Somnium Infinite sold 110 Ethereum (ETH) worth of virtual country plots during the first seven days of its multi-week matter.

"During the first calendar week of Road to SLO we have sold a total of 25 parcels for 110 ETH," a Somnium representative told Cointelegraph. "Moreover we take seen a tape high sale of a Bundle of 10 parcels from one user to another for whooping 100 ETH."

Last week, blockchain-based VR game, Somnium Infinite, completed the first week of its Road to Secondary Land Offer, a March xiii statement detailed. During this issue, the startup sells 25 virtual land parcels each week, for 10 weeks in a row, leading upward to its Secondary Land Offering (SLO).

Somnium volition unveil the date for its SLO, expected in the latter one-half of 2022, afterward the Road to Secondary Land Offer ends on May 28.

The VR outfit saw booming sales in Oct

Somnium sold 20% of its available country during its Initial Land Offering (ILO), in Oct 2022, receiving $200,000 total for the digital state, the argument revealed.

As part of its 10-week event, Somnium offers 25 state parcels every Th in a Dutch-way sale – a type of bidding war that starts with high prices, lowering the offer until someone takes the allurement and makes a purchase.

Somnium puts the funds into evolution

The VR visitor puts a large portion of its raised funds back into the platform. "Somnium Infinite always uses the vast majority of community raised funds toward development and making our platform even amend," the Somnium rep said, adding:

"Nosotros are rolling out new features weekly such as the release of our complementary 2nd not-VR mode, alive sound streaming and zones for Builder, Oculus Quest standalone app development and much more."

The representative also mentioned Somnium is currently "compatible with all PC VR headsets."

The rep also explained that only 5,000 Somnium country parcels exist. Somnium'south land naturally boasts resource scarcity, which prevents the platform from arbitrarily expanding its realm with new land cosmos.

Blockchain-based virtual reality and its associated country sales seem to be an up and coming fad inside the manufacture. Decentraland, an ICO from 2022, saw users pay $one meg for digital country in Feb 2022.