The excitement surrounding the Metaverse and its underpinning technology continues to accelerate. Speculators, enthusiasts, and brands all aim to solidify their presence in the virtual world. Notable projects, such as The Sandbox, Decentraland, and others, continue to note strong land plot sales. Prices have gone up as much as 500% in recent months, primarily due to Meta – formerly Facebook (NASDAQ:FB) – announcing its Metaverse push.
Introducing Next Earth – The Project Bringing the Metaverse into the Future
Next Earth is the next land-based Metaverse project trying to disrupt the scene. Rather than creating a new virtual world, it uses the surface of the Earth as a home to hundreds of thousands of land plots. To date, over 350,000 plots have been sold, with each landowner becoming an active participant in the economy. Moreover, a virtual landowner can run a business, participate in the Next Earth DAO (Decentralized Autonomous Organization), and receive income from the Next Earth Metaverse activities.
Upcoming Token Sale And Future Plans
Next Earth has a multi-pronged approach to building its Metaverse solution. The first topic on the agenda is the January 22nd token presale on the native Next Earth Launchpad. It is accessible to any user owning $100 worth of land or more, and will be available until the 27th. The token, dubbed NXTT, can be staked to earn rewards and unlock other bonuses. Landowners have a dedicated Tier to determine their purchase price, with every Tier having a pre-determined amount of NXTT for purchase. Tiers are determined by the time of purchasing land and the acquisition cost. Additionally, every Tier has a different vesting rule to ensure fairness for all participants and investors.
Following the NXTT launch, there will be multiple proposals – dubbed NEIPs – for DAO users to weigh in on. These proposals serve as an initial roadmap, with NXTT holders determining the project’s future. Eventually, Next Earth will transition to a fully DAO-controlled self-sustaining platform under a non-profit organization structure. Platform fees will be distributed across multiple wallets, including 10% automatically dedicated to environmental charity and Next Earth has donated over $800,000 to charity since its inception.
The team also notes several crucial milestones since its launch. A strongly growing community across Twitter (NYSE:TWTR) and Discord confirms interest in the land plots currently owned by over 30,000 users. Additionally, the project has over $8 million in income since August, and users pocketed $750,000 commission from land NFT sales. Finally, artists fueling the Metaverse economy have created over 1,000 land arts, resulting in community-driven fansites such as Land Art Collectables.
As global demand for land-based NFTs in the Metaverse keeps rising, locations like MET New York, the Colosseum, stadiums, and other landmarks provide a unique opportunity for landowners to put them to good use and benefit from very real upsides. Making the most of these locations and their opportunities in the Metaverse is up to individual users and how ambitious they want to be in the virtual world. The only limit is one’s imagination.
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