MARS4 Metaverse, the world's first virtual Mars NFTs, raised more than $250,000 in one day after they went on sale.
Mars4 Metaverse NFTs are selling quickly, raising over a quarter of a million dollars in less than 24 hours in a private metaverse auction.
The NFTs, of which there are 888 rare pieces, were listed on Bittrex Global a few days ago.
The Mars4 Metaverse NFTs are modeled to represent geographically precise plots of land across the surface of Mars.
The NFTs have been constructed using NASA data to be the "Mars equivalent of a 2001 Google Earth 3D map," according to the Mars4 website.
The pricing of the Mars4 NFTs was established using the scarcity model utilized by the Epoch system — a tiered system that rewards investors the earlier they decide to invest.
Mars4 Metaverse in its totality is a multi-tiered project that combines NFTs, crypto, and a virtual reality Play-to-Earn (P2E) metaverse that lets users earn and spend Mars4 dollars.
"Mars4 is a GameFi ecosystem where you can explore a virtual Mars Metaverse, own and terraform your land via the survival strategy game – experiencing the world as a Mars NFT landlord or as an adventurous astronaut," said Richard Berno, CEO at Mars4.
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The core team at Mars4 consists of former and current employees from companies like PwC, LinkedIn, Salesforce, and Swedbank.
Additionally, two of the Mars4 core members were on the team that helped create and launch the first marketplace on Second Life — considered by many to be the original metaverse.
"The Mars4 metaverse is designed to take full advantage of the Ethereum blockchain and of virtual reality technology, with in-depth and detailed views of the virtual world of Mars," said Stephen Stonberg, CEO at Bittrex Global.
"It has been created by a team of passionate metaverse enthusiasts whose goal is to grow the community while keeping it exciting and fun. We are very pleased to have them list with us," he added.
In other news, a federal antitrust case against Meta, the company formerly-known as Facebook, has been given the go-ahead.
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