Learning The Basics - Somnium Space
Somnium Space Land
You do not need to own LAND in order to visit and enjoy Somnium Space, however, if you decide you would like to invest and build in Somnium Space, you should know the following information…
Each LAND parcel is a non-fungible token (NFT, ERC 721) which means it is unique and cannot be forged or duplicated, the same as physical land in real life.
Anybody can buy or sell LAND at any time, peer-to-peer via the Opensea Marketplace. All transactions are stored on the Ethereum blockchain as true proof of ownership, so when you buy and own that LAND token, you officially and unquestionably own that piece of LAND. Every Somnium Space LAND token has unique co-ordinates which represent a specific location on the Somnium Space map. Proximity to popular areas with great views, size of parcel, proximity to the waterfront and Central Waypoint, typically determine their value.
There are some land parcels which are very close together on the map. It will soon be possible to connect these parcels to create an Estate, which permits the owner to build much higher.
Somnium Space also sold a limited amount of tokens which permit the owner of any land to build higher. It is unclear whether these are still available for sale or not.
You can also rent land in Somnium Space. View listings here
Metamask is required to buy and sell land in Somnium Space. (see Getting Started)
Total Land: 5,026 (781 Small, 2487 Medium and 1758 XL sized parcels)
Each LAND Size
Small: 200m² and 10m height & depth build limit
Medium: 600m² and 25m height & depth build limit
XL: 1500m² and 50m height & depth build limit
Highest ever sale (1 LAND) : 31.39 ETH (source)
Highest ever sale (Estate) : 160 ETH (Approx $32,000 for 28 x XL) (source)
Average price per LAND : CLICK HERE