Phase 2 Closure — Why and What’s Next?
April 22nd, 2022
Firstly, we would like to welcome all of our new residents that have purchased a new Apartment either through minting or from the secondary market over the past two weeks, with a special mention to those that chose Ethereum Towers to be their first-ever NFT. If you haven’t done so already, be sure to join our Discord, this is where Ethereum Towers really shines as a project!
Phase 2 Closure
We knew as we were preparing to launch Phase 2 that the NFT space was in a bit of a lull and a complete sellout would prove to be challenging, and this proved to be the case even after our successful Phase 1 sellout. However, considering the current market conditions, we’re content to have sold over 25% of this phase without also affecting the secondary floor price.
As of April 30th, we plan to close Phase 2 while we continue our work behind the scenes for Ethereum Towers and the greater Ethereum Worlds Metaverse. In addition, we will continue our focus on the forthcoming launch of our utility token ($TWR) scheduled for early Summer ’22. Any unsold Phase 2 Apartments will be rolled into our varying ecosystem strategies.
To ensure fairness for those that have already minted or will mint a Phase 2 Apartment before April 30th, all $110,000 of bonuses and incentives will remain intact. So if you have minted an apartment in Phase 2, your odds of winning a prize have now nearly quadrupled (at time of writing) due to the early closure of Phase 2 (including the $20,000 grand prize)! Some really great news for those that have invested in Phase 2!
Loyalty Snapshot
Please note that the first loyalty snapshot has not yet been taken, so there is still a chance to receive the maximum rewards for holding your Apartments which are still available to minted until April 30th, or to buy on OpenSea’s secondary market.
NOTE: The first loyalty snapshot is scheduled to be taken sometime between now and the end of this month. Please review the loyalty snapshot announcement linked below.
Next Steps
As is always the case at Ethereum Towers, we have our heads down designing and building out our ecosystem, while our immediate focus is now firmly centered on our upcoming utility token, apartment staking, and token staking platforms. We will continue to share further elements described in our roadmap which are highlighted in the linked article below.
On a final note, we are excited to announce that we’ve just recently onboarded two marketing and PR firms to help facilitate exposure for the project and to continue to attract new community members. These new hires constitute a sizeable monetary commitment and we anticipate some positive momentum while we await the deployment of Ethereum Worlds Metaverse.
The Team is looking forward to an exciting Summer with many activities and surprises along the way! Thank you for choosing Ethereum Towers!
