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    Farsite Launches Its NFT Marketplace This Month

    By Janelle BorgMarch 1, 2022Updated:March 2, 20222 Mins Read
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    Farsite has just announced that players can exchange resources for Credits on an open market from 10 March. To do this, they must visit the Homestead station.

    farsite
    Starting March 10, players will be able to trade resources for Credits, as well as craft various components.

    Like everything else in the Farsite universe, markets depend on location. Stations represent markets. Therefore, in order to exchange items, they must be transported on a Ship.

    The new Farsite marketplace will enable players to filter the marketplace by type, maximum and minimum price, quantity, as well as seller reputation. Each buyer must pay a fee for each transaction, which is 1% of the purchase price. Players can get actively involved by building new stations, in turn receiving a slice of each trade.

    The market will support unique tokens – such as Ships and Modules – as well as countable tokens. During the Pre-Alpha testing phase, players can only purchase and sell resources. However, plans are in place to include orders for Ships, Modules and so on in later stages.

    Additionally, players will be able to use external NFT markets to trade items. To make this possible, the FAR token will be available on a number of centralised exchanges, with liquidity pools available on decentralised exchanges.

    What is Farsite?

    Farsite is a blockchain-powered MMO game with elements of real-time strategy. The game is currently in the pre-alpha, PVP-free stage.

    Farsite enables players to take on different roles in order to become part of an intergalactic economy. They also have the power to own and produce in-game items. Therefore, players can establish a base on a planet, hunt for rare materials, construct ships and modules, trade, fight and govern the galaxies.

    The blockchain-powered MMO game distinguishes itself via its Credit-backed NFTs. This means that every Ship and Module is backed by a number of game Credits. Players must burn the cNFTs to receive the credits. This feature ensures that every cNFT maintains a minimum value.

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    All investment/financial opinions expressed by themediaverse.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

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    Janelle Borg
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    Janelle is a freelance content writer with a passion for all things related to music, marketing and tech. She looks forward to bringing you more news relating to the fast-paced world of Crypto and NFTs from her home office in Brighton.

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