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Farsite to Launch Its Open Marketplace on March 10, 2022

The gaming industry has taken the crypto market by storm, and players are always looking for the latest virtual world games with appealing incentives.

Farsite was the sole seller of in-game items and NFTs until March. Most players used to purchase items and ships from crates in the store, but it’s about to change.

Now all Farsite players would be able to transfer assets for credits on an open market commencing March 10. Players would first travel to the Homestead Station to access the market and sell and buy the desired products.

A new facility decommissioning feature will be presented with the Marketplace Update, letting participants free up space within their sectors and recoup some of the assets they spent building one.

About the Open Market Place

Players will be able to search the market or browse by resource type. Advanced filters for maximum and minimum prices, quantities, and seller reputation will be available immediately.

Each transaction will require buyers to pay a fee. The fee is 1% of the purchase price, paid in credits, the currency of the game’s second layer. The first layer employs FAR, with one FAR equaling 1000 credits. All resources purchased will be stored at the station. All transactions are irreversible.

Markets, like everything in the Farsite World, are location specific. Each station represents a market; for an item to be traded in a market, it must first be transported there on a ship. As participants build new stations to receive a portion of each trade, the number of stations will grow over time.

Players will be able to place buy and sell orders on most items at stations, highlighting the demand for specific items in specific locations.

Functions of the open Market Place

The marketplace will handle unique tokens like ships and modules and countable tokens like components and resources.

Players may only purchase and sell resources during the Pre-Alpha period. Later, the market will grow and allow players to make orders for ships, modules, and other one-of-a-kind things.

External NFT markets like OpenSea might be utilized to exchange things. The FAR coin will be available on several centralized exchanges within a short period, and liquidity pools will be available on decentralized exchanges.

What is Farsite?

Farsite is a blockchain-based multiplayer online real-time strategy (MMORTS) game that combines DeFi and NFTs elements. It allows gamers to explore space while also earning money. The game combines the very popular play-to-earn model with engaging storylines and interesting gameplay.

The game takes place in the Farsite Universe, where players take on various roles and collect various in-game resources while exploring the galaxy to create their own NFTs.

Also Read: Top 5 Play-to-Earn Games to Look Forward in March 2022

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