It’s a well-known fact that 2021 is the year of the Non Fungible Tokens (NFTs) and that’s probably one of the reasons why Italian project OVR is setting new records with its OVRLand.
At the time of writing, OVRLand is selling around 5,000 different NFTs every day. In total, OVR has sold 60,000 NFTs since its launch on November 30th.
And that is also why its token is benefiting, reaching a price of $1, having started from a price of $0.07. OVR is listed on Uniswap, where it is reporting volumes of 10 million; the token can also be found on exchanges such as MXC, Bitmart and will soon be found on Loopring.
Last November, OVR launched an IBCO that has so far raised $5 million in collateral.
But what are OVRLand’s NFTs for?
Besides being collectables like all NFTs, the user who decides to buy an OVRLand can create augmented reality experiences on it.
In fact, when going to a location in OVRLand, or on the map on the website, the content can be accessed via an app. The mobile app is available on both iOS and Android.
What are OVRLand?
The platform is made up of 1.6 trillion unique hexes called OVRLand that can be purchased through auctions and traded or rented in a decentralized manner.
Each OVRLand is essentially an ERC721 token in which there is a 3D environment that can host games, events and tournaments.
Basically, like on any website, it is possible to place content, the same happens here with NFTs which act as a “spatial” domain.