Spanish Startup ‘Gamium’ Announces the Sale of Land in Its Metaverse

  • The Land (virtual plots of the Gamium interoperable metaverse) can be purchased from March 18th, and prices range from 1 ETH, valued at $2,588 USD as of this writing, to 125 ETH at $323,396.
  • Users will be able to connect their land with any web or blockchain application to create their own virtual store, hold social gatherings, or celebrate exclusive events.

The sale of Land in the metaverse of Spanish startup Gamium will begin on March 18th, according to the company. Initially, a total of 7,531 Land plots will be put up for sale spread over 6 days, but this amount will be expanded over the course of the coming months.

Gamium is a Spanish startup founded by a team of young Catalan entrepreneurs with extensive experience in the Web 3.0 ecosystem. In order the start the project, the company raised $2.7 million in a funding round led by the Web3 project accelerator ‘DAO Maker‘.

To buy Land in the metaverse of the Spanish firm, which has offices in Barcelona and Bali, users can use the company’s website or do so through NFT marketplace platforms such as OpenSea, which has also made these plots available .

Gamium’s Interoperable Metaverse Utility

“Land is virtual terrain within the Gamium metaverse. In it, companies and individuals will be able to create digital experiences for other users that populate this virtual world, such as organizing concerts, mini-games and exclusive events,” Gamium indicated in a press release sent to DailyCoin.

These spaces will also serve to allow future owners to build virtual stores in which to sell NFTs or products and services from the physical world. Likewise, users will be able to hold digital art exhibitions and design unique activities, such as escape rooms or laser tag for multiple avatars to participate in simultaneously.

Plots of the Gamium metaverse, based on blockchain technology, can be connected to any internet or blockchain application to offer immersive experiences in a 3D environment. These plots can also be rented or have arrangements made to place advertisements in order to monetize them.

"Basically, Gamium Land is a point of union between existing applications and a gamified 3D environment," explained the Co-CEO of Gamium, Alberto Rosas. 
"This allows us to create much more immersive experiences around applications that we use in our day to day. In addition, this environment is built on a native economic layer, capable of also transmitting an economic value in social interactions," he added.

Each Land is an NFT that is properly georeferenced in the Gamium metaverse and come in different sizes. One consistent characteristic of the plots is that they are rectangular in shape. The smallest plot is measured at 256 virtual m2 and costs 1 ETH, but there are larger options available for up to 125 ETH.

Gamium’s Diverse Metaverse

The virtual world of Gamium is made up of the central city, called ‘Genesis‘, and 10 outer ‘Neighborhoods’. In Genesis, the experiences of the physical world are replicated in the virtual world. The city has several predefined buildings such as a virtual museum, a multipurpose stadium, a decentralized finance (DeFi) center, a shopping center, and even a virtual university.

Each Neighborhood has its own characteristics, and are designed with their own themes and unique architecture. The designs were created by artists and architects specializing in 3D models, including urban designer Firas Safieddine.

Based on these predefined architectural styles and designs, owners can build buildings on their land, or create their own properties using the tools provided by Gamium. The first Neighborhood is called ‘SAT’ in honor of the creator of Bitcoin Satoshi Nakamoto.

Plot owners have the right to speak and vote in the assemblies in which decisions are made about the future of the Neighborhood. The Gamium metaverse will have a total of 65,536 Land plots for sale starting from March 18th. The company has also indicated that the sale of Land will be done gradually over the next few months.

"I think that what we will find most in the Lands will be mini-games, integrations of online stores and decentralized finance apps," Rosas said. "But you never know, in the end what we do is provide the infrastructure and tools so that the owners of the Lands can build whatever they want," he enthused.

To buy a plot, the interested party must have a non-custodial wallet, such as Metamask, which allows them to interact with the respective smart contracts of the virtual land. They can also be purchased on NFT trading platform OpenSea.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Santiago Contreras

Santiago is a Venezuelan blockchain reporter specializing in economic and financial issues, with special emphasis on stablecoin trading as well as political and regulatory issues related to Latin America. Every day he reviews and analyzes movements in the crypto market to offer readers first-hand information that can help them make sound decisions in the exciting world of crypto.