#nextearth

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Next Earth DAO Beneficiaries

The four organizations that will benefit from this donation are The Ocean Cleanup, SEE Turtles, Kiss the Ground, and Amazon Watch. A DAO, or Decentralized Autonomous Organization, was used to take votes from the community on how to allocate the funds across these four entities.

The Ocean Cleanup won the most votes, receiving around 86 BNB, with SEE Turtles receiving 35 BNB, and the remaining 51 BNB being nearly equally split between Kiss the Ground and Amazon Watch.

The Ocean Cleanup is a non-profit organization working to develop a cleanup system capable of removing plastic from the world’s oceans and rivers. As part of their effort, they’ve developed a robust research and development program focused on developing innovative technologies for plastic removal.

SEE Turtles works to help save sea turtles through conservation tours, supporting important nesting beaches, working to end demand for turtle shells, helping clean up plastic waste, and more.

Kiss the Ground is a non-profit raising awareness around the importance of soil and regeneration. They’ve released a full-length documentary, with the same name, narrated by Woody Harrelson, on the topic of regenerative agriculture.

Finally, Amazon Watch works to protect the rainforest and its inhabitants. They’ve been at the forefront of the fight against destructive projects in the Amazon.

Why a DAO?

The Next Earth project is a great example of how blockchain technology can be used for good. By allocating 10% of each virtual land purchase to environmental causes, this project is helping to make the world a better place — and it’s doing so by leveraging blockchain technology in novel ways that traditional charities can only dream of.

NFTs and DAOs are enabling new models for charity fundraising that go far beyond just writing a check. By using blockchain technology, we can now create new forms of participation where individuals don’t just give money — they also get a say in how it’s spent.

This is an exciting time to be involved in charitable giving because we’re starting to see new ways of doing good emerge right before our eyes — and they’re all powered by blockchain technology.

So we can thank NFTs for helping artists realize their full worth, as well as being able to hold on to the copyright of the pieces they spent so long making. And though NTs have proved hugely helpful for this group of creatives, another industry that is beginning to benefit from the introduction of NFTs, is the world of online gaming, both games developers and the players themselves.

Once again, we have a situation where companies and their talented employees are producing original designs and products. Then we have the same old story, whereby, once these digital items are out on the internet, then the original designers lose all control over their work. Thanks to NFTs being able to ensure the ownership rights for the original developers are respected, it has changed the digital gaming landscape. As such, it has helped to make it easier for gaming companies to develop more products and digital items, as they are now safe if in the knowledge of perpetual ownership.

One of the first gaming platforms to embrace NFTs was Axie Infinity. By allowing all the users to to buy and sell in-game items via NFTs. When an item is purchased, the ownership rights are minted as an NFT on the Ethereum blockchain. You can look at this as a huge ledger that's open to anyone with an internet connection. By simply perusing the Ethereum blockchain, you are able to discover who owns what digital asset. With this suddenly we have added clarity to issues of copyright. It has allowed the gaming industry to grow in confidence and already we can see other gaming platforms keen to take advantage of the practical solutions offered by NFTs.

Another example is Microsoft, who as you probably know, own the massively popular online game, Minecraft. Microsoft now encourages creatives to develop their own gaming worlds, as well as items and skins. Once again, thanks to the power of NFTs, developers feel confident that they will see the fruits of their endeavors, both now and in the future. In fact, built-in smart contracts that exist within the NFTs will allow those who developed as well as original investors, for example, to see a continuous percentile return stretching into the future. In other words, whenever an item is bought or sold then the NFT itself ensures that the original developer or designer receives a percentage of the price.

Although we are on the cusp of a new dawn for gaming industry developers and games producers, there is still the hurdle of encouraging companies to look further than their own limited game’s horizons. For example, if you head over to the Steam Marketplace you'll find many items and skins available for huge sums of money. But a limiting factor is that they are only available in their own gaming ecosystems. In fact, many companies will ban players who attempt to either mint these skins as NFTs or sell them outside of the original game marketplace. Now that the developers themselves can mint their own products as NFTs, we should start to see an opening up of all these different games marketplaces, allowing players to chop and change as they choose. Imagine that you could bring a purchased item from one game to the next on a completely different platform.

