When the Market Place 2.0 releases, users will be able to integrate their user profiles for even more transparency but to take that to an entirely different level, the STARL team is also adding in use of The Graph, an Ethereum based indexing protocol, for all SATE contracts. SATE’S are non-fungible, transferrable digital assets representing satellites and any other virtual estates of the STARL Metaverse. By implementing The Graph into all SATE contracts, it allows for a greater collection of data related to each individual SATE including properties, bid history, pricing history, auction details, trades, and more all in one easy to view page. With the addition of The Graph, the STARL team is taking further steps towards complete transparency while allowing users the ability to bring up the complete history and all related information for any SATE contract with a few keystrokes.
Today, we stand at the threshold to a new digital frontier. The STARL team has been tirelessly working and updating their Metaverse, the first ever virtual space project. A groundbreaking virtual world where users have the ability to buy, sell, and trade virtual properties while traversing a digital solar system. Lead Dev and Project Manager Moe Larson recently revealed that there will be two more big updates to close out September. Phase one will be the release of the STARL MarketPlace 2.0 along with profile integration and The Graph (GRT) accompanying a Satellite auction. Next week will see phase two of these updates go live with the release of Living Modules NFTs for purchase.
Larson pointed out that during the first round of NFTs available for auction, demand was so high that they decided to split up their upcoming offerings and make both the satellite auction and Living Modules release stand alone events. He went on to say:
“We thought the most prudent move going forward was to release our next satellite auction as a sole event followed by the sale of our Living Modules at a set price as another singular event. Our aim is to give everyone an opportunity at both events and devised that this was the best way to manage the high demand that we are anticipating for both offerings.”
He was equally excited about changes coming to the Metaverse at large as he was about the upcoming happenings. He pointed out that STARL has been hard at work behind the scenes after adding multiple new and exciting team members over the past month. The group has been tirelessly working to expand their Metaverse.
When the Market Place 2.0 releases, users will be able to integrate their user profiles for even more transparency but to take that to an entirely different level, the STARL team is also adding in use of The Graph, an Ethereum based indexing protocol, for all SATE contracts.
SATEs are non-fungible, transferrable digital assets representing satellites and any other virtual estates of the STARL Metaverse. By implementing The Graph into all SATE contracts, it allows for a greater collection of data related to each individual SATE including properties, bid history, pricing history, auction details, trades, and more all in one easy to view page.
With the addition of The Graph, the STARL team is taking further steps towards complete transparency while allowing users the ability to bring up the complete history and all related information for any SATE contract with a few keystrokes.
Following the Market Place 2.0 release will be a satellite auction where users will have the ability to bid on their own digital satellites. There are various different types of satellites but we will highlight the three most prominent in the STARL Metaverse, the LEO, MEO, and GEO. Each satellite carries with it a set of mutable; metadata, radius, speed, orbit, and immutable properties; ownership, XYZ coordinates, and APR. Every virtual satellite carries with it the ability for the owner to collect passive income, which is generated from the vault contract. Any address with ownership of a SATE NFT will earn interest based on the on the amount of STARL spent on the sate at auction. For instance, in an auction that closes for 10 Billion STARL, the owner would subsequently earn yearly APY based off 20% (Class A), 15% (Class B) or 10% (Class C) based on the Satellite Class purchased. For this example, the yearly interest for a Class A Sate would be 2 Billion STARL.
The three main types of satellites are categorized by their orbit altitude.
LEO, or low Earth satellites are positioned at an altitude between 160 km and 1,600 km, 100 and 1000 miles above the earth respectively.
MEO satellites operate from 10,000 km to 20,000 km or 6,300 to 12,500 miles above the earth.
GEO satellites are locked into a position of 36,000 km, over 22,000 miles above the earth and are set to match the earth’s rotation.
Each satellite category carries with it a different APR as follows:
Platinum: GEO: 20%
Gold: MEO: 15%
Silver: LEO: 10%
And carry a market sale profit split as follows:
30% Staking rewards for SATE contract
During the second phase of upgrades, Larson said they will be vastly improving the marketplace ecosystem at large, and gave a brief description of the highly anticipated Living Modules:
“These Living Modules will be our users’ own personal space in the Metaverse where they can store their personal goods, customize the interiors and display their digital art collections.”
Living Modules will go on sale September 29th and will have set prices for the different categories which are small, medium, and large. These will be one of the building blocks of virtual real estate in the STARL universe.
Larson went on to explain that:
“The first Living Module sale will be limited edition artist focussed where these NFTs will represent as tickets to the modules on the STARL spaceship. It’s a limited release with each module having been designed by a 3D artist with no limits on their imagination. These will act as your hotel key cards to access your room. This first batch of Living Modules are the valuable trading versions. Eventually, we will have standard, basic living module assets where anyone can get to have their own customizable room in the space bases. They will be the ‘economic’ versions that can be upgraded as they please, and be customizable from within with the addition of furniture, NFT artwork, and decor.”
The founder concluded:
“The STARL team will be unveiling new and exciting features to the Metaverse. During the two upcoming phases we will be introduced to the Market Place 2.0 with its added features followed up by the release of the limited edition Living Modules on the 29th of September.”
The future looks bright and exciting for the STARL Metaverse.
You can learn more about STARL’s Decentralized Virtual Space Development by checking out their website.
Their white paper can be downloaded here.
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