Palaneum™ is a new metaverse gaming experience entering the NFT marketplace with promises to allow players and investors to experience a new virtual world like never seen before. As the project’s team states, Palaneum™ seeks to provide one of the most diverse metaverse experiences that allow gameplay where gamers can interact with NFT creations, upgradeable structures, and other objects as well as own NFT virtual land.
Blockchain tokenomics are still developing and the versatility seen from NFT and metaverse developments continue to expand. Thus, Palaneum™ seeks to provide the best and most diverse virtual land ownership games in the world. It is built with expansion in mind as it allows players to create and grow virtual empires in the Metaverse. Read our review to find out more about this innovative project as we highlight its main features.
Palaneum™ is a distinct metaverse gaming environment that seeks to allow gamers to interact with each other in an immersive and communal virtual environment. It is an NFT marketplace based on the sustainable Polygon blockchain, which allows it to create an Ethereum-based eco-system with cheap gas fees and a sustainable environment.
The components of this play-for-rewards gaming experience include various artifacts, NFT virtual lands, and structures that you can upgrade as you progress further into the game. In turn, it aims to allow players to earn various rewards, imagine, develop, and discover an entirely new virtual world. The project also seeks to provide gamers and other people with a chance to trade, buy, and sell NFTs in the sustainable Palaneum NFT Marketplace.
How to Participate in Palaneum™
Palaneum™ promises to offer a cross-chain approach for complete portability and asset management by selling virtual land NFTs on the Polygon Blockchain. It also aims to establish an in-game rewards token system on the Binance Blockchain in the future.
Therefore, gamers who want to be involved in this metaverse that combines tokenomics and blockchain can do so through future token sales and digital land NFTs. The signup process is quick and straightforward.
It occurs through a web3 protocol that links your wallet, via your email address and well-known wallets like Wallet Connect and MetaMask, to the gaming interface. You may either make your own NFTs or purchase NFTs from the eco-friendly marketplace.
Basic Functions of the Palaneum Metaverse
The next step after obtaining your virtual land is to pick an action from various in-game platform options. Below are the different functions you can enjoy on the
- Upgrade metaverse lands or the structures and houses on your virtual land to establish an empire
- Palaneum staking
- Role-playing quests and games
- Buy more virtual land NFTs
- Socially Interact with other virtual landowners
- Participate in the NFT marketplace by buying, selling, or trading tokens
- Create, craft, refine, and develop gamer skills
- NFT creation
Metaverse NFT Lands
The metaverse’s principal function is to sell metaverse NFT lands, allowing gamers, investors, and common citizens to own a piece of virtual property in the United States. Starting with tiny block sales, the number of sales will gradually rise to permit more investors to participate in virtual land purchases.
The metaverse lands are offered in plot-style grid blocks of various sizes, such as 1×1 (premium), 1×1 (basic), 3×3, and 6×6, and also the 12×12 and 24×24, which are reserved for housing NFTs and use by sponsors, the game, and other administrative functions.
As the game grows and the metaverse continues to expand, landowners will have priority NFT access to special drops, various token options, special campaign alternatives, and other rewards. As part of the privileges of becoming a landowner in Palaneum™, landowners will also get a free avatar to use in the game.
Palaneum™ Metaverse also offers an NFT marketplace created on the Ethereum-based and eco-friendly Polygon blockchain. The marketplace is an important part of the platform’s product portfolio since it allows creators to display their art, collectibles, graphics, and memorabilia. Its main function is to facilitate economic activities such as NFT creation, trading, purchasing, and selling. All NFTs are transacted in Polygon MATIC.
The NFT marketplace also facilitates the transfer of tokens to secondary marketplaces, such as Opensea.io, and earning royalties for NFT creators, which is an important part of the project’s income generation plan.
Players also have an option to join the Palaneum™ metaverse NFT lands as gamers or spectators. In turn, they can participate in a range of game activities, or just live in the metaverse. The fundamental purpose of the metaverse game is for gamers to construct a city by improving buildings on their virtual lands, which advances the function of play for rewards.
However, there is a charge for structural upgrades, but players may benefit in the long term as they expand their city. Any structural modification increases the proportion of tokens available for reward, driving investment in the structures and resulting in a more functioning and updated city.
Alternatively, those who simply want to explore and exist in the Metaverse game also have a wide range of experiences to enjoy. They include:
- Art District
- Fashion District
- Event Center
- Retail Shopping Mall
- Crypto Zone
- Sport Zone
- Concert Hall
- Viking Town
- Quest Zone
- Middle Earth
Every one of the “experiences” in the Metaverse game adds to its use cases and opportunities for discovery and entertainment. Its creative direction will arrange these experiences with well-known sponsors, brands, and unique features.
Virtual Land Tokenomics
Our tokenomics concept is built on the foundation of 100,000 Metaverse NFT land tokens of varying sizes, which were first built against the USA map. The virtual land estates and smaller virtual land packages come in bundles of grid sizes reflecting 1×1, 3×3, 6×6, 12×12, and 24×24 plot sizes.
The virtual lands are actually a big element of the revenue model, with pre-sales prices starting around $500 for a basic 1×1 plot on Palaneum’s land grid and going up for the bigger estates. This will help the project to grow, allowing it to recruit more developers and expand its gaming production operations to meet the demands of the metaverse’s gaming ambitions. The price of virtual land will be modified over time to mirror the number of players, the amount of NFTs, and the market conditions and demand.
The developing team is currently working on the idea and plot of the metaverse’s game and thinking of ways to integrate it into a bigger development strategy to expand the Palaneum metaverse. The project’s roadmap consists of:
- February 2022: The launch of Palaneum™ Ape NFTs
- March 2022: The launch of the first round of virtual land pre-sales. The launch of the NFT marketplace will also take place at this stage
- June 2022: Develop ‘Arcadia’, a micro-gaming ecosystem for members and gamers to enjoy various games
- April – December 2022: Continue the development of the Alpha version of the Metaverse game, gaming stories, quests, guidelines, and its unique features
Final Thoughts on Palaneum™
The Palaneum project showcases itself as a collection of creative efforts to create a realistic and immersive virtual world. It has an active following on Discord, Instagram, Twitter, and Facebook. Anybody interested in learning more about the project can join any of its online forums.