Smart wallets push VerseWorld's governance and utility token to the top ranks moments after launch.

VerseWorld, the hyper-realistic metaverse fusing real-world culture with immersive digital experiences, has launched its native token, VERSE

portion of code from an article from prweb.com

Despite launching in the midst of a dynamic market shift with several major cryptocurrencies undergoing substantial changes in a short period, new Solana-based token VerseWorld has hit the top 5 crypto on SmartMoney within 12 minutes of launching on Pump.fun.

Launching with a market cap of over $1 billion and quickly ranking #1 in SmartMoney purchases by 22:40 Dubai—only 10 minutes after opening for trading—VerseWorld’s token is used for the hyper-realistic metaverse fusing real-world culture with immersive digital experiences.

The rapid response to the token launch comes as several major tokens saw significant shifts in a short time period. After 18 months at the top of SmartMoney’s top 10, SHIB has dropped out of the top 10 on SmartMoney completely, while PEPE saw a swift rise in recent weeks before also dropping out of the top 10 shortly after.

After launching in 2023 with a focus on meta-monks and a playful take on the metaverse, the creators of the popular Solana-based token are now pivoting toward broader cultural integration in their metaverse platform.

Focusing more on a decentralized ecosystem of virtual experiences, real-world brand activations and community governance, VerseWorld’s token is the focus of a new chapter in their global expansion, which has seen them partner with Toyota, Lexus and Dubai Police for branded experiences on their platform, in addition to being covered by Cointelegraph for bringing a hyper-realistic metaverse to the Epic Games Store.

“Too many metaverses promise immersion and deliver pixels. We’re changing that,” said Mickael Reignier, Co-Founder and CEO of VerseWorld. “VerseWorld is where reality meets imagination, and VERSE is the fuel that powers it all.”

The token, which also powers in-game transactions, staking and governance, creator economy incentives and discounted marketplace fees, is detailed further in the official litepaper. It is also supported by professional market-maker Selini Capital and notable investors including Gerard Lopez (Genii Capital, Mangrove Capital).

“Our goal? Build a metaverse people actually use,” added Reignier. “No hype. Real engagement. Real rewards. Real-world impact.”