The vEmpire DDAO (VEMP) claims to be the “world’s largest decentralized metaverse investment organization.”
vEmpire uses a decentralized autonomous organization (DAO) to monetize vampire-themed blockchain games. Currently, they have just two games vEmpire: the Beginning and a play-to-hack game based on The Sandbox. Plus a VEmpire-The Kings of Darkness a history based, play-to-earn, trading card game is available on STEAM. vEmpire reimagines Austria’s Hapsburg Emperors and Empresses as vampires.
The vEmpire DDAO has some value. vEmpire claims to have had a Total Value Locked Value (TVL) of $5.566 billion, Coin Price of 3₵ and a Market Cap of $7.091 million on 28 August 2022. They base those numbers on a Circulating Supply of 207.779 million.
They estimate around 85.901% of vEmpire DDAO operates on the Ethereum blockchain and 14.099% of the vEmpire DDAO operates on the Binance Smart Chain. The vempire vEmpire DDAO also operates on the Chainlink and Polygon blockchains.
On 26 August 2022, vEmpire held $1.126 million TVL in Ethereum (ETH), $325,796 million TVL in Decentraland (MANA), $393,539 TVL in Sandbox (SAND), $1.209 million TVL in Starlink (STARL), $64,628 TVL in Axie Infinity (AXS), and $1.671 million TVL in VEMP.
What is the vEmpire DDAO?
The vEmpire Protocol enables vEmpire players to buy into Metaverse and profit from GameFi and NFTs.
The vEmpire Protocol powers the DDAO, the organization that runs vEmpire, the Guild which runs vEmpire’s scholarship programs which can make it easier for players to earn financial rewards through play-to-earn (P2P) games. They claim the Guild generates passive profits for the DDAO.
vEmpire DDAO users can stake Metaverse cryptocurrencies and earn passive rewards. Plus, they claim the vEmpire Token (VEMP) allows players to interact with immersive play-to-earn games through the DDAO.
They claim vEmpire has staked over $55 million worth of Metaverse tokens.
They launched the vEmpire DDAO in the first quarter of 2022. vEmpire will integrate with Solana and the Atlas staking pools in the second quarter of 2022. The DDAO plans to begin development of the official vEmpire P2E game in the Third Quarter of 2022. Development of the vEmpire Warring Tribes game could begin in the third quarter of 2022.
What is VEMP?
The vEmpire Gamer Token (VEMP) is the native token of the vEmpire DDAO.
Users can stake VEMP to get founding soldiers to wage war on enemies. Users can also stake plebs through the Plebian Council. Both the Plebian Council and the Staking Soldiers are nonfungible tokens (NFTs).
xVEMP is the vEmpire DDAO’s governance token. Individuals who own over 100,000 xVEMP get voting power in the DDAO. Holders of xVEMP also qualify for bonus rewards and NFT and Metaverse asset giveaways.
What Value does VEMP have?
Mr. Market has a strong interest in the vEmpire DDAO (VEMP). VEMP was CoinMarketCap’s second-most-trending cryptocurrency on 26 August 2022.
However, CoinMarketCap named vEmpire its 942nd largest cryptocurrency on 28 August 2022. CoinMarketCap gave vEmpire a 29.26₵ Coin Price, a $5.0.83 million Market Capitalization, a $23.751 million Fully Diluted Market Cap, and a $50.53 million 24-Hour Market Volume on 28 August 2022. They base those numbers on a Circulating Supply of 173.684 million VEMP, a Maximum Supply of 810.72 million VEMP, and a Total Supply of 810.72 million.
In contrast, CoinBase gave the vEmpire Gamer Token (VEMP) a 2.93₵ Coin Price, a $5.1 million Market Capitalization and a 24-Hour Market Volume of $5.1 million on 28 August 2022. They base those numbers on a Circulating Supply of 173.7 million VEMP. CoinBase gave VEMP an all-time high Coin Price of 66₵.
What Value can the vEmpire DDAO achieve?
I consider vEmpire (VEMP) a massive multiplayer online game (MMOG). There are audiences for MMOGs. For example, the largest MMOG. World of WarCraft, had 26 million users in 2021, Gamberbolt estimates.
The popularity of MMOGs is waning. World of WarCraft had 46 million users in 2017. However, it is not clear if people are abandoning MMOGs or switching to other games.
In contrast, mmo-population.com estimates World of WarCraft had 1.14 million active players and 120.51 million total players on 26 August 2022. However, three other games, Old School RuneScape, Path of Exile, and FINAL FANTASY XIV: A Realm Reborn, had more active players on 26 August 2022.
The potential market for MMOs is massive. I estimate mmo-population’s top 10 MMOs had 372.49 million total players on 26 August 2022. However, none of those games appear to be a horror or historical title. Instead, fantasy, science fiction, and military games seem to be the most popular. Obviously, the vEmpire is a horror game which could limit its appeal.
I think the TVL shows vEmpire could offer genuine value. However, that value could be small. Yet, vEmpire could have value if it develops technology other games could use.