One interesting type of project that has emerged over the months months involves the rendering of physical locations as NFTs. This has been done for landmarks all across the world and has garnered a significant amount of attention. Case in point, blockchain gaming company Affyn announced the sale of NFTs that represent real-world locations in Singapore as part of its NEXUS World metaverse. As a result, the project achieved a great deal of success, with all 2,000 NFTs selling out in just over 2 hours.
The Metaverse Comes to Singapore
According to Affyn, the NFTs represent hexagonal tiles matched to locations using mobile geolocation technology. These hexagonal tiles then have different levels of rarity which influences everything from their appearance to the microclimate in these ‘locations’.
🏙️ 𝗪𝗔𝗩𝗘 𝟬 𝗦𝗜𝗡𝗚𝗔𝗣𝗢𝗥𝗘
🚀 𝗦𝗢𝗟𝗗 𝗢𝗨𝗧❗❗❗An overwhelming success! 🤩
🔥 𝟮𝟬𝟬𝟬 𝗟𝗮𝗻𝗱𝘀 𝗶𝗻 𝟮 𝗛𝗢𝗨𝗥𝗦 𝟵 𝗠𝗜𝗡𝗨𝗧𝗘𝗦 🔥
Next up: 𝗪𝗔𝗩𝗘 𝟭. 🙌
Stay Tuned. 😉#NEXUSWorldLandCityLaunch #Wave0Singapore #PlantYourFlag #ClaimYourLand #SOLDOUT pic.twitter.com/UHzf9iJerh
— Affyn Official (@AffynOfficial) December 17, 2022
There are four possible rarity levels in the NEXUS World metaverse representing common, rare, epic, and mythical assets. Those who own NFT lands can then monetize them within the ecosystem and interact with other users. Furthermore, according to Lucaz Lee, the founder of Affyn, more cities will receive the same treatment following the success of the Singapore NFTs.
“Starting with the Singapore metaverse city, we look forward to seeing how the metaverse economy can function and drive added value for users. With more cities in the pipeline, we are excited about the ecosystem’s prospects, namely to see how Landowners opt to develop their plots to co-create the economy of NEXUS World,” – Lucaz Lee – Affyn
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
