{"id":3110,"date":"2024-08-09T10:54:57","date_gmt":"2024-08-09T10:54:57","guid":{"rendered":"https:\/\/blockwind.news\/china\/2024\/08\/09\/despite-the-delay-brought-on-by-the-ftx-star-atlas-plans-to-sell-4-nfts\/"},"modified":"2026-01-07T17:17:07","modified_gmt":"2026-01-07T17:17:07","slug":"despite-the-delay-brought-on-by-the-ftx-star-atlas-plans-to-sell-4-nfts","status":"publish","type":"post","link":"https:\/\/blockwind.news\/china\/2024\/08\/09\/despite-the-delay-brought-on-by-the-ftx-star-atlas-plans-to-sell-4-nfts\/","title":{"rendered":"Despite the delay brought on by the FTX, Star Atlas plans to sell 4 NFTs"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">December 6, 2022<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Murtuza Merchant<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In response to the effects of FTX&#8217;s collapse, Star Atlas NFTs are entering the market at a sharp discount. Star Atlas&#8217; CEO, Michael Wagner, informed followers via a&nbsp;<a href=\"https:\/\/twitter.com\/at_mwagner\/status\/1591178746085527552?s=20&amp;t=dVizU1_06KZn77JtI51L-w\"><u>statement&nbsp;<\/u><\/a>on Twitter that a sizable portion of the company&#8217;s short-term cash was invested in FTX.<br><br>As a result, Star Atlas has a runway that has been cut in half, going from years to perhaps a few months. Wagner&#8217;s plan to raise money, therefore, appears to include selling Star Atlas NFTs.<br><br><strong>NFT Ships are Sold by Star Atlas to Weather FTX<\/strong><br><br>The Titan Sale will serve as the opening event for the NFT sales, which will take place over several months.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are three ships available, one Titan for every faction. To be more specific, the sale begins with an 80% discount and drops by 10% each week.<br><br>Titans are typical $5 million in cost.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Titan is now $1 million cheaper to acquire, which is a significant saving! In the week of November 21st, the Titan sale will start.<br><br>The Special Ship Sale, for ships that haven&#8217;t sold successfully, will be the second sale that takes place.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is a chance for Star Atlas to reorganize while rewarding fans. The declining discount of 80% remains the same. Also starting the week of November 21st is this sale.<br><br><strong>NFT Sales Are Set to Go On for Weeks<\/strong><br><br>The Claim Stake Sale and the Land Claims Sale, which will take place at an undisclosed time in the coming weeks, will also offer Star Atlas NFTs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Resources are taken from the planets that players visit through Claim Stakes. Meanwhile, players can dock cargo and receive in-game incentives via Land Claims for the Central Space Station.<br><br>Will these sales provide Star Atlas with the necessary breathing room to survive? Michael Wagner, the CEO of the business, declared, &#8220;I passionately believe that we will not fail.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About the author<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Murtuza Merchant is a senior journalist and an avid follower of blockchain, cryptos and NFTs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>December 6, 2022 By Murtuza Merchant In response to the effects of FTX&#8217;s collapse, Star Atlas NFTs are entering the market at a sharp discount. Star Atlas&#8217; CEO, Michael Wagner, informed followers via a&nbsp;statement&nbsp;on Twitter that a sizable portion of the company&#8217;s short-term cash was invested in FTX. As a result, Star Atlas has a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-3110","post","type-post","status-publish","format-standard","has-post-thumbnail","category-all"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Despite the delay brought on by the FTX, Star Atlas plans to sell 4 NFTs - Blockwind News<\/title>\n<meta name=\"description\" content=\"Despite the delay brought on by the FTX, Star Atlas plans to sell 4 NFTs . 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