What is Earncraft (PLOT) crypto and why is it rising?


The metaverse-focused play-to-earn (P2E) project, Earncraft (PLOT) token, soared over 248%, while its volume skyrocketed 2270% in the last 24 hours to 6:44 am ET on Monday.

Although the crypto market rally appeared to have weakened on Monday morning, digital assets related to the metaverse, play-to-earn games, web3, etc., drew significant interest from investors.

The crypto market declined 3.68% to US$1.90 trillion on Monday morning, but its one-day volume was up 45.37% to US$79.54 billion.

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What is Earncraft (PLOT) crypto and why it is gaining attention?

Earncraft is a play-to-earn (P2E) metaverse-based game. This free-to-play game provides a Binance Smart Wallet for each player, enabling them to pay players holding other tokens.

The live game, downloadable for free, comprises a land map divided into 4096 parcels or PLOT, which are non-fungible tokens (NFTs) sold over time. The parcels can be traded on OpenSea.

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Earncraft is a community-led Minecraft server ecosystem where users can play or create gaming experiences while obtaining resources for themselves.

It claims to be the first blockchain game with an in-game wallet and in-game blockchain transaction. The players can sell or buy resources, rent land, and do other activities while participating in competitions.

The PLOT NFT is the native utility asset of Earncraft metaverse’s real estate. Through these NFTs, a player can access games, in-game stores, social hubs, etc. In addition, one can rent their PLOT NFT to other players to obtain passive income.

GameFi is gaining immense popularity, especially among young crypto enthusiasts.

Also Read: When is Vietnam’s EV maker VinFast launching its US IPO?

Source: *data provided by CoinMarketCap.com

Bottom line:

The PLOT token was priced at US$0.03854 at 6:45 am ET on Monday, up 248.58%, while its one-day volume rose 2270.29% to US$4.79 million. It has a fully-diluted market cap of US$19.00 million.

The token’s total supply is 500 million, and it returned 84.74% gains in the last seven days. It is currently up for trading on PancakeSwap (V2).

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