Somnium Space announced that week 4 of the Secondary Land Offering has gone live on OpenSea, the NFT marketplace. The week will run until November 29th, during which a total of 50 parcels and 9 Somnium Worlds will be on auction.
What is interesting about this week – apart from the fact some truly great parcels and estates are on sale – is that it will be a Dutch auction. For those who are not familiar with this, a Dutch auction is a descending price auction that starts with the highest asking price that ticks down with a fixed amount until the minimum asking price is reached. During this time, anyone can purchase the asset on auction (the first to bid will win the sale). This type of auction dates back to 16th century Holland when the trade in tulips skyrocketed.
The parcels and estates on sale during week 4 are mainly located in the North, North East and South East of Somnium. They’re all waterview parcels, which means they’re not at the shores of Deep Oasis Lake, but very close (second row). This makes them quite attractive (who doesn’t want a home close to the water?).
Remember that Somnium Space gives away rewards to those who spend a certain minimum amount during the SLO. Rewards include unique artwork, laptops, Oculus Quest 2, etc.
Categories: Secondary Land Offering