MetaGround is a real estate based NFT metaverse P2E platform, in which buying apartments in Gangnam can be made in metaverse.
MetaGround has previously used the Klaytn-based KAPT token as the governance token. KAPTs have been used to purchase NFT cards in the MetaGround platform, and received as s reward for holding NFT cards. A certain percentage of rewards have also been received with KAPTs whenever a recommender makes a payment.
The MetaGround team has been hoping that not only will the value of the NFT card itself increase, but also users will be able to enjoy real estate investments in a virtual world and receive rewards while holding NFT cards and using the platform.
Until now, Klaytn-based KAPT has been loved a lot, but many changes in KAPT have occurred due to the volatility of the Klaytn price. It was determined that it would be more reasonable for the project to switch to the Ethereum network with higher global scalability than the Klaytn Network, and it would be good for the ecosystem expansion. Therefore, MetaGround team decided to issue Ethereum-based APT tokens and swap the existing KAPT to APT. 300 million APT tokens were issued based on the Ethereum network to increase the value of the project.
MetaGround has transitioned from the Klaytn mainnet chain to the Ethereum network.