And it's this ability to move between different platforms that is driving another new start-up called Next Earth. They are a metaverse project that recently made a huge splash in the crypto space. Right from the get-go, they have decided to build their business around three main foundations; NFTs, DOA governance and DeFi finance. Though the initial stages involved players buying land and sea tiles from a replica map of the Earth, that's just the beginning. Their goal is to use all three factors previously mentioned in order to start building a self-sustaining and unique economy based on a metaverse version of the real world. Though there are some other metaverse platforms out there, they are more interested in embracing an online gaming experience. But Next Earth wants to open itself up to more than just internet gamers.

Sounds like a great project, sign me up!

By making use of the inherent positive aspects within the NFTs themselves, Next Earth is looking to build a real economy bringing together real-world businesses and having them interact in a virtual world where all virtual sales would equal tangible sales in the real world. Thanks to NFTs everything can be tracked and recorded on the blockchain. Right now, Next Earth’s unique approach to metaverse building is attracting a lot of attention. If you want to find out more about this exciting new community, then head over to their discord server and feel free to join the conversation.

One of these new virtual land based platforms is Next Earth. Built up on the foundations of DeFi innovations, DAO governance and metaverse economy building. And with all records minted as NTs on the blockchain, this platform already has solutions to many of the practical questions of land ownership. In fact, the ownership of virtual land forms a basic pillar of the whole Next Earth metaverse project. By starting with the sale of earth tiles, Next Earth is looking to build on land ownership innovations. Early adopters to the project will be able to partake in exciting metaverse building from the very beginning.

Probably the biggest question on everyone's lips is: why be a virtual landowner? There are a huge number of reasons why virtual land ownership is full of possibilities. Let's have a look at them one by one.

Early Adopter Advantage

As with virtually all things crypto, the major benefits appear to go to early believers. Right now, virtual land ownership is coming to the forefront of investor’s minds as the media has started to pick up on these fantastic opportunities. Those who are able to jump in early will reap future rewards as the project’s initial team of supporters.

Huge Growth Potential

You only have to take a look back when cryptos first started to make an impression across the public consciousness to understand how quickly any new project can pick up speed. In doing so, potential growth can become massive. Once again, those who jumped in early will be the ones crushing it.

New Business Possibilities

Although the Next Earth initial phases are focusing on the sale of virtual land, it's what buyers will be able to do with their land plots that will be driving this metaverse project forward. The possibility of either using your land for construction or rental, especially with the introduction of smart contracts on the blockchain, allows for a complete economy to be constructed around the initial sale of virtual land.

Increased In Market Value

As with virtually all crypto projects, the greater the number of users, then the faster the price of virtual land will rise. But keep in mind that the idea behind the whole project is to construct a self-sustaining ecosystem. One that is able to run itself thanks to DAO elements, as well as DeFi. The overarching goal is to construct a metaverse platform which will function as an autonomous profit-making economy.

Staking For Profit

Right now, “staking” is one of the buzzwords you'll hear in relation to cryptocurrency projects. Next Earth landowners will soon have access to tokens. Thanks to being a landowner, you will have the possibility to stake for profit.

NFT Collectables

Once land ownership NFTs are minted on the Ethereum blockchain, then Next Earth landowners will have the opportunity of using their land to construct a portfolio of any number of NFT collectibles. And keep in mind that these NFTs will have their own smart contracts built-in, allowing benefits to flow backwards to the original holders.

DAO Voting And Governance

Next Earth is one of the first metabase projects to implement complete transparency through DAO. You can look on this as a form of democratization, whereby the project is in the hands of the landowners. Only they are allowed to participate in deciding the project's direction.

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If you didn't get in on the first round, then never fear, as the pricing algorithm has not yet kicked in. The marketplace will open towards the end of September 2021 and we're expecting to see a surge of interest which will push land prices even higher. Once again, there will be many buyers who will not be looking to sell, but rather focusing on the long-term benefits that come with a virtual land ownership. Presently, Next Earth has built up a substantial community of like-minded people. All are basically interested in looking for opportunities in which they can build and contribute to making the project even better. For them, their community is very much involved in helping other New Earth landowners discover the possibilities of their land ownership.

