Africarare, hailed as Africa’s inaugural metaverse, is on the verge of introducing its virtual currency, the $Ubuntu Token, poised to become the primary medium of exchange within the metaverse’s virtual marketplace.
Crafted by Mann Made, a Johannesburg-based innovation company, Africarare stands out as a 3D virtual reality immersive hub, driven by artificial intelligence (AI) and operating on the Web3 platform. This groundbreaking metaverse facilitates connection, collaboration, and e-commerce interactions among individuals, brands, and communities.
Positioned as the next frontier of social connection, the metaverse encompasses an expansive online realm where digital avatars enable people to interact. Africarare’s distinctive 3D virtual reality environment unfolds in Ubuntuland, an African virtual world that seamlessly integrates creativity, cryptocurrency, and commerce.
Mann Made, a leading technology and innovation company, unveiled Africarare in 2021 as Africa’s premier metaverse. At its core, Africarare hosts virtual lands and pioneers Ubuntuland, an AI-powered Web3 platform that delivers immersive virtual and augmented reality experiences, along with collaboration, connectivity, and e-commerce services.
A noteworthy feature within Africarare is the Ubuntuland meeting room, allowing teams to subscribe and reserve virtual spaces for meetings, offering a unique and fee-based virtual team meeting experience.
The metaverse’s official currency, $Ubuntu Token ($UBUNTU), operates on the Polygon chain, boasting a total supply of 1,000,000,000. Distribution plans allocate 2.5% to the Treasury, 2% to Staking Rewards, and 0.5% to the Charities Treasury. Importantly, when users engage in $UBUNTU transactions on Africarare, 1% of the 5% transaction fee contributes to the platform’s overarching goals.
Ubuntuland boasts numerous individual and corporate landowners, including renowned brands such as Nedbank, Primedia, Singularity Group, HAQQ Network, Mann Made, and Cyberkongz. These entities have collectively witnessed over 20,000 hours of user engagement, amassing a total of more than 90,000 registered users and social media community members.
The official launch date for Africarare’s $Ubuntu Token is set for February 29. Described as the lifeblood of Ubuntuland, $Ubuntu Token will enable seamless buying, selling, and trading within the metaverse’s virtual marketplace. Beyond transactional functions, the token will play a pivotal role in governance and operational aspects within Africarare’s expansive metaverse landscape.
Mic Mann, CEO of Africarare, underscored the transformative potential of $Ubuntu Token, highlighting its role in providing metaverse visitors access to diverse realms of entertainment, education, and art. Beyond its utility, the token reflects a commitment to community upliftment, with 10% of all transaction fees directed to the charity treasury. The funds will support initiatives such as Drops of Life and Innovation, focusing on clean drinking water and tertiary education opportunities at the Maharishi Institute.
As the global metaverse market anticipates substantial growth, with a forecasted CAGR of 39.8% to reach $996 billion in 2030, Africarare’s innovative approach positions it as a frontrunner in Africa’s burgeoning metaverse landscape. With continuous growth since its alpha launch, Africarare envisions the future with an upcoming AI Builder, empowering landowners to create AI avatars for enhanced customer experiences.
As the metaverse journey unfolds, Africarare remains committed to driving adoption in Africa through educational initiatives and informative content dissemination, contributing significantly to the region’s virtual economy.
