To be honest, regarding UTLI, my mentor has already told me to free up funds until he notifies me to enter the market.
(In-depth analysis of the Ultiverse chain game project)
I. Prospects
Ultiverse creates a AAA-level metaverse with a powerful AI engine, combining VR and NFT, built on Unreal Engine 5, aiming to create a MetaFi platform in Web3. Its Terminus City can provide players with a unique VR gaming experience, featuring public buildings, DeFi facilities, etc., similar to a real city, where players can explore, unlock rewards, and build communities. The Electric Sheep NFT is its first NFT, featuring three factions and offering various rights, serving as the top form of Ultiverse's passport.
II. Team
Founder Frank graduated from Carnegie Mellon University and loves games. The team has more than 200 people, who have worked at well-known game companies such as Gameloft and Blizzard, participating in the development of many famous games. Furthermore, Ultiverse collaborates with over 300 AI and gaming teams from Web2 and Web3, covering most leading Web3 game projects, helping it become a platform connecting players and games.
III. Lineup
Completed three rounds of financing: On March 18, 2022, raised $4.5 million in seed round financing at a valuation of $50 million, led by Binance Labs and Defiance Capital; on the 25th, Binance Labs added $5 million in equity acquisition investment; on February 14, 2024, completed $4 million in strategic round financing at a valuation of $150 million, led by IDG Capital with multiple institutions participating.
IV. $Ulti Token Analysis
The previous staking and airdrop have basically ended, and now the main focus is on the new listing gameplay. The total token supply is 10 billion, circulation is 500 million, circulating market value is $140 million - $500 million, price is $0.07 - $1U. Compared to the chain game sector, its listing price is conservatively estimated to be between $0.07 - $0.2U.
Tokens have governance rights, payment functions, and DAPP access roles in the ecosystem, with distribution as follows: 8% for airdrop, 30% for the ecosystem, 20% for investors, 17% for the team, 15% for the community, and 7% for initial liquidity.
Tokens in the chain game sector often rise before unlocking and drop after unlocking, but project parties generally do not dump in the early stages of a bull market, so don’t chase highs at listing. If it drops below $0.1, you can buy in batches, around $0.07 is relatively safe; unless the project party gives up, it is difficult to get stuck at this price, after all, the project party also needs to make a profit, and the profit from dumping after deducting costs is limited.