RECAP: Land Sale #3
This Week at Realm
Remember remember the 21st of November, when the price of $REALM opened at $0.75 and closed at $1.79. Earlier that week, Realm had reported on their presence at Forbes Monaco’s First Annual Crypto and Art Gala, buzz about the event began to stir on social media, and the social flags were bullish enough to pique the attention of LunarCrush, Coin Gecko, and Altcoin Daily.
Before we knew it, the charts had gone parabolic, and Realm had hit new All Time Highs; word of which was featured across social media pages ranging from the legendary Crypto Banter, to the Polygon community, to our incubators at LaunchPool, and ranking engines such as CryptoRank and CryptoDep. Our community was growing and we couldn’t have been more enthused as we prepared to launch our App into Pre-Alpha.
The Land Sale
In the wake of our viral moment a few days prior, Realm announced the drop of its third land sale on November 24th. Supporters of Realm from across the globe purchased Realm on Pancakeswap and Uniswap and entered it into our staking pool at NFTrade to become eligible to purchase our Land NFTs by collecting a synthetic currency called $sREALM. You can learn more about the process here. For a moment, everything was quite, as our community prepared themselves to secure their very own piece of the Metropolis, knowing that the last round sold out in less than 5 minutes and that they would have to be quick on their keyboards to be successful at acquiring an asset in such high demand.
The drop was scheduled for 15:00 UTC and, admittedly, it was off to a bit of a rocky start. The BSC network was experiencing unprecedented traffic, peaking at over 14 million transactions in 24 hours, leading to congestion and a 20 minute delay in our drop as we addressed and fixed critical issues. We managed to resolve everything and once we hit 15:20, we opened up the sale and it was off to the races. Within seconds, the courts on ETH were gone, and within 3 minutes, all the crescents on both BSC and ETH were gone too. Due to the network congestion on BSC, things were a bit confusing for a while… some people that bought land but were waiting for the blockchain network to confirm the purchases for several minutes.
By somewhere around the 20 minute mark, most all of the transactions had cleared and we could see that the community was quick to purchase all of the land that was available. The only thing that remained was a set of belts on the ETH chain, where gas fees create a high barrier of entry for purchase. At the time of writing, only 18/64 belts that were released yesterday remain, however they won’t last long. We’re already seeing secondary sales of these NFTs on the marketplace, with Crescents selling for as high as 8 BNB and Belts selling for 1.4 BNB, representing 4x and 7x increases from yesterdays sale prices, respectively.
New All Time Highs
Shortly after the land sale was launched, we saw the price of the $REALM token increase to new all time highs, breaking through the $2 barrier. We can only speculate as to the possible causes: social media buzzing about Realm, enthusiasm around the land sale, or our number of wallet holders increasing steadily. Only time will tell where things go from here. The sentiment is strong, jump in to our community and let us know what you think!
What’s Next for Realm?
We will be hosting another land sale in December. Demand is high and we want to give as many people as possible an opportunity to invest in Metropolis Real Estate. Rumor has it that there may even be a flash sale sometime sooner; only time will tell.
Our Pre-Alpha launch is right around the corner. Our team has the fully compiled app in our hands and we are excited for the community to start testing it! Keep your eyes on the Dev Logs for product updates.
We will be hosting competitions and awarding prizes to our community as we begin to roll out our marketing campaigns in anticipation of our public product launch.
We will be fully revamping and updating our website, white paper, tokenomics, and infographic to make it easy and transparent for anyone to understand Realm. We’ve got CEX listings on their way, major partnership announcements coming up, and special events booked that will be hosted in our Metaverse.
Beyond that, we have Realmies on their way, and are excited for you to meet them! The Quantpods have been spotted and everyone has been asking… What are they? What can we do with them? How does it all work?
All will be revealed. 12.12.21
We are excited for this holiday season and some very special giveaways for our community. Rolling into 2022, the sky is no limit for where we can go together.
A Special Thanks to Our Community
We are dreamers and believers who would not be where we are today without the faith our community has shown us. We will continue to notify you on the latest, greatest, and upcoming news as we continue to build a world class product utilizing cutting edge technologies. Humanity as at a tipping point, and we are entering into a whole new world. It is our responsibility as creators of technology and stewards of this new world to focus our energy on creating the best possible outcomes for ourselves, our community, and the world at large. This is why we are so focused on empowering our community, creating social impact and doing good in the world. We’ve dropped you hints about how we are going to go about this, such as by planting trees in real life when users plant trees in Realm, as part of our carbon offset program with partners like Brokoli Network. This is just the tip of the iceberg, and you will see through our actions the many ways in which we will give back to our supporters, give forward to the world, and create the Metaverse that everyone has been dreaming about.
Thank you from the bottom of our hearts. This is a special season for us here at Realm. So stay tuned for updates on our Pre-Alpha product launch, subscribe to our social media channels, join our community, and don’t miss out on any upcoming announcements, special offers, or holiday giveaways. For all of you who are celebrating today, enjoy the time with friends and family. We all have a lot to be grateful for, and here at Realm we are grateful for you!
Realm is a mobile-first, play-to-earn, social impact driven Metaverse that allows gamers, players and artists to create their own personalized NFT microverse. Creators can bring unique music, art, and games into their realms. Whole living worlds can be minted as an ERC-1155 NFT and traded on the OpenSea Marketplace. Alternatively, players can discover, trade, collect and view NFTs in the environments and experiences their creators imagined.