Tomorrow, October 18, Metaverse Thailand will be kicking off its first land sale! This means that users will have an opportunity to buy land from an actual map in the heart of Bangkok and become landowners in the Ekkamai area.
According to the website, Metaverse Thailand is one of the projects of ‘A-Plus Fintech Pte. LTD. marketed by a Singapore company. The project prides itself on being a virtual world that blends aspects of digital technologies.
Inside Scoop on Metaverse Thailand’s First Land Sale
Metaverse Thailand is selling the lands in small ‘blocks,’ 40×40 meters per block to be precise. Each bock has a starting price of 3 BUSD per or 300 MVP Coins. This is such a small amount compared to the going rates on other platforms selling virtual lands like The Sandbox and Decentraland. Participants can buy from one to one hundred blocks per transaction. Notably, the team will run the land sales in three rounds per day at 12.00 pm, 5.00 pm, and at 9.00 pm (GMT+7), Bangkok Time. Each round will last for only 15 minutes to create a sense of urgency.
After the first land sale, the team will focus on realizing its vision to allow users to participate in a play-to-earn economy. Moreover, the project offers decentralization, asset management inland trading, self-governing digital ID, crypto for trade, NFTs and the use of spatial from the real Thailand map. So if you decide to purchase some land, you’ll have a lot to look forward to.
Furthermore, the Binance- Smart-Chain-run project asserts that they offer a layer 2 world, delegating the real-world as layer 1. The benefit of this is that layer 2 has enough space to accommodate more people who want to own land in this universe. Essentially, Metaverse Thailand aims to become a golden location as its value continues to grow, showing demand-supply traits similar to real land.
So if you want to be one of the first landowners, make sure you visit the project’s website!