Zilliqa (ZIL) price prints green candles on charts ahead of Metapolis dubbed Metaverse launch

Key Takeaways

• ZIL, the native token of the Zilliqa blockchain is up 8% ahead of its Metaverse, launch
• The company announced last month that it will launch Metapolis as its Metaverse platform
• On Tuesday Zilliqa revealed the roadmap of its Zilliqa City on the Metaverse

YEREVAN (CoinChapter.com)- Zilliqa (ZIL) token price has started showing signs of recovery after last week wiped an additional 30% from its recent gains. The price of ZIL has been on a steep decline since the token attained its all-time high (ATH) of $0.2563 in May 2021. 

According to the data available on CoinMarketCap, the Zilliqa token has started leaving green-candle traces after gaining over 8% in today’s trading session. At the time of writing, ZIL token price has attained $0.04639, which is still over 80% lower than its all-time high nine months ago.

Zilliqa is a public blockchain network that Amrit Kumar and Xinshu Don, both researchers from the National University of Singapore, launched in June 2017. Zilliqa’s native token, the ZIL started as an Ethereum-based ERC-20 token. However, the founders launched their indigenous mainnet two years later, in 2019.

As the network implements sharding at the core of its ecosystem architecture, it is a scalable blockchain that offers faster and cheaper transactions. Because of its ability to handle complex computational processes Zilliqa has proven itself to be a useful platform to build decentralized applications (dApps). 

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Zilliqa prepares to launch its Metaverse, the Metapolis

One of the biggest catalysts to its success lately has been its anticipated metaverse entry. The company recently announced it will be launching its extended reality (XR) platform, dubbed ‘Metapolis’ in January 2022.

“We’re making it official. Metapolis, Zilliqa’s highly immersive, customisable extended reality (XR) #metaverse platform – Coming soon in 2022!” 

the company said last month.

On Tuesday, Zilliqa took to Twitter to reveal the roadmap of its Zilliqa City. Comprising of 3 phases, the roadmap reveals in detail what each one will include. 

In the first phase, the company will allow users to make their personalized avatars, engage in asset trading as well as participate in NFT sales. In addition, the blockchain will also organize community events and free airdrops for users.

1/ The Roadmap that you’ve been waiting for
You’ve seen the Metapolis roadmap, now here’s the Zilliqa City roadmap!

Citizens and holders of $gZIL pay attention!

Featuring 3 different phases where we deliver more utility and usability for our own city in #Metapolis pic.twitter.com/AEXAm2eduv

— Zilliqa (@zilliqa) January 25, 2022

The second phase of Zilliqa city is set to activate token staking and play-to-earn (P2E) games while the third phase will bring partnership expansions and DAO creation.

“For some clarification: Metapolis is the whole Metaverse in which Zilliqa City is built in. Think of it as Metapolis being the whole universe, while Zilliqa City is a district that’s part of the greater universe!” 

the company explains.

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What lies ahead for Zilliqa? 

The Zilliqa blockchain, despite the recent slump on the charts, has attracted a lot of interest. The network has around 108,000 smart contracts deployed and $267 million in total value locked (TVL). In addition, 36.57% of the total tokens in circulation are staked, according to the website.

Between 2020 to 2021, the native token ZIL recorded a 648% increase in the annual average of its market cap. The average 24-hour trading volumes also rose by 189% during the same period. 

Metapolis 🤝 Metaverse

— Meta (@Meta) January 24, 2022

With Metapolis now about to launch, the price of ZIL could easily regain its all-time high before targetting $1 in the months to come.  

As indicated by the response to a query on Twitter, Meta (Facebook) could have some collaboration plans with Zilliqa’s Metapolis. Should that happen, ZIL token price will wear its rally boots earlier than we expect.