Gamers Pledge $203M in 'Ember Sword’s' Virtual Land Sale

Almost 35,000 people submitted applications to purchase 6,000 virtual plots of land.

AccessTimeIconAug 4, 2021 at 1:00 p.m. UTC
Updated May 9, 2023 at 3:22 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Almost 35,000 gamers have collectively pledged more than $203 million to purchase virtual plots of land in the online world of "Ember Sword," an unreleased video game.

Bright Star Studios, the game's Danish developer, will sort through the applications before choosing candidates to purchase the 6,000 plots of land available in the Solarwood Nation, one of "Ember Sword’s" four virtual worlds. 

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Why Core Scientific is Focused on 2028
    00:57
    Why Core Scientific is Focused on 2028
  • Bitcoin, Ether Rise Amid ETF Steam in Hong Kong; Solana's Latest Update
    02:14
    Bitcoin, Ether Rise Amid ETF Steam in Hong Kong; Solana's Latest Update
  • Bitcoin Whales Yet to Resume Accumulation: IntoTheBlock
    01:06
    Bitcoin Whales Yet to Resume Accumulation: IntoTheBlock
  • Owning land in "Ember Sword" gives gamers the opportunity to share in trading fees and earn Ember, the game’s ERC-20 token, from economic activity on and around their virtual plots of land.

    "Ember Sword," which plans to conduct testing for virtual land owners and select community members later this year, is following in the footsteps of other play-to-earn blockchain-based games like "Axie Infinity" that are revolutionizing online gaming. 

    “We are working to develop a player-driven economy that allows gamers to earn rewards and make money through in-game activities, including the creation of unique, tradable NFT (non-fungible token) items,” Mark Laursen, CEO of Bright Star Studios, said in a statement. 

    Bright Star founder Loren Roosendaal estimates that 70%-80% of applications for the NFT land sale came from individual gamers, and groups including Twitch streamers, virtual real estate firms and decentralized autonomous organizations (DAOs) like Yield Guild Games accounted for the rest.

    "Ember Sword’s" most recent land sale comes after a $1.5 million sale in May, which Roosendaal told CoinDesk struggled with technical challenges after demand exceeded Bright Star’s expectations. 

    In May, Bright Star raised $2 million in a funding round with participation from CoinGecko Ventures, Delphi Digital, Animoca Brands and others. 

    Roosendaal told CoinDesk that the funding will be used to develop "Ember Sword" further and hire additional staff. 

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.