Star Atlas Plans 4 NFT Sales Despite Delay Caused By FTX

Star Atlas NFTs are coming to the market at a steep discount in response to the fallout of FTX’s implosion. Michael Wagner, the CEO of Star Atlas, launched an announcement by way of Twitter to inform followers {that a} vital quantity of the corporate’s short-term capital was in FTX. That provides Star Atlas a runway lowered by half, from years to what could also be a couple of months. The sale seems to be a technique that Wagner desires to lift funds.

A futuristic space colony with a large tower in the background sits against a gray sky. There is a large ship in the air that is being sold by Atlas Games as an NFT despite the FTX fallout.
Atlas Video games has been impacted by the fallout from FTX’s crash. Credit score: Atlas Video games.

Star Atlas Sells NFT Ships to Climate FTX

The gross sales are occurring over a couple of months and can be kicked off by the Titan Sale. Three ships can be found, with one Titan for every faction. The sale begins with an 80% low cost that reduces by 10% each week. Think that’s a good deal? The usual value of a Titan is $5 million. That makes the discounted Titan $1 million to personal. The sale begins the week of November twenty first.


The second sale that can occur is the Particular Ship Sale, for ships that haven’t bought effectively. This is a chance for Star Atlas to scrub home whereas giving followers a superb deal. The 80% falling low cost is similar. This sale can be starting the week of November twenty first.

There is a gray spaceship with neon blue windows floating through space. The ship is being up for sale by Atlast Games as an NFT in response to the FTX fallout.
Atlas Video games is initiating a collection of gross sales over the following few weeks to lift funds. Credit score: Atlas Video games.

Star Atlas NFT Gross sales Will Proceed For Weeks

Star Atlas NFTs are additionally obtainable by way of the Declare Stake Sale and the Land Claims Sale, to come back at an unspecified date within the subsequent few weeks. Declare Stakes extract sources from planets that gamers go to. In the meantime, Land Claims for the Central House Station allow gamers to dock cargo and provide in-game bonuses.

Will these gross sales assist give Star Atlas the runway it must survive? Within the phrases of the corporate’s CEO, Michael Wagner, “I vehemently consider that we are going to not fail.”



All funding/monetary opinions expressed by usually are not suggestions.

This text is academic materials.

As at all times, make your individual analysis prior to creating any type of funding.

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