After the project rebranded from Gensokishi to The GENSO metaverse, the token MV has increased 26% since Sept. 19. Gensokishi was a Japanese web3 MMORPG that is based on the Nintendo/Playstation 4 game Elemental Knights.
The Token saw a 26% increase in September due to a rebrand. With the game now part of a larger metaverse, the project has repositioned itself to be the GENSO metaverse. On Sept. 19, the native token, MV, fell to $0.20 before rising to $0.26 on October 2.
After a successful closed beta, the project is now ramping up after the second beta launch Sept. 30. At the end of the event, players will be able to convert the mROND they earned in the open beta into ROND. mROND, the in-game token and an off-chain token that optimizes game performance, is what you will see. Maximum mROND amount that can be withdrawn is 700,000.
The ROND token was also listed on Bybit. This is the first major exchange that has the token. According to a source familiar with the matter, it is “a milestone for us”.
The Genso Metaverse
“It is finally time to present the worldview that we originally intended. Gensokishi extends beyond a game. Gensokishi is just one part of the larger picture – The Genso Metaworld.
According to the GENSO team, the concept of the GENSO Metaverse is to “reunite the world’s top IPs, brands and worldviews from Japan” according to the GENSO team.
The game on which Gensokishi is built, Elemental Knights has been in development for 14+ years. According to CryptoSlate, a person who is familiar with the subject said that it was being developed for 14 years.
“The development company has been in this sector for more than 20 years, so it has connections with Japanese IPs all over!”
The anticipation over the announcement of a new IP as part of the GENSO Metaverse could be driving buy pressure for the token. Positive feedback and more activity have accompanied the GENSO Discord’s rebranding. There is no information available about future partnerships.