# SQUARE

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SQUARES are NFTs (using the ERC-721 standard) representing physical land parcels on the Metaverse.
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Whalepod is based on a map of 44,100 SQUARES (210\*210). These digital land assets will have unique (x,y) coordinates, an owner, and an asset description file, which contains information on what the SQUARE owner wants to serve on it.

SQUAREs are bought with WLPD.

To this effect, WLPD serves as a proxy for the cost of claiming a new piece of virtual land. For optimum distribution, a new SQUARE can only be adjacent to a non-empty one.

On launch, only 50% of the available SQUAREs will be listed for sale, with the rest being sold via auction after a year from launch. Given the finite nature of these land assets and the fact that a lot of these might be snapped up by early backers, we will eventually enable:&#x20;

* **Reselling** of SQUARE blocks on the marketplace, often with prebuilt grand HQs;
* **Renting** out the same to one or more companies (shared HQs)

This will result in a thriving secondary market for SQUAREs.
