{"posts":[{"id":18739,"title":"The Token Burning Party","excerpt":"It\u2019s been five months since OVR launched, and things are moving fast!!! To date, we\u2019ve already sold 260k OVRLands, and the Eiffel Tower for $106k. We launched our Merkle Proof-based Secondary Market, established the OVR Builder in its Beta version, and created the OVR Art Gallery. Perhaps even more importantly we\u2019ve already accumulated enough liquidity [&hellip;]","content":"<p>It\u2019s been five months since OVR launched, and things are moving fast!!!<br \/>\nTo date, we\u2019ve already sold 260k OVRLands, and the Eiffel Tower for $106k.<br \/>\nWe launched our Merkle Proof-based Secondary Market, established the OVR Builder in its Beta version,<br \/>\nand created the OVR Art Gallery.<\/p>\n<p>Perhaps even more importantly we\u2019ve already accumulated enough liquidity to finance our current level of<br \/>\ndevelopment and marketing expenses for the next four years.<br \/>\nThat puts our project in a very resilient, bear-market proof position.<br \/>\nOVR will keep on developing, and advancing our roadmap, even if the music stops playing tomorrow, but I\u2019m willing to bet that it won\u2019t \ud83d\ude09 .<\/p>\n<p>With that said, we\u2019ve decided to start burning part of the OVR Token we\u2019ve accumulated from OVRLand sales.<br \/>\nThe first token burn will happen on the 30th of May, exactly six months from our launch date.<br \/>\nWe\u2019ll be burning 1,000,000 OVR Tokens from the OVR treasury, and of course, we\u2019ll be throwing a party to celebrate!<br \/>\nA soon-to-be-announced live DJ, in a motion-tracking suit, will be throwing down on the 1\u2019s &amp;2\u2019s, so get ready for this special OVRLive event!<\/p>\n","permalink":"the-token-burning-party","date":"2021-05-10 00:00:00","image_small":"https:\/\/blog.ovr.ai\/wp-content\/uploads\/2024\/02\/20210511_105320-150x150.jpg","image_medium":"https:\/\/blog.ovr.ai\/wp-content\/uploads\/2024\/02\/20210511_105320-300x158.jpg","image_large":"https:\/\/blog.ovr.ai\/wp-content\/uploads\/2024\/02\/20210511_105320-1024x538.jpg","image_full":"https:\/\/blog.ovr.ai\/wp-content\/uploads\/2024\/02\/20210511_105320.jpg","single_url":"https:\/\/blog.ovr.ai\/the-token-burning-party\/","translations":{"en":{"single_url":"https:\/\/blog.ovr.ai\/the-token-burning-party\/","permalink":"the-token-burning-party"},"fr":{"single_url":"https:\/\/blog.ovr.ai\/fr\/la-fete-du-burn-de-jetons\/","permalink":"la-fete-du-burn-de-jetons"},"es":{"single_url":"https:\/\/blog.ovr.ai\/es\/the-token-burning-party-2\/","permalink":"the-token-burning-party-2"},"tr":{"single_url":"https:\/\/blog.ovr.ai\/tr\/the-token-burning-party-3\/","permalink":"the-token-burning-party-3"},"zh":{"single_url":"https:\/\/blog.ovr.ai\/zh\/the-token-burning-party-4\/","permalink":"the-token-burning-party-4"}}}]}