Danish developer Bright Star Studios announced that 34,791 community members of its game, Ember Sword, have collectively pledged $203,784,720 towards in-game land purchases during its first-ever NFT community land sale.
Following the company’s successful open land sale in May, Bright Star opened an additional 6,000 land plots for sale in the Solarwood Nation, focusing on providing opportunities for land ownership to the most passionate members of the community.
During the initial sale process, users had to explain how much they were willing to pay for land as well as how they would operate their plot when the game was live. This means that sale won’t raise $203 million as the land will have been over-subscribed many times.
The announcement comes on the heels of a $2 million investment into the company in May 2021.
“We are working to develop a player-driven economy that allows gamers to earn rewards and make money through in-game activities, including the creation of unique, tradable NFT items. The massive success of this land sale is a testament to the excitement that the gaming community has around our mission,” says Bright Star Studios CEO Mark Laursen.
“Owning land in Ember Sword allows gamers to share in trading fees and other game services within the game world, leveraging Ethereum to empower community members through democratizing the game economy. We see this as the tip of the iceberg for a new monetization model and way to empower players and artists.”
Applications will be reviewed until the end of August, when the winning applications will receive an email with details to complete the purchase. The land will be distributed via blockchain to the users’ digital wallets by 17 September.