The first official buyback has been successfully completed, involving a total of $20,000 in Land NFTs. This initial buyback is just the beginning, with plans for future buybacks to be staggered for strategic flexibility. The buyback process includes burning some of the acquired Land, permanently removing it from existence, while others will be redistributed as Soulbound Assets to players, which are not tradeable and exist solely for in-game use. This approach aims to create a dual-deflationary effect, reducing the supply of both the Land NFTs and the $QUEST token over time, thus increasing their value. Additionally, a dedicated channel has been established for updates on buybacks and an upcoming $QUEST burn is also anticipated.
