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Spanish Startup Gamium Announces the Sale of Land in its Metaverse

Cryptocurrency Mar 15, 2022 03:30PM ET
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Spanish Startup Gamium Announces the Sale of Land in its Metaverse

  • The Lands or virtual plots of the Gamium interoperable metaverse can be purchased from March 18 and their price ranges from 1 Ethereum (2,360 euros) to 125 Ether (295,000 euros).
  • Users will be able to connect these lands with any web or blockchain application and create their own virtual store, hold social gatherings or celebrate exclusive events.

The sale of land in the metaverse of the Spanish startup Gamium will begin on March 18, according to the company. Initially, a total of 7,531 Lands will be put up for sale spread over several 6 daily sales days, but they will be extended over the coming months.

Gamium is a Spanish startup founded by a team of young Catalan entrepreneurs with extensive experience in the Web3 ecosystem. For this project, the company raised $2.7 million in a funding round led by the Web3 project accelerator, DAO Maker.

To buy land in the metaverse of the Spanish firm with offices in Barcelona and Bali, users can directly access the company’s website or do so from some NFT buying and selling platforms such as OpenSea, which has also made these plots available .

Gamium interoperable metaverse usability

“A Land is a virtual terrain within the Gamium metaverse. In it, companies or individuals will be able to create digital experiences for the rest of the users that will populate this virtual world, such as organizing concerts, mini-games or exclusive events”, Gamium indicated through a press release sent to DailyCoin. These spaces will also serve for future owners to build virtual stores to sell NFTs or products and services from the physical world. Likewise, they will be able to carry out digital art exhibitions or design activities, including escape rooms or a laser tag game where several avatars participate.

The plots of the Gamium metaverse, based on blockchain technology, can be connected to any internet or blockchain application, to offer immersive experiences in a 3D environment. These plots can be rented or arranged to place advertisements in order to monetize them.

"Basically, the Gamium Lands are the point of union between existing applications and a gamified 3D environment", explains the Co-CEO of Gamium, Alberto Rosas. "This allows us to create much more immersive experiences around applications that we use in our day to day. In addition, this environment is built on a native economic layer, capable of also transmitting an economic value in social interactions," he added. Each Land is an NFT that is properly georeferenced in the Gamium metaverse and has different sizes. The common characteristic of the plots is that they are rectangular in shape. The smallest plot measures 256 virtual m2 and costs 1 Ethereum, but there are larger ones whose price reaches 125 Ethereum (295,000 euros).

Gamium’s Diverse Metaverse

The virtual world of Gamium is made up of the central city, called Genesis, and 10 outer Neighborhoods. In Genesis, the experiences of the physical world are replicated in a virtual world. The city has several predefined buildings such as a virtual museum, a multipurpose stadium, a decentralized finance (DeFi) center, a shopping center and even a virtual university.

Each Neighborhood has its own characteristics since it has its own theme and a particular architecture. The designs were created by artists and architects specializing in 3D models, including urban designer Firas Safieddine.

Based on these predefined architectural styles and designs, owners can build buildings on their land or create their own properties, through the tool provided by Gamium. The first Neighborhood is called SAT after the creator of Bitcoin, Satoshi Nakamoto.

The plot owners have the right to speak and vote in the assemblies where decisions are made about the future of the Neighborhood. The Gamium metaverse will have a total of 65,536 Lands for sale starting March 18. The company indicated that the sale of the land will be done gradually over the coming months.

"I think that what we will find most in the Lands will be mini-games, integrations of online stores and decentralized finance apps," Rosas said. "But you never know, in the end what we do is provide the infrastructure and tools so that the owners of the Lands can build whatever they want," he said. To buy a plot, the interested parties must have a non-custodial wallet, such as Metamask, that allows them to interact with the respective smart contracts of the virtual land. They can also be purchased on the OpenSea NFT trading platform.


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Spanish Startup Gamium Announces the Sale of Land in its Metaverse

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