Mars4 metaverse announced that the sale of its NFTs raised over $250,000 in one day and the land on the platform sold quickly.
The NFTs on Mars4 represent geographically exact terrain on the face of Mars. They were created with data from NASA and other space agencies to be rendered virtually in 3D graphics.
Additionally, NFTs are launched as part of a system called “Epoch” that uses a scarcity model to set their prices.
The Epoch system is a tiered system that rewards investors in stages. They get better returns the sooner they decide to invest.
Thus, investors who purchased Mars4 Land NFTs during or before the current Epoch (Epoch 1) will receive 51% of the earnings from the next Epoch (Epoch 2), redistributed in a fixed amount after the NFTs from that phase are sold.
As the game team highlighted, the Epoch System spans from Epoch 0 to Epoch 5 with each containing a fixed range of NFTs. After an Epoch ends, the income generated from it is always redistributed to NFT owners who invested in any and all previous Epochs.
The virtual economy of the game will integrate both Mars4 Token and Mars4 NFT Land into a survival game set on the red planet.
According to the developers, each NFT Land sold is a virtual location in which the game takes place. This allows keepers and players to make use of their own personal space on Mars.
“This Metaverse will introduce survival and colonization mechanics and reward landowners who build thriving communities on their NFT lands and provide returns in Mars4 Tokens for players and investors,” the project team highlighted.
In addition, the game will make use of the Mars4 Token as a native token for purchases and rewards within the platform.