Next Earth is looking to bring a whole new groundbreaking frontier to the Metaverse. While several crypto projects are currently employing VR/AR technology to create their own versions of the Metaverse, Next Earth is aiming on developing a fully DAO-controlled, interoperable, and completely democratized Metaverse in which users have actual digital ownership over their avatars. Gabor Retfalvi who is the Founder and CEO of Next Earth said:
“10-15 years from now we’ll be living in the Metaverse. I’d rather live in a fully democratic world where I have true ownership and agency over what happens to me rather than a video game monetizing me to the bones, owned by a large corporation.”
Since August, Next Earth has sold over 350,000 virtual lands NFTs, leveraging the Earth’s surface as a starting point for the project. Virtual landowners become active players in the NextEarth economy, with the capacity to establish enterprises, participate in the DAO that governs the Metaverse, and get money from the platform’s activity.
In the democratized future, VR and user-generated content will be critical, but Next Earth’s foundations are built on the creation of a self-sustaining Metaverse economy first. By the time the Metaverse is ready to properly welcome and entertain users 24/7, it will have tremendous chances to supply state-of-the-art technology solutions.
The team is currently working on its token launch, which will take place on the newly launched Next Earth Launchpad on January 22nd, 2022. Between the 22nd and 27th of January, any Next Earth user with at least $100 in land can participate in the token presale, after which token holders will be able to stake NXTT on their property to win awards and gain access to other incentives. Trading on the DEX will begin on January 27th.
(Each Next Earth landowner will be allocated a Tier, which will influence their purchase price.) A certain amount of NXTT is allotted to each Tier. When they become a landowner and how much they spent on land will determine their tier. We can offer discounts to the first and most active landowners in this way. Different vesting rules will apply to different tiers. This is done to ensure that the community is safe from bad actors.)
Following the launch of NXTT, Next Earth will publish a series of proposals known as NEIPs that will help shape the platform’s future and serve as a roadmap. The community will be able to vote on which NEIPs are the greatest and most promising, giving them a meaningful say in the path Next Earth takes.
However, establishing a profitable Metaverse is only the first step. Next Earth’s endgame is a completely DAO-controlled state-of-the-art self-sustaining platform that will eventually transition into a non-profit corporation, distributing all of its income generated outside of the platform operations to environmental charities.
“The real enemy today is climate change. We realized right at the beginning that with this project we have the opportunity not just to capitalize on our efforts, but to start donating to more important causes right from the very first seconds. The percentage of this allocation is high because we wanted not just to use charity as a marketing tool, but really deliver the amount we wished for.” – explains Retfalvi the reasoning behind having donated over $800k to charity upon Next Earth’s inception.
NextEarth in Numbers
- Next Earth has 30k land owners and over 180k registered users, with actively growing social traction including 36k Twitter followers and 50k+ Discord community members, and on average 50 thousand daily website visitors.
- More than 8 million USD total income since August 2021, donated more than $800k to environmental charity.
- Land NFTs sold: Since the platform’s launch (August 17th 2021), there are more than 326,500 NFTs minted, $750k commission earned by users.
- Since its start on 26th of September, the Next Earth Marketplace had 2418 transactions worth $717,843, more than $650k profit realized by these sales by the 1st of January.
- The largest transaction so far was the MET New York, resold for $32k with an original purchase price of $100. Pyramids, The Colosseum, many stadiums, and other hot Points of Interest köwere also traded at similar values.
- NFT artist activity is also gaining traction with over 1000 Land arts already created on Next Earth, and community-driven fan sites popping up like www.landartcollectables.com.