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Gaming Community Pledges $203M in Ember Sword’s Virtual NFT Land Sale

Practically 35,000 members of the gaming group have collectively pledged greater than $203 million to buy digital plots of land within the on-line world of Ember Sword, an unreleased play-to-earn massively multiplayer on-line role-playing sport (MMORPG).

Shiny Star Studios, the sport’s Danish developer, will type by means of the functions earlier than selecting profitable candidates to buy the 6,000 plots of land out there within the Solarwood Nation, one in every of Ember Sword’s 4 digital worlds. 

Proudly owning land in Ember Sword provides players the chance to share in buying and selling charges and earn Ember, the sport’s ERC-20 token, from financial exercise on and round their digital plots of land.

Ember Sword, which plans to launch pre-alpha testing for digital land homeowners and choose group members later this 12 months, is following within the footsteps of different play-to-earn blockchain-based video games like Axie Infinity which are revolutionizing on-line gaming. 

“We’re working to develop a player-driven financial system that enables players to earn rewards and earn a living by means of in-game actions, together with the creation of distinctive, tradable NFT gadgets,” Ember Sword CEO Mark Laursen mentioned in a press release. 

Shiny Star founder Loren Roosendaal estimates that 70%-80% of functions for the NFT land sale got here from particular person players, however teams together with Twitch streamers, digital actual property corporations, and decentralized autonomous organizations (DAOs) like Yield Guild Video games accounted for the remainder.

Ember Sword’s most up-to-date land sale comes after a $1.5 million sale in Could, which Roosendaal advised CoinDesk struggled with technical challenges after demand exceeded Shiny Star’s expectations. 

In Could, Shiny Star raised $2 million in a funding spherical with participation from Coingecko Ventures, Delphi Digital, Animoca Manufacturers, and others. 

Roosendaal advised CoinDesk that the funding can be used to additional the event of Ember Sword and rent extra employees. 

Source: CoinDesk


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