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Moscow, Russia – (Newsfile Corp. – Nov. 21, 2021) – Sensorium has announced that it has burned 1 billion SENSO tokens. Additionally, the recent explosion of interest in the Metaverse has shed light on the structures needed to support virtual worlds. These include cryptocurrencies capable of supporting and advancing virtual economies. Along with this, the burning of tokens is always beneficial for investors as it reduces the supply of circulation thus increasing the price of the token.
Amid the recent explosion and in order to increase the value of the token, Sensorium, the company behind one of the world’s major metavers, burned one billion SENSOs, the equivalent of 40% of its currency. on the platform. With this, the total supply of SENSO tokens now stands at 700 million, of which 500 million tokens will be locked for in-game digital asset sales, leaving the active offer at 200 million SENSOs.
Burning is the company’s second venture this year, positioning SENSO closer to becoming one of the most relevant metaverse tokens at a time when discussions of digital worlds are reaching a climax.
The long-awaited metaverse
Founded in 2018 by Forbes-listed billionaire Mikhail Prokhorov, Sensorium Galaxy has been named as one of the main contenders in the metaverse race, alongside tech giants like Epic Games’ Facebook and Fortnite.
Once launched, Sensorium Galaxy users will be able to explore different virtual worlds, each dedicated to a particular form of entertainment. Top attractions will include exclusive concerts by world-renowned DJs such as David Guetta and Armin van Buuren, as well as mindfulness and meditation activities led by renowned practitioners.
More recently, Sensorium announced that it will team up with electronic music icon Jean Michel Jarre, whose virtual reality appearances have drawn millions of viewers, to co-create its metaverse.
“At its core, Sensorium Galaxy is a social platform. Our vision from the start was to be able to provide users with incredible experiences that are worth living in virtual reality, but that will always make them feel completely present and connected to others. The metaverse is a collective experience that is built and lived together, whether with loved ones or with all the new people you will meet along the way. And co-creation is at the heart of everything, ”explains Alex Blagirev.
In addition to their high-level partnerships, Sensorium has also made a big bet on a feature that kills: virtual beings driven by AI. This new generation of avatars is said to be the ultimate metaverse companion, able to hold intelligent conversations with users and travel with them through virtual worlds. Not only that, but users will also be able to co-create the metaverse with these AI beings, unleashing their common creativity in areas like music and dance.
The metaverse engine
SENSO is at the heart of Sensorium Galaxy, as the primary means of payment for all transactions within the metaverse. This includes purchasing avatars, tickets, cosmetic extensions, digital art, etc. In addition, Senso will also be used to create all kinds of NFTs in Sensorium Galaxy.
Inside the Galaxy, a SENSO is worth $ 10 each. This rate is applied to those who purchase SENSO through traditional fiat payments. However, Senso is also traded via crypto exchanges, slightly above $ 2.5 at the time of writing, meaning getting SENSO on the open market can offer a dynamic discount to users.
Owning SENSO also provides Metaverse users with additional benefits, as the platform says it intends to reward users by allowing them to participate in the governance of the Metaverse through a DAO where, according to the latest book white from Sensorium, “Participants have the opportunity to join the Board and benefit from voting rights on product decisions as well as other benefits.”
Other Metaverse Tokens
Ahead of the highly anticipated release of Sensorium Galaxy, which is slated to take place in the coming months, SENSO is making great strides in the burgeoning universe of ‘metaverse crypto’, which includes Decentraland, whose market capitalization has exceeded $ 2 billion. dollars on the return of the big Facebook / Meta news from last month, taking his MANA token through some incredible rallies ever since. Other platforms like Axie Infinity and Sandbox, to name a few, have also been crucial in reaching new heights for metaverse cryptocurrencies, with AXS and SAND leading an endless price surge in seen.
It’s clear that monetization has become a focal point for metavers, and users are quickly becoming adept at choosing platforms with fair and transparent virtual economies, where the time and effort invested in virtual worlds is easily rewarded.
Contact Person: Siranush Sharoyan
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104524