Being an NFT game, players will have to buy in-game assets such as the GLS token to access certain functionalities of the game. Also, players can mint one of 2,000 NFT characters dubbed “Muji” to play the game.

Read Also: Terra Classic Prediction: As Buying Pressure Surges, Can LUNC Price Touch $0.0001? Details

By design, LUNC is required to purchase GLS tokens and other in-game assets. Accordingly, the team has noted that a greater percentage of accumulated LUNC tokens would be burned and taken out of circulation forever. “By purchasing the GLS token for LUNC, players receive funds for in-game purchases, and our team accumulates LUNC tokens for further burning.  70% of LUNC tokens received for players’ purchases in the MetaGloria game will be sent to the burning wallet.”

According to the team, the MetaGloria game which has been in development since 2022 is expected to be up and running on May 20, 2023, all things being equal. The developers also added that the role-playing game (RPG) game will be on a “fundamentally new level that will captivate every fan of the game industry and at the same time provide an opportunity to monetize their hobby.”

On Tuesday, the developers behind the highly anticipated NFT game took to Twitter to announce the significant progress made in the game development. As per the update, the MetaGloria game is 90% ready following the recent addition of the PVE (Player versus Environment) content, involving monsters and missions. 

“We are glad to inform you that more than 90% of the work is behind us. Added PVE content outside the city with monsters and missions. More news on the work done will be [out] very soon,” the team said, sharing a sneak peek of the game environment. 

We are glad to inform you that more than 90% of the work is behind us. Added PVE content outside the city with monsters and missions. More news on the work done will be very soon.#LUNC #LUNCcommunity #OGMuji #OGCacti pic.twitter.com/dRDwlJXBoA

— METAGLORIA (@MetaGloriaNFT) May 16, 2023

Read Also: LUNC to $1? Staked Terra Classic Tokens about to Hit 1 Trillion Milestone

The one-minute demo featuring an avatar navigating through a natural setting filled with scattered, abandoned temples got the attention of prominent members of the Terra Classic community including Classy and Rexx.

While the top validator Classy commended the MetaGloria team, Rexx beckoned on the community to support the high-quality Terra Classic-based NFT game. He said, “There are a lot of people within the LUNC community that have not been paying attention to MetaGloria. Please view this demo of a game that they have been building directly on the LUNC blockchain.

Follow us on Twitter, Facebook, Telegram, and Google News

The post LUNC Path to $1? Upcoming Terra Classic P2E Game Pledges to Burn 70% of LUNC Tokens Received from Purchases appeared first on Times Tabloid.

According to an announcement on Sunday by LUNC DAO, this new NFT platform set to go live on the Terra Classic chain today is dubbed MetaGloria & Miata. 

In line with this, LUNC DAO will be hosting an Ask Me Anything (AMA) session to reveal more details to the optimistic LUNC community at 10 pm UTC. Classic Crypto, a popular Terra Classic (LUNC) validator, will be co-hosting the AMA session. 

Will be co-hosting this $LUNC AMA w/ @LUNCDAO.

Looking forward to speaking about #LUNC projects! https://t.co/986nM9xru7

— Classy (@ClassyCrypto_) November 14, 2022

It is said that the team has taken sufficient time to develop the MetaGloria & Miata marketplace in a way that would greatly benefit the Terra Classic (LUNC) ecosystem.

MetaGloria Would Burn LUNC Tokens

MetaGloria is a play-to-earn game, developed by a team of game developers and crypto enthusiasts from Ukraine. The gameFi project seeks to give gamers a high-quality gaming experience while also allowing them to earn. 

Particularly, MetaGloria is designed to help the Terra Classic community to burn its hyperinflated LUNC supply. 

Read Also: Terra Classic Burns Surpass 27 Billion LUNC and Total Staked Now More Than 857 Billion Tokens

“Because of recent events, Terra Classic’s asset holders felt the loss associated with an emissions increase, which led to a drop in value. The only possible way out is to burn excess tokens. which is why we provide the opportunity to exchange LUNC for the GLS (donate) token that is used in our game,” MetaGloria wrote. 

The MetaGloria play-to-earn team made available only two collections of 3000 unique AI-generated non-fungible tokens for minting. So far, 1000 unique NFTs have been minted while the team plans to release the remaining 2,000 Muji NFTs. Notably, these NFTs were created on the Terra Classic blockchain. 

Ultimately, the launch of the MetaGloria & Miata NFT marketplace is a forward-moving development for the Terra Classic community as it would contribute to the reduction of the total supply of LUNC. 

Meanwhile, a developer in the Terra Classic community recently presented a proposal that would help burn LUNC tokens worth about $4.16 million. Another update showed that Terra Rebels burned 7.93M LUNC after the second round of the Terra Classic lottery game.

Follow us on Twitter, Facebook, Telegram, and Google News

The post NFT Marketplace That Supports LUNC Burning Set to Go Live on Terra Classic Blockchain appeared first on Times Tabloid.