MetaFi Comes to BNB Chain

BurgerCities combines the metaverse with Decentralized Finance (DeFi) to create a unique MetaFi offering on BNB Chain.

A MetaFi game is an ecosystem that combines the experience of the Metaverse with financial markets. Users can engage with the social aspects of the metaverse while trading NFTs and tokens at the same time.

BurgerCities grew out of Burgerswap, an existing DeFi product on Binance.

Developers bill BurgerCities as “the first standardized blockchain-enabled game of metaverse scenario on BSC [BNB Chain].”

“People can engage in daily activities such as socializing, gaming, and so on in this realm. Simultaneously, experience DeFi and NFT functions such as Swap, Staking, and viewing NFT exhibitions through their visual metaverse image,” according to a BurgerCities post on Medium. 

Primary gameplay in the metaverse includes “NFT-heroes” (main characters you can buy as an NFT), “daily active gameplay” (which rewards gamers for active engagement), and “business simulation” (to create a feel for business and financial markets in the metaverse).

Inside the metaverse, there are three main buildings laid inside a city setting. The three buildings are Black Market, Energy Plant and The Central Bank. The Black Market serves as a cross-chain market that supports major centralized and decentralized exchanges, allowing users to trade a variety of digital assets. Energy Plant is a liquidity provider, which allows users to liquidate their assets with ease. Finally, the Central Bank is the mining-revenue aggregator of the metaverse, which accumulates the proceeds of mining revenue in USDT and rewards it to users. Users can also own a piece of land and create homes, like the game “The Sims”.

Combining the metaverse with DeFi is a unifying attempt to integrate the key applications of Web3. We’ll see whether this MetaFi play will have a lasting impact on BNB Chain or will pave the way for other projects in the future.

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