Palaneum – Create NFTs and Explore Brave New Worlds in the Latest Blockchain Metaverse

Palaneum is a metaverse project offering an exclusive gaming experience, enabling users to earn rewards, create, share, and explore. The project runs on the eco-friendly Polygon blockchain and employs a play-for-rewards model with NFTs, artifacts, and virtual lands.

The metaverse market is booming and producing exciting new projects every day. Some focus on generating more profits for investors. Others aim to take gaming to unprecedented levels with passive income perks for the players. Meanwhile, a handful of ambitious projects seek to accommodate everyone, including gamers, traders, NFT collectors, and token hunters.

This Palaneum review looks closely at an all-in-one virtual universe into a unique experience for gamers, investors, and more. Read on to discover its many features, tokenomics, and roadmap!

What is Palaneum?

Palaneum is a new metaverse providing complete immersion for all users, regardless of their reasons for exploring the virtual realm. Anyone can play, live, create, and own property in this metaverse. Also, people can interact, buy, sell, and trade NFTs in the eco-friendly Palaneum NFT Marketplace. The ultimate goal is for users to build a metaverse empire with upgradeable structures, in-world objects, and landscapes.

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Palaneum starts with virtual lands in the U.S.A. and plans to move beyond into other virtual representations of real-world areas. Metaverse land buyers will access numerous secondary perks, including game passes and extra features. The Palaneum team developed virtual land pieces as grid-style plots of various sizes across the U.S.A.

Every user will have an avatar representation in the Palaneum Metaverse, which they can build from partner sites like ReadyPlayer. These avatars have cross-verse and cross-game abilities, meaning players can use them across different metaverses and games.

As part of the project’s play-for-rewards gaming model, players will buy and sell virtual real estate and NFTs. Alternatively, they can monetize their creations and earn rewards by spending more time playing and completing quests or missions.

The Palaneum virtual land NFTs will be available on the Polygon Blockchain. Since Polygon is Ethereum-based, Palaneum offers the better of two worlds through an eco-friendly, low-gas use. Furthermore, the project plans to launch an in-game reward token on the Binance blockchain. This will be a cross-chain solution for complete portability and easy asset management.

Lastly, Palaneum aims to become a multi-chain metaverse gaming platform with multiple tokenomics solutions. Soon, players will be able to use over 100 different cryptocurrencies or fiat currencies through the platform’s third-party payment gateway.

Palaneum Features and User Options

Palaneum creates a unique metaverse gaming experience by combining blockchain, tokenomics, and virtual land possibilities. For instance, users will be able to build structures on their metaverse lands, buy upgrades and earn in-game rewards. As the project develops, both gamers and investors will get to contribute more to creating a standalone virtual world.

Anyone can join Palaneum by connecting their crypto wallets through a web3 protocol to the platform. Players can use wallets like MetaMask or Wallet Connect and even connect via an email address. Next, they can create their own NFTs or buy any available ones in the platform’s marketplace.

Virtual landowners can access various in-game options, such as:

•       Staking
•       Virtual land upgrades
•       Role-playing quests
•       Social interactions with other virtual landowners
•       Buy more virtual land NFTs
•       Trade in the NFT Marketplace
•       Create NFTs
•       Upgrade dwellings and structures

The Palaneum team plans to build a unique 3D gaming experience that doubles as a social interaction platform. Furthermore, the metaverse virtual land plot NFTs will enable investors and gamers to access rewards while enjoying exciting gameplay. Most importantly, the Palaneum players will own and monetize this gaming experience by creating in-game content.

Palaneum Use Cases

Everyone, from investors to gamers and everyday users, can immerse themselves in the Palaneum metaverse by owning virtual land there. At first, these NFT metaverse land slots represent the U.S.A., but they should also expand to incorporate other countries. They come in different block sizes, including 1×1 (basic), 1×1 (premium), 3×3, 6×6, 12×12, and 24×24. The initial sale will only include the first four sizes. Meanwhile, the latter two larger estates are reserved for sponsors, housing NFTs, and other administrative uses.

Virtual owners can use their land slots to access NFT marketplaces, build structures, or access Palaneum games. Additionally, they will have exclusive access to special drops, token options, and other in-game perks. Lastly, they will receive a free avatar to use across the Palaneum Metaverse.

