Netvrk Virtual Land Sales in Parts, Debuts With Land Presale

    In an important announcement, Netvrk metaverse has declared the final details for its virtual land sale that will manifest in several phases, with the first one coming across as a presale process in the land sale. This highly anticipated phase will be conducted with the help of the Ferrum Network. The network will act as an incubator, which provides an opportunity for the holders of the Ferrum to participate and purchase the land before it gets open for private and public sales. The holders can also access the presale prices, which is again a great opportunity to leverage by token holders.

    For others, the entire process of Land Presale has been divided into three stages. The first stage will be exclusively for the Ferrum and followed by the second and third stages of private sale and public sales, respectively. For the first stage, the snapshot of the user holdings will be taken by the network, and the participation requirement is to have a minimum of 25,000 FRM in the wallets of holders. Regarding the timing deadline for this holding process, 9 PM EST and 9 AM EST on August 3 (Evening) and August 4 (Morning) have been fixed by the metaverse.

    It’s important to note that that more Ferrum holdings will make holders eligible to buy a bigger share of virtual land. Every holder, per their holdings, will be provided with the choice of the particular tier they want to own the land. There are five categories to choose from (Epic, Giant, Large. Medium, and Standard) though for the presale option, only Large, Medium, and Standard will be available. The contribution amount will be divided between USD and $NTVRK according to the pre-specified rule by the network.

    It will be interesting to witness the enthusiasm and response of community members towards virtual land, which is represented as an NFT. NFTs are virtual assets and can be bought, sold, or held at any point in time without any intervention from a third party. Netvrk metaverse has become a preferred choice for all those who want to buy digital assets without intermediary intervention.

    Related articles



    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Ethereum ‘about to go parabolic’ against Bitcoin as analysts weigh BTC bear case

    Ethereum’s Ether token (ETH) is due to launch a “parabolic” attack on BTC to beat all-time highs, one analyst believes.2-week predicts “crazy” ETH moveETH/BTC...

    ‘It’s going to be very obvious that every bank needs to become a crypto bank,’ says CEO of bank to nab 1st federal charter...

    Happy Thursday! Welcome to Distributed Ledger, our weekly crypto newsletter. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest...

    Academic research claims ETH is a ‘superior’ store of value to Bitcoin

    Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to becoming the world’s...

    SHIBA INU: What the Charts Say Is Next for Shiba Inu

    It’s been a wild ride for Shiba Inu (CCC:SHIB-USD). The cryptocurrency got hot in early October, then exploded higher at the end of the...

    NEKTR Set to Become the World’s First Pro-Medical Cannabis NFT Gaming Platform

    RICHLAND, Wash., Dec. 2, 2021 /CNW/ -- At a time when most countries still maintain a tough legal regime prohibiting the use and supply...


    Subscribe to stay updated.