If you’ve been following the world of blockchain and cryptocurrency, you’ve probably heard the term “Web3” thrown around a lot. But what exactly is Web3, and why is it generating so much buzz in the tech world?

In-game currencies have been a part of video games since the earliest days of gaming. From arcade tokens to gold coins in classic RPGs, virtual currency has played a significant role in enhancing the gaming experience. So let’s explore the evolution of in-game currencies and how they have become an integral part of modern gaming ecosystems.

Gaming has always been at the forefront of technological innovation, with each new iteration introducing groundbreaking features that set the stage for the next wave of advancements. The early days of gaming saw the rise of arcade games, followed by home consoles like the Atari 2600 and the Nintendo Entertainment System.

Blockchain games offer players the opportunity to truly own their virtual assets and game items securely and transparently and, whilst the topic of much debate, it is this new approach to gaming that positions numerous benefits that traditional gaming cannot match.

The team wanted to align their vision into a single word that would evoke the feeling the team wanted users to have when both thinking about and engaging with the project. The name plays on the word “euphoria.” As a sci-fi-themed platform, the “UFO” part of the name is a nod to the futuristic and extraterrestrial elements of the world environment that the project is building.