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After Meta’s announcement in late 2021, the whole crypto gaming and Metaverse industry exploded. Virtual land-based projects garnered much interest. It’s incredible what you can do with a piece of digital real estate – you can hold events, design it, or rent it out.
People have been requesting purchases of NFTs on Polkastarter for a long time, and now they can! The NFT sales platform is now operational. Individuals can devote funds to various estate sizes of virtual land and then claim their desired offerings on the project’s website.
Meta is pleased to announce that their first NFT sale will be in conjunction with Cryptoverse – a metaverse built on top of the current ChainGuardians ecosystem.
Meta will be conducting an NFT land sale for Cryptoverse, which ChainGuardians should be familiar with. They began as a Polkastarter project in 2021 and quickly became most successful.
What exactly is the Cryptoverse?
Cryptoverse is a three-dimensional metaverse embedded within the ChainGuardians ecosystem. Using ChainGuardians’ currency, $CGG, enables users to create, own, and monetize unique experiences. This token also serves as the foundation for the ChainGuardians and ChainBoost ecosystems. The Cryptoverse’s virtual region may be acquired, rented, or sold using the non-fungible token (NFT) LAND.
The Cryptoverse was created in Unreal 5 and is powered by blockchain technology.
Users can utilize the Ethereum blockchain to establish their ownership of land. While the cost of gas may be prohibitively high, Cryptoverse chose ETH for its security and dependability. However, this does not mean that NFTs will be limited to the Ethereum blockchain. The Cryptoverse is the first Metaverse project to make multi-chain functionality a priority.
What information is required for the Cryptoverse NFT sale?
Cryptoverse will provide six different real estate products:
Epic Giant Large Medium Small Single
This sale will be unique compared to most NFT land transactions. Customers will not be purchasing individual chunks of the land but rather Estates comprised of one or more parcels (the average size of a particular field is 56mx56m).
These estates will be randomly situated on one of Cryptoverse’s eight territories:
- The Hub
- Game & Entertainment
- High Culture
The sale will begin on March 8th, 2022, and is available to the public.
Throughout the application procedure, one can select preferred estate offers to join the allowlist. Before the live land auction, participants must prepare their wallets with the necessary amounts for allocation.
At the time of purchase, consumers will not be allowed to select the actual location of the land. That would occur later when they mint their allotment on Cryptoverse’s platform when they would have the option of choosing a Zone.
Meta also gives some further good news for POLS investors, stating that they would first access the transaction.
The NFT will sell land in three stages:
It will initially be available only to POLS holders.
Then, individuals who applied without a POLS will be eligible to participate, and eventually, it will be accessible to anybody if the land remains available.
The sale will take the following form:
It will accept applications.
Allowlisted people can distribute monies to the estate size they have selected.
They want to mint their NFTs on Cryptoverse’s website.