Blockchain

This Highly Anticipated Virtual Land Project Has Real Utility

Just as I have been reminiscing about the days of Pokémon GO, an upcoming mobile game called Gate of Abyss has tickled my curiosity. Instead of catching Pokemons, players defend the Earth from mobs. GPS is used to determine a player’s location, and as you travel the map (physically), you experience monsters everywhere. Being a free-to-play game makes it all the more irresistible. 

Virtual Land is the Future

The buzz these days is all about real estate that you won’t find anywhere in the glitzy financial hub: virtual land. The average internet user spends almost 7 hours a day online and this is redefining how humans communicate, interact and transact. With legacy players like Meta drawing up plans for their own metaverses, we will see how blockchain technology, Virtual Reality (VR) and Augmented Reality (AR) unfolds the true value of digital assets. 

GOALAND: A Unique Spin on Virtual Real Estate

Gate of Abyss, a soon to be released location-based mobile game, taps precisely on this alternate digital reality. This is where GOALAND comes in. The developers of Gate of Abyss have coined this term for their virtual land plots which integrate seamlessly into the game. 

Here are the key benefits of owning GOALAND:

  • Own land based on the real world: Own 400m x 400m land plots. The game map of Gate of Abyss is a 1:1 reflection of Earth.
  • Earn passively: You get a cut whenever an in-game transaction takes place on your land.
  • Potential capital appreciation: As Gate of Abyss gets more popular, land plots with high traffic and transactions will be worth more. 

Game Features in Gate of Abyss

Looking specifically at the gameplay of Gate of Abyss, I think the action RPG combat and exploration will offer players a good time. You join the call to arms by killing monsters, leveling up, and obtaining powerful weapons. Rather than being limited to just combat, players will quickly realize that they need to discover and build specific establishments to assist them in the battle. Constructing buildings such as shops and blacksmiths that are essential for gear upgrades, is a strong mechanic for both character development and story pacing. 

Players Build Shops to Progress, and Landowners Earn Income

But what’s really cool about Gate of Abyss is that players can buy land in the game and earn real-world income! Yes, you heard that right. Land plots in Gate of Abyss, called GOALAND measure 400 meters X 400 meters, and they are essentially a true-to-size replica of our world. Players can construct buildings on these land plots in the game. I mean, just imagine building a pub on Mount Everest. When transactions take place in the buildings, the owner of the land which the buildings are constructed on takes a cut of the revenue earned from the transaction. This means you can earn passive income without lifting a finger – you don’t even have to play the game!

Why GOALAND Stands Out 

Earth 2, a virtual land project, has been selling land plots for several years. But they have not launched a game to date. This is, undoubtedly, a stark contrast to the value that GOALAND seeks to deliver for its owners through a well-integrated game that’s launching in a few months. Another hallmark of GOALAND originates from the design of Gate of Abyss. The game is not associated with the “play-to-earn” approach, which has proven to be unsustainable from the likes of Axie Infinity. Instead, Gate of Abyss is curating deep game mechanics targeted at mobile gamers from all around the world. This promotes mass adoption and in turn, creates a sustainable game economy which contributes to GOALAND being more valuable. 

A Distinctive Valuation Tool 

It’s worth noting that GOALAND will have their own valuations like any other asset. From the second quarter of 2023, Gate of Abyss will increase the price of GOALAND by making reference to several data points. For example, land plots which see higher transactions in-game owing to more active players in that region, will be worth more. Similarly, land that receives a higher foot traffic (probably corresponding to their real-world location popularity) will spike in value. In my opinion, such a valuation mechanism is brilliant. Using fundamental data points from Gate of Abyss, the intrinsic value of each land plot is well reflected. This provides both existing landowners and future buyers an accurate price range to rely on, when they trade.

Pricing

GOALAND sale starts towards the end of 2022, and there are early bird perks for initial buyers. I’m not sure how long the early bird pricing will last but it’s worth joining the race to get a piece of virtual real estate while it is still accessible. At only USD 50 per land plot, it’s a bargain. And even better – if you buy 10 GOALAND at once, the price goes down to USD 25 per plot! You can register your interest here to get access to early bird prices. 

Final Thoughts

Traditional blockchain games focus solely on token economics and play-to-earn models, and such an approach has proven to be unsustainable. Gate of Abyss has a game-first methodology, which is extremely promising. For any game to have a successful economy, especially where its currency can be converted to fiat, it requires its players to genuinely enjoy playing it. 

I have started looking out for the release date of GOALAND as though it’s a national holiday. As we migrate into virtual realms that facilitate borderless social relationships, a rise in demand will simply do what any free-market economy does: it will raise prices. With over 90 people working on it, I think Gate of Abyss has supreme potential for both the core and casual gamer alike, so could land plots in this game eventually be just as expensive as a real-world house? Only time can tell!

Register your interest now and get access to early bird pricing: https://gateofabyss.com/#signup

Saad Ullah

An engineer with a passion for innovative technology, blockchain has been a natural attraction. More than a decade of experience in handling HR, HSE and IT management systems for FMCG companies. Currently pursuing Masters in Business Administration.

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Saad Ullah

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