New NFT marketplace is launched at Terra Classic
- The MIATA NFT marketplace is expected to contribute to the fierce competition for dominance in the digital collectibles space.
- While competition for Polygon is welcome, the unstable nature of the Terra network leaves a lot to be desired.
The NFT marketplace continued to be a big part of the success of the crypto-asset sector, with several platforms vying for the top spot. However, the NFT space will soon welcome a new marketplace on the Terra Classic network, which is set to present a tough challenge for Polygon.
MIATA is preparing for launch
In a recent Twitter post on November 13th, the famous Terra Classic community validator, LUNC DAO, revealed that the new NFT marketplace, MIATA, will be launched on the Terra Classic platform on November 14th. Accordingly, the community has organized a question-and-answer session to discuss issues surrounding the launch.
In addition, LUNC DAO will co-chair the discussion with a leading community influencer with the Twitter alias @Classy. Furthermore, the launch of MIATA will be followed by the minting of 2,000 MetaGloria digital collectibles that users can buy and sell on the platform.
Must host this $LUNC AMA w/ @LUNCDAO.
Looking forward to talking about #LUNCH projects! https://t.co/986nM9xru7
— Classy 👾 (@ClassyCrypto_) 14 November 2022
MetaGloria is a money-making game that will launch on the Terra Classic Network early next year. A team of Ukrainian developers lead the project together with some crypto game enthusiasts. According to the site, the project aims to bring as many players as possible into the crypto industry and reduce the supply of Terra Luna Classic tokens.
In addition, the MetaGloria initiative will mark two collections of around 3,000 NFT. The collections will come with more than 100 unique properties that match the different users of digital art. According to the project design, users can burn the LUNC token as soon as the project goes live by exchanging it for the GLS token, an in-game resource.
Expand the Terra Classic network
The MetaGloria collectible is one of many NFT projects debuting on the Terra Classic platform and MIATA market. Several similar initiatives are about to be launched or are already planned for an unveiling. Another LUNC validator has revealed that another project, the LUNCPenguins NFT Collections, is preparing to launch at MIATA soon.
According to the validator, who goes by the Twitter account @HappyCattyCrypto, the minting price for the 1,000 unique LUNCPenguins is 200,000 LUNC, worth about $34 at present value. As expected, the LUNC community is excited about the latest NFT project because it represents another significant milestone in the network’s commitment to ensuring utility by creating alternative ways to burn LUNC.
Meanwhile, the recent launch of the MIATA NFT marketplace on the Terra Classic ecosystem has yet to have any positive effect on LUNC’s price action. LUNC is down 2.58 percent in the last 24 hours and is trading at $0.0001742, according to Coinmarketcap data. However, it may be too early for the price to rise. Time will tell if this news will lead to a price increase for LUNC.
