Star Atlas plans four sales to end 2022 after being impacted by the FTX collapse.
Star Atlas Preps for Big Titan Ship Sales
Star Atlas is holding a limited mint sale of nine “Titan Class ships, the deadliest predators in the galaxy.” Dominating the Solana GameFi Metaverse won’t come cheap, however, as each ship carries a base price of $5 million.
The Titan Ships Sales event, which was set to begin this week, is part of a series of four $USDC-only sales to conclude 2022. The sales are coinciding with the upcoming launch of the Star Atlas “Golden Era” in-browser game module, and the collapse of Sam Bankman-Fried’s FTX empire – which materially impacted the cash balances of Star Atlas lead developer Automata (ATMTA).
The Titan mint involves creating and selling nine ships, with three units allocated to each of the game’s three major factions. In the future, the total number of Titan ships will expand to 18.
During the first week of sales, the Titan ships will cost “only” $1 million apiece (a discount of 80%). The discount will be reduced by 10% in each of the following three weeks, meaning that in Week Two, the ships will cost $1.5 million, in Week Three $2 million and in Week Four $2.5 million.
The other three sales events will include Special Ships, Claim Stakes (to enable future mining), and Central Space Station Land and Habitation.
For a detailed description of the sales events and other plans from Star Atlas, read their post on Medium.
Star Atlas is among the many crypto projects negatively affected by the FTX crash.
In a letter to the Star Atlas community, ATMTA CEO Michael Wagner said the company had “material cash exposure on deposit at FTX” that constituted their most liquid cash positions for operating expenses.
“While previously we had multiple years of runway given current operations ahead of us, that has presently been reduced by approximately one-half,” Wagner said.
To address the crunch, he said the game developers were approaching capital partners, reaching out to lending facilities, and exploring “internal structural changes” at ATMTA.
While Solana has been drawn downward into the gravity well of the collapsing FTX and Alameda Research, Wagner said he’s still bullish on the blockchain’s ecosystem and technology:
“Regarding the impact to Solana, my resolve here again has never been stronger,” he said.
What is Star Atlas:
Star Atlas is a futuristic play-to-earn MMORPG built on the Solana blockchain. Star Atlas is a grand strategy game of space exploration, territorial conquest, political domination, and living among the stars. It’s based in the year 2620, and its developers created it using the Unreal Engine 5. The first of several PC gameplay modules is set for release in late 2022. It’s a fantasy game based in a metaverse-style virtual world.
Where to find Star Atlas:
Source : bsc.news
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