The Lunaverse building NFT genesis sales event for San Francisco is coming soon. This exciting genesis sale of Lunaverse NFTs consists of 438 Building NFTs and will be conducted over two stages:
Stage 1: Involves the auction of 60 Building NFTs that will run over six days, with five auctions run every 12 hours.
Stage 2: Involves the mint of 378 Building NFTs.
Explaining Building/Level NFT dynamics
Our Building NFTs are a digital piece of real estate in Lunaverse. Make sure you hold onto your Building NFTs, as Building NFT owners will have the opportunity to mint Level NFTs based on the number of levels that their building NFT has.
All Genesis Building Owner NFT holders will be gifted a level NFT when the first version of “Lunaverse Create” is released.
What Is Lunaverse Create?
Lunaverse Create is a web browser-based 3D interior design app which will allow building level NFT owners to fully design and customize the interiors of their Level NFT. In addition, avatar interaction and sharing functionality are enabled.
Lunaverse Create is an essential piece of the puzzle in our development journey. The first iteration forms the building blocks for our development teams to expand our features wishlist and allows us to listen to community feedback for future development priorities. This application will remain available through Lunaverse 2.0 and 3.0, and what you create here will make its way through to these Unreal Engine output versions of Lunaverse.
More information and videos from inside Lunaverse Create are not far away.
Levels
The amount of levels for each building is stored in the metadata of the NFT and within the NFT 3D viewer application. Thus a building with more levels can mint more Level NFTs.
Floor Area of Level NFTs
The floor area of your level NFT is dependent on the Building NFT it is minted from; the dimensions of the building are stored on the metadata of the Building NFT and within the NFT 3D viewer application. All buildings have their own unique design and floor area size, so consider this when building your Lunaverse digital property empire.
Building/Level NFT features
Once you own a Level NFT, you can customize it within Lunaverse Create, populate it with assets you own (NFTs) and add furniture, room layouts, media etc.
Building Ratings
Building ratings are assigned based on the following features as a general guide.
• Silver: Under 20m or five levels.
• Gold: between 20m-40m or up to 10 levels.
• Diamond: 40m-100m or up to 30 levels.
• Platinum: 100m or 30 levels and above.
When assigned the rating, location, type, and characteristics are also taken into account.
Information Displayed on NFT
Building Rating: Silver, Gold, Diamond, Platinum
City: San Francisco
Building Release Stage: Genesis
Name of Building: UST Tower
Geo Reference Location for IRL / NFT Viewer: 37.78978, -122.39693
Type: Building / Levels / Level Number
Gross Floor Area (GFA): in m²
Building NFTs Auction
This auction will comprise of 60 building NFTs; the buildings available for auction are high-quality buildings with large floor areas and many levels, meaning they will be able to mint many large Level NFTs. The details on the buildings which will comprise the Genesis auction are listed below.
Number of Buildings: 60
Average Levels: 19
Average Height: 72m
Average Floor Area: 31066m²
Platinum: 21
Diamond: 21
Gold: 18
Lunaverse x dystopAI — Buildings from the Apocalypse Collection
Using AI, dystopAI has created an alternative reality of Lunaverse San Francisco, where the moon has disappeared — throwing planet Earth into an apocalypse. Buildings have morphed into their apocalyptic, dystopian versions — all with text input and AI.
To celebrate our partnership, auction winners will be airdropped a morph of their building.
Many thanks to the team at @dystopAI_NFT !
Mint
The Genesis mint will comprise of 378 building NFTs; care has been taken to select a range of building ratings to ensure a fair distribution in the mint portion of the sale. The Genesis mint detail distribution of building ratings will be posted below.
Number of Buildings: 378
Average Levels: 5
Average Height: 20.5m
Average Floor Area: 4494m²
Platinum: 7
Diamond: 18
Gold: 189
Silver: 164
Marketplace Partner
We will be conducting the Genesis sale on the Loop NFT marketplace. Loop has recently finished the development of the World’s First DeFi NFT Marketplace which aligns very closely with Lunaverse’s vision, whilst work on our own marketplace has commenced.
Level NFTs?
The Mint Level NFT feature is likely to be released alongside other solutions we are working on, but we do plan on giving diamond handed Building NFT owners a free level mint as soon as we are ready to release the first iteration of Lunaverse Create.
Inflation
Lunaverse is mindful that future releases of building NFTs will add to supply. Any future building NFT releases will be aligned with user growth and demand. As features are rolled out, it is expected that there will be significant user growth. So with this in mind, the genesis collection has a modest number of NFTs available. Assuming 100% of these are developed into Levels later, this will lead to approximately 3565 Level NFTs.
Additional Information:
The Genesis sale of the NFTs will be purchased in Luna/UST. Once our dedicated marketplace is developed, $LUV will also be a means of transaction for future sales.
The Genesis Sale NFTs will not include the yield-bearing NFT feature. Our current development priorities add immediate utility and value for holders, so these solutions are being fast-tracked.
Disclaimer — building data is extracted from various sources. Any data displayed on the NFT and metadata is the final source of truth. Lunaverse data may not truly represent the IRL building equivalent.
Genesis Collection Revenue
$LUV holders may recall our “buyback and lock model” mentioned in our litepaper, where 30% of revenue will be directed to market buy and lock up the tokens purchased from the circulating supply of $LUV. After the 12 month lockup period, we will post a governance vote to determine the number of tokens to re-introduce into the circulating supply in a way that rewards long term stakers.
As we are very excited about our Genesis event and would like to thank the community for your constant support and engagement, we are pleased to announce at least 50% of the revenue generated from our genesis sale will be used for our buyback and lock model in this instance. Again, thank you for your support and remember “All you need is $LUV”.
What to do now?
We aim to offer the Genesis Sale once the Loop NFT marketplace has finalised its thorough testing and we have had sufficient time to educate the market about the sale.
In the meantime, we want to hear your opinions and ideas. Check out our discord to ask any questions you have!
Also, we will have some interesting WL competitions to watch out for, so stay tuned.
Please note that the content of this post is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances.
