed/Zsp7UmppUXo?si=wTLwVhOYBmvVFOOT" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""></iframe></div><p>&nbsp;</p><p><br>&nbsp;</p>

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