Besides virtual land ownership and P2E gameplay, the Palaneum metaverse ecosystem offers various functions, such as:

•       Economic activities, including buying, selling, and trading via the NFT marketplace
•       Role-playing games, quests, and missions
•       The purchase of metaverse lands, buildings, and other real estates
•       Creating items, crafting, refining, and developing player skills
•       Social Interaction
•       NFT Creation
•       Upgrading architectural structures to increase token earnings

The Palaneum NFT Marketplace

At the center of the Palaneum metaverse is the platform’s proprietary NFT Marketplace, which runs on the Polygon blockchain. This service allows users to create, buy, sell, and trade NFTs on the Palaneum platform. Also, they can use integrated payment gateways from secure and prestigious third-party processors, such as Mercuryo and Coinpayments.

Palaneum users can have their pick from over 100 cryptocurrencies and several fiat currencies. Furthermore, they will benefit from the platform’s revenue generation strategy, which allows royalties for creators and NFT portability to secondary marketplaces like Opensea.io.

The Palaneum NFT marketplace enables users to create NFTs quickly and seamlessly. The platform provides an intuitive, user-friendly interface accommodating expert and newbie NFT creators. For example, one can easily navigate from creating to listing an NFT on the market in only a few clicks. This way, they can develop and showcase various creations depicting art, collectibles, or memorabilia.

Palaneum Apes NFTs

The Palaneum Apes is the first NFT series rolling out of the platform’s metaverse activities and available on OpenSea. The collection consists of five ape-like characters with unique, quirky characteristics available for sale on OpenSea. Also, they are available for distribution to community members and virtual landowners via airdrops, contests, and other promotions. Users can claim their Palaneum Apes NFTs here.

Palaneum NFT Contest

Between March 5 and April 22, 2022, Palaneum runs an NFT contest for its Discord and Twitter members. The top prize will see 15 winners earn a premium land slot each in the Palaneum Metaverse worth over $500. Users have to follow these instructions to be eligible for the contest:

•       Post their NFTs on Discord in the NFT Channel.
•       Following its approval, the NFT will appear on the Palaneum Twitter feed.
•       Users can then like/retweet the NFT and tell friends about it.
•       The NFT with the most Twitter Likes on April 20 wins.
•       Each user can submit a maximum of 5 NFTs to the contest.

Lastly, Palaneum will gain exclusive ownership rights over the submitted NFTs and the right to showcase them in marketing promotions.

Metaverse NFT Lands Tokenomics

The Palaneum tokenomics model involves a series of 100,000 NFT virtual land tokens of various sizes. They represent a map of the U.S.A., with a representative distribution of the plots aligning with each state’s size. Not all the states will be available for sale at first. However, the platform will organize private sales for particular ones through its Discord channel.

The virtual land sizes are:

•       200 Extra Large Estates 24×24
•       500 Large Estates 12×12
•       1,000 Medium Estates 6×6
•       10,000 Small Estates 3×3
•       17,660 Premium Land 1×1
•       70,640 Basic Land 1×1

The Presales Phase One (Q1 2022) will make the Southeastern U.S.A. Map available for purchase. Palaneum will distribute the remaining virtual lands over time to allow for stable processing, marketing, and customer service. The pre-sale price will start at $500 per 1×1 basic land plot and increase according to size categories. In time, the virtual land prices will adjust, reflecting the number of in-game users, market demand, and available NFTs in the marketplace.

Roadmap

Palaneum launched its website in February 2022, and the project is rapidly progressing. Currently, the team is developing the concepts and storylines of its upcoming games. Also, it attracts investors and gamers through two noteworthy events, land offerings (Q1, 2022) and an in-game rewards token (Q4, 2022). The alpha version of the first Palaneum game should also launch towards the end of this year.

According to the project’s whitepaper, the Palaneum Metaverse roadmap includes:

•       February 2022 – Launch of Palaneum Ape NFTs
•       March 2022 – Launch Virtual Land Pre-Sales – Round 1 of the Palaneum Metaverse.
•       March 2022 – Launch Palaneum NFT Marketplace for Buy/Sell/Create NFTs
•       June 2022 – Establish “Arcadia,” a micro-gaming environment where members can play games.
•       April-December 2022 – The team will focus on the ongoing progress of the Palaneum Metaverse Game, Alpha version. The stage will see the development of quests, gaming stories, features, and guidelines for the metaverse.

Final Thoughts

Palaneum provides a limitless Metaverse with something to do or earn for everyone. Its NFT marketplace brings together NFT creators, artists, collectors, and traders. Meanwhile, the virtual land plots allow investors to settle into the metaverse, build, and explore new worlds. Lastly, gamers benefit from the play-for-rewards system to gain income perks while playing various blockchain-based games.

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Meanwhile, for more information about Palaneum, please follow the links: Website | Twitter | Instagram | Discord.

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