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A video game creator has raised a record-breaking amount of money in a token sale, even though the sale is being criticized for being a scam. The creator of the game, John Hui, raised $203 million in his “Ember Sword NFT land” sale, which he calls the largest token sale in history. The game is set to be released in February 2019.
- $203 million has been committed to purchase virtual property plots in Ember Sword.
- Individual players submitted 70% to 80% of the applications.
- Gamers may earn Ember, the game’s ERC-20 cryptocurrency, by buying.
Over $203 million has been committed by over 35,000 players to purchase virtual plots of land in the digital realms of Ember Sword, an unreleased video game.
Individual gamers and groups like as Twitch broadcasters, virtual real estate companies, and decentralized autonomous organizations (DAOs) such Yield Guild Games made up 70 percent to 80 percent of applications for the non-fungible token (NFT) land auction, according to Bright Star creator Loren Roosendaal.
Furthermore, buying and holding virtual land in Ember Sword allows players to participate in trade costs. They may also earn Ember, the game’s ERC-20 token, by engaging in economic activities on and around their virtual land plots.
Mark Laursen, the CEO of Bright Star Studios and Ember Sword, said,
“We are striving to create a player-driven economy that enables players to earn prizes and earn money via in-game activities, such as the production of unique, tradable NFT items,” says the company.
As a result, Bright Star Studios, the game’s Danish creator, will categorize applicants based on their applications before choosing candidates for the 6,000 land plots available in the Solarwood Nation. One of the Ember Sword’s four virtual worlds is Solarwood Nation.
The selling of land is now the second option in the Ember Sword MMORPG (Massive Multiplayer Online Role-Playing Game). The community’s participation in the sale for a game that has yet to be released drew almost 14,000 applications. Alpha testing isn’t anticipated until the following year.
In addition, large sums of money are spent for virtual plots of land in different crypto virtual worlds. Consider what is to come. There are just a few successful blockchain games out there now.
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