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’.
“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
Source NFT Plazas
