Somnium Space offered 110 Ethereum (ETH) value of virtual land plots all through the primary seven days of its multi-week affair.
“During the first week of Road to SLO we have sold a total of 25 parcels for 110 ETH,” a Somnium consultant informed Cointelegraph. “Moreover we have seen a record high sale of a Bundle of 10 parcels from one user to another for whooping 100 ETH.”
Last week, blockchain-based VR game, Somnium Space, finished the primary week of its Road to Secondary Land Offering, a March 13 observation detailed. During this match, the startup sells 25 virtual land parcels every week, for 10 weeks in a row, main as much as its Secondary Land Offering (SLO).
Somnium will unveil the date for its SLO, anticipated within the latter part of 2020, after the Road to Secondary Land Offering ends on May 28.
The VR outfit noticed booming gross sales in October
Somnium offered 20% of its to be had land all through its Initial Land Offering (ILO), in October 2019, receiving $200,000 general for the virtual land, the observation printed.
As a part of its 10-week match, Somnium provides 25 land parcels each and every Thursday in a Dutch-style public sale – a kind of bidding battle that begins with top costs, reducing the be offering till somebody takes the bait and makes a purchase order.
Somnium places the budget into building
The VR company places a big portion of its raised budget again into the platform. “Somnium Space always uses the vast majority of community raised funds toward development and making our platform even better,” the Somnium rep stated, including:
“We are rolling out new features weekly such as the release of our complementary 2D non-VR mode, live audio streaming and zones for Builder, Oculus Quest standalone app development and much more.”
The consultant additionally discussed Somnium is lately “compatible with all PC VR headsets.”
The rep additionally defined that handiest five,000 Somnium land parcels exist. Somnium’s land naturally boasts useful resource shortage, which prevents the platform from arbitrarily increasing its realm with new land advent.
Blockchain-based virtual reality and its related land gross sales appear to be an up and coming fad inside the trade. Decentraland, an ICO from 2017, noticed users pay $1 million for virtual land in February 2020.