An anonymous cryptocurrency trader spend $2400 in an auction for a one-of-a-kind virtual gun for the first person shooter Dissolution. The winning bid was 13.3 ETH according to data from online marketplace OpenSea. The cryptocurrency trader and gaming enthusiast won the auction for the ‘Got Tier’ MAR-4 weapon, a.k.a. the Wrath of Seth, over the weekend.
One day before the auction would end, the cryptocurrency trader moved 20 ETH from his Binance account into a new Ethereum wallet. He used the money to make a serious bid for the gun, but didn’t need to spend it all. He spend only 13.3 ETH.
Dissolution is a free-to-play online shooter that’s now available on Steam. The game is build on the Enjin blockchain, allowing gamers ownership over in-game assets. On the Enjin marketplace gamers can buy weapons, items and protective armor. Earned weapons and gear can also be sold on this marketplace.
The game takes place in an universe where an artificial intelligence has taken over. While humanity is on the brink of extinction, armies have popped up to fight the robots. As a result players need to compete for resources and territory. The game supports PVP and PVE battles, and the rewards can have real-world value.
Auctioning in-game assets getting more common
Game developers who embrace blockchain technology are likely to use these type of auction to generate a budget for the development of their game. This was Crypto Space Commander sold 135 thousand dollars worth of Star Trek themed space ships. This game is already playable and can be found on Steam as well.
In addition Animoca Brands has been selling in-game assets for upcoming games. Last month they sold an in-game car for the Formula 1 racing game F1 Delta Time for $16.500. While they sold their first in-game asset for the racing game for $110.000 back in May.
Instead of generating money through crowdfunding on Kickstarter, this is a new way to generate an income. Because these sales are for an actual digital product and not for tokens, these auctions won’t be investigated by the Securities and Exchange Commission. This is something that does happen to companies that sold tokens their an initial coin offering (ICO) during the 2017 and 2018 cryptocurrency hype.
Also published on Medium.