Upland is an EOS-based property trading game that is scheduled to go live in 2020. Upland: A Monopoly-Like Property Trading Game Source: Upland, PR Newswire However, it’s hard to say exactly how this is affecting prices, as auctions are by invite only. Supply and demand are not the only factors that affect land prices: in-game activity affects prices as well. NeoWorld has flexible scarcity: it started with seven continents, each with 40,000 land parcels, but the community can vote for more. Ultimately, virtual land trading takes a backseat to in-game commerce, powered by its NASH token. It describes itself as an MMO game, and as such, it puts a heavy emphasis on virtual “work.” Players can collect resources, do jobs, and earn skills. NeoWorld is primarily based on Ethereum, despite its name. NeoWorld: A Blockchain-Based MMO and Virtual World Source: NeoWorld That’s fairly impressive for a year-old project with little hype. Surprisingly, CryptoVoxels’ land parcels cost about half as much as those on Decentraland: right now, the cheapest plot of land costs 0.7 ETH, or $150. Virtual land in CryptoVoxels is somewhat scarce: the world is growing fast, but it won’t get any bigger than 36 x 18 kilometers. However, CryptoVoxels’ simplicity also gives it one big advantage: you can visit it right now. The app takes inspiration from Minecraft in all of its minimalist, blocky glory. Much like its counterpart, it represents virtual land with Ethereum-based NFTs, but its visuals are much more basic. However, Decentraland has imposed scarcity on its land supply, which could keep prices high: in December 2018, there were just 9000 LAND tokens left to be claimed, and this should encourage users to trade existing virtual land.ĬryptoVoxels: A Minecraft-Like Virtual World Source: JOY! Park, CryptoVoxelsĬryptoVoxels is a stripped-down version of Decentraland. Since Decentraland trading is currently speculative, virtual land prices could collapse when the world goes live. Even though Decentraland’s world explorer hasn’t gone live yet, property will still cost you quite a bit: right now, the cheapest land sells for 10,000 MANA ($350), which is Decentraland’s in-world asset. Here are five projects which are attempting to create lasting and vibrant virtual worlds: Decentraland: The Leading Blockchain-based Virtual World Source: Decentralandĭecentraland is the most significant project of its type: with stylish cel-shaded graphics and upcoming VR support, its properties are in high demand. Blockchain-based gaming can be a tough sell, and nobody wants to buy homes in a digital ghost town. There’s a lot of hype surrounding these projects, but most of that hype is limited to crypto enthusiasts. Other systems are used to generate the digital world, but the land economics are entirely based on crypto and blockchain. Each NFT represents a parcel of virtual land that users can buy, sell, and trade. This is an ambitious use case for non-fungible tokens: the non-interchangeable assets which form the building blocks of CryptoKitties and other blockchain collectibles. Since then, Second Life has gone the way of MySpace-but now, several blockchain-based games are trying to breathe new life into the virtual world genre. Players could buy their own land, customize it, and explore the world. When Second Life went live in 2003, it became a pioneer of virtual property.
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