Crypto Shuttle News

Tag: selling

  • The World’s First Virtual Mars NFTs Are Selling Rapidly

    The World’s First Virtual Mars NFTs Are Selling Rapidly

    [ad_1]

    Mars4 is a multi-tiered project that combines NFTs, Crypto and an immersive survival game together that will provide a window to a virtual Mars and a broader range of investment opportunities via the world’s first revenue-generating NFT.

    The sale of Mars4 NFTs raised over $250K in a day and saw land plots sell swiftly via the Epoch System.

    Epochs: Tiered Crypto Returns

    Mars4 NFTs represent geographically-exact plots of land across the face of Mars, created with data from NASA and other space agencies, to be fully realized in modern 3D graphics. The Mars4 NFTs are released as part of the Epoch system that uses a scarcity model to establish its pricing.

    The Epoch system is a tiered system that rewards investors in stages, offering better returns the earlier one decides to invest. To familiarise potential investors with the Epoch system, below the Epoch system is detailed in greater depth:

    Investors who have purchased Mars4 land NFTs during or before the current Epoch (Epoch 1) will receive 51% of the earnings of the next Epoch (Epoch 2), redistributed in Mars4 Tokens (‘Mars4 dollars’) in one lump sum after the NFTs under that Epoch are sold.

    The Epoch System extends from Epoch 0 to Epoch 5 with each Epoch containing a fixed range of NFTs. After an Epoch ends, income generated from that Epoch is always redistributed to NFTs owners who invested in any and all previous Epochs. This system is applied throughout, providing greater returns to investors who hold earlier Epochs.

    With over 56,000 NFTs sold, only around 3,000 NFTs remain before the Epoch’s first stage redistribution kicks in. Once Epoch 2 is reached, investors holding the NFTs sold prior to Epoch 1 will receive 51% of the income from Epoch 2’s NFT sales in Mars4 dollars.

    Integrating Mars4 Tokens: A Virtual Economy

    Mars4 will be integrating both the Mars4 Token and the Mars4 NFT Land into the upcoming survival game set on the red planet, bringing an entirely new aspect to the investment value of Mars4 NFTs and creating an NFT that can generate revenue for its holders.

    Each NFT Land sold is a virtual location that the game is set in, allowing holders and players to make use of their own personal space on Mars. This Metaverse will feature survival and colonization mechanics and reward landowners that build up thriving communities within their NFT land plots and provide returns in Mars4 Tokens for both player and investor.

    In addition, the game will make use of the Mars4 Token as its core currency, building an entirely virtual economy that ties the Mars4 NFT to its own convertible token and allows players and investors to create real-world wealth on a virtual Mars.

    Conclusion

    As each Epoch of Mars4 is reached, the previous Epoch investors will continue to receive redistributed Mars4 Tokens, meaning that the best time to invest and benefit from the Epoch system is always now.

    [ad_2]

    Source link

  • 22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea

    22-year-old Indonesian boy makes $1M by selling NFT selfies on OpenSea

    [ad_1]

    An Indonesian college student has reportedly become a millionaire by selling nonfungible token (NFT) versions of his selfies on the OpenSea NFT marketplace.

    Sultan Gustaf Al Ghozali, a 22-year-old computer science student from Semarang, Indonesia, converted and sold nearly 1,000 selfie images as NFTs. According to Ghozali, he took photos of himself for five years — between the ages of 18 and 22 — as a way to look back on his graduation journey.

    Ghozali selfies were taken sitting or standing in front of his computer, which was later converted into NFTs and uploaded to OpenSea in December 2021. The artist set the price for each NFT selfie at $3 without expecting interest from serious buyers. While monetizing his expressionless images, Ghozali said:

    “You can do anything like flipping or whatever but please don’t abuse my photos or my parents will very disappointed in me. I believe in you guys so please take care of my photos.”

    Ghozali’s OpenSea profile. Source: OpenSea.

    Going against his wildest expectations, Ghozali’s NFT offering blew up as prominent members of Crypto Twitter showed support by purchasing and marketing the offerings.

    With the rising popularity, one of Ghozali’s NFT sold for 0.247 Ether (ETH) on Jan 14. worth $806 at the time of purchase, according to AFP. The young entrepreneur also adds a touch of personalization by providing some background information along with the selfies, which adds to the rarity of the NFT.

    At its peak, Ghozali’s selfie NFTs sold for 0.9 ETH, worth roughly $3,000, according to a Lifestyle Asia report. Ghozali’s collection subsequently reached a total trade volume of 317 ether, equivalent to more than $1 million. The young artist also made his first tax payment on the basis of this income through OpenSea.

    Related: NFT sales and blockchain games continue to grow despite the recent market slump: Report

    Despite the recent sluggish performance of the overall crypto market, the NFT marketplace and blockchain gaming industry continues to record high transaction volumes.

    As Cointelegraph reported, DappRadar data shows that the number of UAW connected to Ethereum NFT DApps grew by 43% since Q3 2021. In addition, the money generated by NFT trading went from $10.7 billion in Q3 2021 to $11.9 billion in the first ten days of 2022.