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The crypto space is constantly evolving. Since blockchain technology is still in its nascent stages, projects need to identify and leverage niches that are driving market demand in the industry. One such area is the metaverse, which experts believe could be valued at $800 billion by 2024.
That said, BurgerCities, which has evolved from BurgerSwap to tap into the tokenized infrastructure of a virtual economy, has identified the immense potential of the metaverse.
Let’s look at BurgerCities and its transition into the metaverse.
BurgerCities is a blockchain-enabled play-to-earn (P2E) MetaFi ecosystem, powered by BNB Chain. It evolved from BurgerSwap, a decentralized finance (DeFi) platform launched in 2020 to facilitate the swapping of tokens.
BurgerCities aims to offer a wholesome web3 experience by integrating DeFi and NFTs into the larger metaverse realm. In essence, users can socialize, game, and participate in other daily activities in a virtual world while still enjoying DeFi functionalities, such as token swaps and staking.
The project has taken GameFi a notch higher by creating a game that mixes numerous economic models with an emphasis on game enjoyment through improved playability. The platform’s gameplay includes NFT-themed heroes, daily gaming tasks, in-game trading of NFT items, and tactical combat.
Built on BNB Chain, BurgerCities can thrive on the platform’s ecosystem, which facilitates the smooth and efficient creation of NFTs. As a BEP-20 token, BURGER is the glue that holds various features of BurgerCities together.
BurgerCities combines metaverse-themed gameplay with DeFi and NFTs. Following its evolution from BurgerSwap, the project’s ecosystem now consists of the following features.
The various aspects of BurgerCities’ play-to-earn structure are:
BurgerCities gameplay is powered by Heroes, which are utility-enabled NFTs with diverse use cases on the platform. First, you can breed Heroes through the summon function. The rarity of a Hero, divided into four levels from lowest to highest — Green, Blue, Purple and Orange — is partially determined by the two Heroes used for breeding.
Hero NFTs can also be used for exploration to earn gold and in-game items, which can then be used to craft props via the game’s manufacturing feature. You can also participate in player vs. player (PvP) and player vs. environment (PvE) battles with your Heroes.
You can own and develop metaverse land in BurgerCities. At the moment, only core plot scenarios are available on the platform. However, in the future, virtual land will also be usable for free building style and interior decoration.
BurgerCities metaverse land will have a high degree of editability, in order to customize one’s virtual home to their preference. Landowners can rent out their buildings or provide advertising space to obtain an income.
You can also simulate a business scenario in the BurgerCities metaverse and practice in-game decision-making. Unlike traditional simulation games, BurgerCities lets you rent, upgrade and trade NFTs, with a chance to earn rewards outside the game.
Black Market is a platform on BurgerCities that lets players quickly and cheaply trade or swap digital assets. Black Market uses aggregation protocols for swapping tokens at highly competitive rates.
BurgerCities’ aggregation protocols source liquidity across different decentralized exchanges (DEXs) and provide the best rates for swapping tokens, all on a single dashboard. The cheapest rates may involve swapping your tokens within several protocols into different currencies before you obtain your desired token.
For example, if you want to swap your BURGER tokens to USDT via an aggregation protocol, the cheapest way (as shown below) requires you to first swap BURGER to WBNB (Wrapped BNB) before exchanging it for USDT.
BurgerCities’ Energy Plant is a section on the platform that allows you to become a liquidity provider. To participate, you’ll need to choose two tokens and deposit them into the pool. By providing liquidity, you’ll receive BURGER tokens as rewards.
Another critical building block of BurgerCities is the Central Bank, which is a single-coin dual-mining revenue aggregator. Through the Central Bank, you can maximize your staking rewards when the revenue aggregator matches the staking assets with high-yield pools. The rewards are distributed in USDT.
BURGER, built on BNB Chain, is the native token for the BurgerCities ecosystem. It’s used to power various operations, including staking, liquidity mining and play-to-earn games.
There’s a total supply of 61,000,000 BURGER tokens, with a current circulating supply of 33,259,000 (as of December 14, 2022). Of the total supply, 50% was allocated for incentives, 10% to the team, 10% to financing, 10% to operations and liquidity management and 20% to the platform’s future growth and ecological development.
The BURGER token’s price didn’t gain much traction after its launch on the BurgerSwap DEX in September 2020. It traded at around $0.70 until the beginning of 2021, when the token rallied from $0.63 the last day of January, pumping over 20X within two weeks to hit $12.08 on February 20, 2021.
After a slight price correction and sideways movement for a few months with some local highs, BURGER experienced a phenomenal rise toward the end of April. On April 25, BURGER’s price spiked from $3.63 to hit its all-time high one week later of $27.57 on May 3, 2021.
In the weeks that followed, BURGER’s price dropped significantly, touching its lowest point that year at $3.18 on July 21, 2021. BURGER stagnated toward the end of 2021, when most tokens were pumping. The token’s downtrend continued in 2022, dropping it further in mid-May to $0.70 following the Terra LUNA crash.
Following its upgrade to the BurgerCities MetaFi platform on May 21, BURGER experienced a slight rise in July but quickly dropped back to the $0.50–$0.70 range, where it’s remained since.
Several price prediction analysts have offered their outlooks for BURGER. Technical analysts at CoinCodex remain bearish about BURGER’s price in the short term, but believe it could hit $17.15 by 2025.
According to Wallet Investor’s price prediction algorithm, BURGER could soar to $30.43 by 2025.
However, DigitalCoinPrice has a much slower price outlook for BURGER. According to their forecast, BURGER will trade at $2.79 in 2025 and reach a maximum price of $8.74 by 2030.
BurgerCities' venture into the metaverse could bear fruit over time, as the market demand for such a product is rapidly increasing despite the crypto winter. That said, the crypto market is highly volatile, and it’s important to do your own research before investing in any token.
BurgerCities takes a unique approach of using MetaFi to integrate DeFi and NFTs into the metaverse. They’re building a MetaFi/DEX platform where users can participate in daily gameplay and still access DeFi products, such as staking and swapping tokens. This is a strategic move that helps BurgerCities stand out in the larger metaverse space.
As BurgerCities aligns itself with various partners to provide utility to its users, its platform continues to actively make a mark on the gaming, NFT and DeFi space. Time will tell whether BurgerCities' evolution from BurgerSwap exerts a significant impact on the crypto space.