At the end of January, Cryptheory reported that the Play-to-Earn (P2E) metaverse Mars4 raised over $250,000 in one day by selling its NFTs. But is it worth investing in the project?
What is Mars4?
The Mars4 protocol is a P2E metaverse that includes a virtual reality component that allows users to explore and colonize the terrain of Mars.
According to the team behind the project, the virtual topography of Mars4 was modeled using data collected by NASA.
In this virtual world set on the red planet, users can buy plots of land that they can then browse, build and monetize.
Within the game, the Mars4 token plays a key role, acting as a means of utility and currency for the game’s economy. The token is available for trading on MAXC, Bittrex Global and Sushiswap.
At the time of writing, the crypto asset is trading at $0.01478, according to data from CoinMarkeCap.
According to the developers, each transaction facilitated by Mars4 tokens will result in an income for NFT Mars4 holders.
In addition, the metaverse has a collection of rare NFTs that will be sold exclusively in auctions held in the metaverse. These rare NFTs are categorized according to terrain characteristics.
Mars4 has two valleys – Unicorns and Crypto – where users can search for land with project names and well-known influencers.
As Richard Berno, CEO of Mars4, stated, the platform consists of a GameFi ecosystem where you can explore Mars virtually.
Also, it is possible to own and reform the lands through the survival strategy game, “experience the world as a Mars NFT owner or as an adventurous astronaut”, added Berno.
Mars4’s core team is made up of professionals with experience in companies such as PwC, LinkedIn, Salesforce, Swedbank. In addition, two of the team members helped build and launch the first marketplace in Second Life.
Is it worth investing?
Who analyzed the Mars4 project in detail was the investor and co-founder Liqi Digital Assets, Felippe Percigo. He said that we may be facing a good opportunity for a metaverse.
Felipe Escudero, founder of the BitNada channel, said in a recent publication that the project is cool, even if it’s just to “walk” around Mars.
The cryptocurrency expert further noted that the interesting thing about the project is that the land is generating passive income. That is, for every 10,000 NFTs sold, 51% of the profits are divided between the owners of the NFTs.
At the time of this writing, 56,584 Mars Land NFTs had already been sold. Also, there are only 3,416 NFTs left until the price increase. Currently, each plot of land costs $578.