Illuvium Announces Details Of Their Upcoming Land Sale
The Illuvium Land sale will begin on June 2nd at 1 pm UTC and end on June 5th at 1 pm UTC. The official IlluviDex marketplace for Illuvium will host the sale of 20,000 plots.
Illuvium Land will be available in five different tiers, with higher tiers representing increased rarity and higher resource generation. The higher the land tier, the more Fuel it can produce. For instance, a Tier 5 land can increase Fuel production by 900 percent. Additionally, Illuvium allows NFT landowners to earn up to 5% of total in-game revenue.
Tiers 3 and 4 also have rare Landmarks that boost resource production, and Tier 5 has a legendary Arena that will host official Illuvium esports tournaments. Every hour, 278 new plots will be available for purchase for two hours.
To reduce gas spending, Tier 1–4 Land plots will be sold via Dutch Auction, with a high starting price that drops at 2.5 percent per minute until sold. Tier 1–4 land plot auctions can be purchased with either ETH or sILV2, but not both at the same time.
Tier 5 land will be sold in an English Auction format, which means that the price (in ETH only) rises as the bidders increase their bids until the auction time limit expires. This three-day auction follows the same start and end times as the overall Land sale.
The starting price for Tier 1 plots of land will be 2 ETH, with Tier 2 beginning at 6 ETH, Tier 3 will be 20 ETH, and Tier 4 will be 80 ETH.
Land is an important component in Illuvium Zero, a mobile and desktop city builder in which landowners construct and upgrade various buildings while acquiring resources to sell to other players.
The minting of these land NFTs will take place on the Immutable X, a layer 2 on Ethereum. To purchase on the IlluviDex, users must connect to their MetaMask wallet on a desktop, and mobile device purchases are not permitted at this time.