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AI technology is the next frontier for expanding possibilities and enhancing capabilities in diverse tech sectors today. Many projects have jumped on the bandwagon, and IguVerse is one of the top projects to do so in the crypto space.
The platform allows players to use AI to create pets right out of their imagination! IguVerse has more fun elements that empower users to share their lives with their NFT pets online to earn rewards, taking the GameFi experience to a whole new level.
Let's look at how IguVerse is introducing blockchain in a gamified and artificially intelligent way.
Key Takeaways:
IguVerse lets you use AI technology to create pet NFTs with unique features and characteristics, including drawing styles and emotional contexts for a truly custom-made work of art.
Activities on the platform are powered by two tokens — IGU for governance, and IGUP for in-game rewards.
IGU can be bought on Byit via a USDT Perpetual contract.
IguVerse is a blockchain mobile application and play-to-earn social network game that uses artificial intelligence (AI) to create virtual pets in the form of non-fungible tokens (NFTs). On its platform, you and your NFT pet can monetize your social media content in a gamified way and become part of a vibrant community.
IguVerse’s app has three aspects — GameFi, FitnessFi and SocialFi — which means three fun ways for pet owners to earn rewards. Additionally, users can refer friends and family to IguVerse with its in-built referral program to earn rewards based on their referees’ activity rewards.
Reward percentages are based on either of the two referral lines:
First line (direct referral) — You get 2% of all rewards earned by invited users.
Second line (indirect referral) — You get 1% of all rewards earned by users your referees have invited.
To obtain referral rewards, both users and referees need to remain active in the game (see IguVerse Gameplay below).
However, IguVerse’s pet-centric game isn’t simply about play: the main goal is to champion animal welfare issues. Users can donate at least 1% (with the ability to increase to 100%) of their game rewards to an animal welfare organization of their choice in accordance with IguVerse’s goal of making a real-world impact. So far, IguVerse has donated $50,000 to different animal welfare organizations.
To create engaging and rewarding experiences for users, the social network platform uses the following technologies:
IguVerse is among the first blockchain projects to use Stable Diffusion technology in web3. IguVerse’s team generates top-quality, personalized pet images based on data from hundreds of millions of images and custom modifications by its users. The AI/ML technology also enables users to upload their actual pet photos to create a unique NFT copy.
The IguVerse platform utilizes a technology that allows users to mint NFTs using in-app purchases on Google Play, which means they don’t need to deposit cryptocurrency in a wallet. It’s a smart way of incentivizing Web 2.0 users to switch to the web3 gaming app.
To play on IguVerse, you need to create a virtual pet that could (for example) be a representation of your real pet or a newly imagined creation. The virtual pet becomes the NFT you mint on the app, which is a playable character that comes with features like rank, level and health. There are 12 ranks in total, starting from free all the way to diamond. The higher their ranks, the more rewards the NFTs can earn. Meanwhile, the NFT level ranges from one to ten and is gained through completing daily tasks. After every 10 levels, the NFT is upgraded to a higher rank.
To keep an NFT viable, the player must remain active in the game to obtain energy (valued from 0 to 100). Energy level is automatically reset to zero at reward time (00:00 UTC) daily.
The system determines the earnings a player receives after completing specific tasks that are spread into three modes, below.
Created as an arcade mini-game on a timer, this game requires the player to jump their pet over obstacles to collect fruits. Players have to reach a certain score to complete a task that partly replenishes the Energy level. Currently, getting a high score doesn’t increase the player’s Energy limit, but users can look forward to more rewards in competitions in the future.
This mini-game requires the player to walk their pet virtually or physically for a specific amount of time in order to partly refill their Energy level. If you need help staying consistent with your physical workouts, IguVerse is the place to walk, jog or run with your pet in a gamified way to earn rewards.
Socialize to Earn is the core of the gaming platform, with its high Energy replenishment and social media user engagement abilities.
It’s divided into two segments:
Socialize to Earn Share — The user needs to attach a pet ID to their content on a supported social media platform (currently Instagram and TikTok), and connect their public profile to the app. Once other users find the code, the task is deemed complete.
Socialize to Earn Verify — Players verify another player’s task, and if the action passes the verification criterion, the player earns rewards.
After tasks are completed and reviewed successfully, Energy points are converted into IGUP tokens using a set of criteria, which players can then use to level up or feed their pets.
Apart from earning direct rewards on the app, the IguVerse team is currently developing an AI-powered marketplace. The multifunctional platform will be independent of the app. It will allow users to trade NFT assets and provide access for better browsing functionality, AI generation tools and an advanced advertising feature to promote user collections.
IguVerse’s social network game utilizes two tokens, IGU and IGUP. Let’s look at each of them.
IGU, the governance token for the IguVerse ecosystem, has a maximum supply of 400 million.
Its uses are as follows:
Payment for minting NFTs
In-app purchases
NFT rank upgrades
Pet restoration
Inventory purchases
Mystery box purchases
IGUP is IguVerse’s in-game reward token, with unlimited supply. It’s deflationary in nature; burn mechanics are applied to maintain healthy inflation.
Its uses include:
Purchasing boosters and other NFT upgrades
Leveling up pets
Feeding pets
As of Dec 13, 2023, the price of the IGU token is $0.07157, which is approximately 75% lower than its all-time-high of $0.287 on Feb 20, 2023, and over 275% higher than its all-time-low of $0.019 on Jun 10, 2023.
Price prediction experts are pretty bullish on IGU’s future price. According to PricePrediction's forecast, the token is expected to rise to $0.137 in 2025 and soar to $0.82 in 2030. DigitalCoinPrice is similarly bullish, forecasting the price will hit $0.26 in 2025 and rise to $0.75 by 2030.
You can buy IGU tokens on Bybit via the IGUUSDT Perpetual contract. If you don’t yet have a Bybit account, you can easily sign up for one. A Bybit account allows you to access hundreds of crypto assets and products, both in the Spot and Derivatives markets.
IguVerse is a mobile app and play-to-earn game that offers everyone, including pet lovers, a platform to turn their love for animals into real income. Its pet-centric play utilizes social media, provides the latest AI technologies and offers different gameplays in one app for players to earn valuable rewards.
With an ambitious road map for the future and more than 500,000 users already on board, IguVerse may well be one of the top projects to watch for in the blockchain space.
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