Another currency launched in the modern world is Otherworld that has been causing ripples into the decentralized market through its unique application of physical and digital dimensions. Having started its trading as OWN, this metaverse token has attracted investors’ and tech’s interest quite recently, presenting itself as one of the leaders in the sphere of the new digital economy and virtual reality.

It is currently traded at $0.6136 and despite the high volatility it was able to experience a 1.99% uptick in the last 24 hours. This slight move up indicates a gradual improvement in the investors’ interest on the prospect of the project. Otherworld now occupies the 4217th place among all cryptocurrencies with a market capitalization of $21,68 million which is a good result for such a young project in this highly saturated field.

Certainly, the concept of Otherworld presents one of the most compelling tokenomics ever considered. The total tokens in the supply cap is 1 billion OWN tokens, the circulating supply for the tokens is $35,333,126, which in fact is just 3.53% of the total. This slow release shows a long-term strategy of token distribution, which might be favorable for creating long-term growth and increases in token value. The current fully diluted market cap, calculated using the total supply is $613.58 million which gives the hint of the large potential that investors and supporters see for this project.

Volume remains low for Otherworld, at $30,174.17 in 24-hour trading volume. This has placed OWN at the 3331st position in the trading volume sentinel. This is further exemplified by the fact that the token’s volume-to-market cap ratio is 0.14% attesting to the fact that while there is trading activity there is not irrational bubble mania that accompanies the release of most new cryptocurrencies. One can interpret this measured approach to trading as a sign of expectation that people who hold the currency think in the long term and don’t ‘flip’ it, moving in and out of it at a very high frequency.

That is why the idea behind Otherworld is so captivating. Similar to most other metaverse tokens, OWN is created to enable payment for goods and services across virtual realms. The project is to develop the technology for an ideal integration of the physical and virtual worlds to help users have an experience-rich life, virtual property possession, and involvement in a novel digital economy. This vision is indeed in line with the rising trend regarding the metaverse development, which has attracted the attention of many leading technology corporations and global investors.

In chapter six of the Otherworld white paper, the company’s strategy to tackle metaverse is threefold; virtual property, digital assets, and experiences. This token can be used to make payments, trades or invest in various digital assets that are found in this ecosystem. Through the introduction of this single currency of allowance for these Otherworld interactions, the platform achieves a standardized way of interacting online.

In their architecture, integration is one of the standout features that make Otherworld stand out from other systems. It is planned that the project will be integrated into various platforms and virtual spaces, which can enable users to transfer their assets and avatars from one metaverse to another. Of course, this emphasis on the cross-platform utility of the application might turn into a major asset when the metaverse idea is still in the process of growth.

The development team of Otherworld has remained more focused on developing several collaborations to increase the usage of the token. Although the specificities of such connection are still vague there are some signs of compatibility with other VR systems, game engines and various social networks. These partnerships could have a significant influence on the development of the Otherworld network and the level of its popularity.

We always recommend that any investor entering the Otherworld community consider any new cryptocurrency project with a measure of realism as well. Even as it currently holds so much potential for truly distributed organizations, the metaverse idea is still primarily in its infancy, and the viability of endeavors within this domain for organizations has yet to be fully determined. Another possible issue that can become a concern for Otherworld’s development is that the market for cryptocurrencies and virtual assets is still relatively new and its legal status in different jurisdictions is not always clear.

With these factors in mind, however, the first reaction to Otherworld has been mostly positive. This is based on the token experience since it was created and it shows that the market has need for what the token offers. By the time this Malstrom project progresses farther and become complex as others, I think it will be significant to see how Otherworld deal with such prospects and; and threats of this growing digital world.

Therefore, Otherworld is a promising newcomer to the cryptocurrency space that has a clear idea of how interactions and economies of the future can look like. Orginally it sought to immerse participants in a spekulition economy of a game environment by enabling the integration of real and virtual worlds through a shared token economy. Further development of the project will rely heavily on the ability of the team to fulfil their pledge and give practical usage to the OWN token. What will hopefully unfold over the next several months will be the ability of Otherworld to sink its roots deep enough into the emerging metaverse that it can begin to stand proudly as one of the few notable survivors or potentially become just another in a long list of once-hot crypto projects that won’t be able to sustain itself.