Mars4 Leads Innovation in Blockchain With NFT and DeFi Powered Metaverse
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
20 July, 2021,
Metaverses and NFT gaming in the crypto space are very successful and currently the talk of the town with Axie Infinity setting new records in virtual land sales and the likes of Decentraland and Sandbox going from strength to strength. The all new metaverse Mars4 is a virtual world on Mars that allows users to create, experience and monetize content (and applications) and earn passive income through a first of a kind revenue generating Mars Land NFTs (Non-fungible Token). Users can already explore this exact 3D replica of Mars constructed from NASA data, just like on our planet with Google Earth.The NFTs represent land plots on Mars that yield income from the built-in token redistribution and integral DeFi Staking system.
The platform transacts with deflationary Mars$ tokens (Mars dollars) and revenue generating NFTs.
This dual tokenomics is an attractive option for investors as tokens can be consumed to mint yield generating NFTs as well as the built-in token redistribution on transactions, incentives for holding tokens spent for in-world assets and resources.
The NFT market was extremely buoyant in Q2, with Cryptopunks, Hashmasks and virtual real estate on Decentrald and other platforms showing string volumes.
After the cryptocurrency craze led by bitcoin, blockchain has now sparked off a new trend wherein collectors and investors pay thousands of dollars to own pieces of digital art known as NFTs. While the NFTs have been around since 2014, it is only off-late that they have garnered much attention especially with an NFT of work by digital artist Mike Winkelmann being sold for 69 million USD at Christie’s. Some Land NFTs from crypto games are already being sold for profit. For example the Illuvium co-founder Kieran Warwick has sold a virtual land plot in Axie Infinity for 28,000 USD after purchasing it last year for 300 USD, netting a nice 9200% profit.
On Mars4, there is a limited supply of 99,888 unique land plots represented with Mars Land NFTs where one NFT unit equals one unique piece of land on Mars. Just after the Presale round, Crypto enthusiasts will purchase land plots only with MARS$. There is an initial supply of 29.9 billion MARS$ of which will be leveraged to mint the limited supply of NFT land plots.
Mars Land NFTs also reward investors and NFT holders at an accelerating speed just for holding units. This relationship is also directly proportional to the number of transactions that take place on the network. The higher the transaction and its occurrence more will be the rewards distributed. The yield calculator is prominent on their website where you can see your projected income from your Mars Land, and this really captures the imagination as to just how profitable being a Mars Landlord will be.
There are multiple advantages of investing in NFTs.
Besides the irreplaceable (non-fungible) factor attached to an NFT, there are long term value growth prospects attached to any investment.
Moreover, the unique digital signature that every NFT has, creates transparency in the market. Authenticity and chain-of-ownership records on the distributed public ledger can keep your artwork or property on Mars safe.
However, the NFT like every new technology is riddled with its own challenges.
Existing NFTs suggest proof of ownership but do not generate regular income.
In contrast, the Mars Land NFT is a first of its kind revenue yielding system in the Defi world. Not only can traders and NFT lovers possess ownership of land but also earn income in the virtual economy through gamification and terraforming etc.
The value of an NFT depends on how much a prospective investor is willing to pay and therefore a rare crater in demand on Mars4 can drive the price of its NFT.
The rules of the NFT world are different from traditional financial institutions where conventional economic and technical indicators influence stock prices. Henceforth, an investment in NFTs is subject to other determinant risks.
However, Mars4 presents a different kind of assurance of revenue with its unique income yielding NFT. The network is an open source hub like the blockchain technology for content creators, businesses and individuals that are looking for a new artistic medium, opportunity or a source of passive income.
The Mars4 IDO (Initial Dex Offering) is scheduled for September across multiple high calibre Launchpads including Sushi Swap’s new MISO platform.
The Private presale of the MARS$ token (Mars Dollars) is now live with prominent Venture Capital funds like ExNetwork and AngelONE already on board as well as several well known angel investors in the industry including the founders of Illuvium. The private Presale of NFT is now on also, with a 50% discount on Mars Land NFTs compared to the full price. To learn more on how to participate, email the team directly on: [email protected]
So, what are you waiting for? Come be a Martian.