On Wednesday Cryptovoxels sold out all apartments and land parcels for its new island Ceres in a few hours. No matter how many parcels Ben Nolan is releasing for its virtual world Cryptovoxels, investors and creative enthusiasts keep buying the parcels without any hesitation. Highlighting the demand for virtual land is still very high.
Nolan named the newly launched island group Ceres, which for example offers a small private island, regular land parcels and two tower units. In total he sold 91 units for an estimated amount of 19 thousand dollars. However, one unit is still in auction. Within two days someone will buy the private island Little Ceres in a classic auction. Currently the highest bidder offers 6 ETH for the small private island.
Nolan will be releasing more island in the weeks or months to come. Last week he launched Proxima, the first island the offered vertical units. Generally these are cheaper than land parcels, but still people are prepared to invest in these virtual properties. Including this week’s sale, Cryptovoxels registered over 238 ETH in trading volume on Opensea.
What is Cryptovoxels?
Cryptovoxels is best compared with games like Minecraft, in which players get to build all kinds of things. However, where Minecraft is purely a video game, Cryptovoxels allows for all kinds of utilities. Currently this virtual world is often home to virtual reality conferences and computer-generated art. On top of that users have true land ownership in this world, secured by the Ethereum blockchain.
Land value in Cryptovoxels has increased tremendously in the past two years. Ben Nolan started developing his virtual world in 2018, and had a difficulty selling the land parcels he offered on a weekly basis. Last month he reached a milestone as gamers, artists and investors have bought all land parcels in Origin City. Nolan accumulated over one million dollars with his blockchain project.
Anybody can visit Cryptovoxels, from any device. Once they for example connect their Metamask wallet to the game, users can register user names, buy wearables, or even acquire a land parcel. Nolan also had a lot more ambitions for Cryptovoxels, more about that here.
More interesting Cryptovoxels articles:
- Cryptovoxels as COVID-19 safe zone for business meetings
- Interoperability between virtual worlds one step closer
Also published on Medium.