If you take a look around the Next Earth White Paper you'll discover many new ideas which, coupled with knowledge and innovation, will only lead to terrific rewards for those who buy land at any stage. Whilst there’s presently an ongoing media campaign to promote awareness, the metaverse project also has a system by which buyers are awarded for sharing their Next Earth experiences.

The state of NFTs today

Although NFTs are a relatively new concept within the blockchain industry, there have been significant developments in the field to fill out ten years. Axie Infinity recently took the NFT space by storm with its unique approach to gaming. The platform allows users to buy and sell in-game items and NFTs to anyone else on the platform. This integration creates a robust NFT economy that subsequently generates income. As of today, the entire marketplace charges 4.25% of every trade completed on the platform.

These NFT and gaming industry developments paved the way for noteworthy NFT projects such as NextEarth. NextEarth is an NFT platform that aims to actualize digital land purchases. The platform allows users to buy and sell land instantly and directly from their wallets.

How NFTs are changing the gaming industry

Audentes Fortuna iuvat — as the famous proverb loosely translates, “Fortune favors the bold.” This Latin proverb could not be more accurate than in the case of Bitcoin. Early adopters of Satoshi Nakamoto’s revolutionary blockchain idea have reaped the seeds of their bravery in multiple folds, seeing their investments shoot for the famed ‘moon.’ NFTs are the latest innovation to spinoff from Satoshi’s vision, and they have proven to be promising concepts that are worth investing in.

NFTs are blockchain-based. Hence it is easy to track ownership of these digital assets to ensure the authenticity of every collectible item.

The gaming industry has ardent supporters with thousands of dollars invested in their favorite games. Generations of game players have made this industry the behemoth that it is now, presently valued at over $90 billion. It is not all roses in the gaming industry, though. For example, on the Steam marketplace, “skins” from the Counter-Strike video game series sell for several thousand dollars. However, these items are limited to the game ecosystem. Any attempt to sell skins as NFTs outside the game may result in a permanent ban or the seller getting scammed.

The introduction of NFTs can improve on this age-long shortcoming. According to Jeremy, CEO of Leyline, NFTs present a free-to-play model, allowing users to import NFTs into different games.

NFTs are becoming more popular with several exciting projects in line to be improved by this innovation. The gaming world is the latest to embrace its potential. Below are some interesting NFT projects that will undoubtedly propel the industry to the next level.

NFT projects: The new frontier

One interesting NFT project to look out for is the Next Earth project. This project is based on the Binance Smart Chain because of its fast transaction time and low fees. The smart contracts are built on the Ethereum blockchain network, and the prices are validated through Chainlink oracles. Next Earth has sparked interest across the internet, with an overwhelming number already interested in becoming virtual landowners.

Additionally, NFTs are increasingly impactful in the gaming sector for both gamers and developers. For Instance, Minecraft permits the creation of individual gaming worlds and skins. Through the power of NFTs, designers can create and sell unique designs to gamers in the future.

Conclusion

NFTs are revolutionary in several ways. Ideally, the concept has the potential to recreate several aspects of our lives. The gaming industry, in particular, is already benefiting from these NFT concepts, leading to a significant surge in revenue for game owners, developers, and investors.

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Metaverses are whole new digital universes where brands reach out to community members directly. Creator economies give precedence to digital innovation. Unlike a traditional centralized business environment, the shared values drive financial considerations. It is pure creativity manifested at an unprecedented scale.

Finance will never be the same 

The launch of Bitcoin was an epochal event in the financial realm. The technological empowerment it gave to the traditional finance world bought massive shockwaves that have transformed the way people buy and sell things. Today, NFTs are having a similar impact on the crypto realm as they power entire metaverses.

True Ownership – Unlike central bank-controlled fiat, NFTs are truly owned and controlled by the individual.

Permanence – NFTs exist forever from the day of minting.

Provable Scarcity – Community-driven checks ensure NFTs retain their value.

Provable Provenance – Recordable existence ensures the entire history of NFTs’ existence.

Programmability – Smart contracts deliver custom functionality.

Devoid of any intermediaries, tokens will provide lightning-fast transaction times along with superior security features. The trust factor improves multiple folds by removing intermediaries. NFTs represent digital assets value where an individual wields absolute control with zero centralization characteristics and transparency.

One NFT will represent one hundred square meters of the Earth's surface. Users can purchase NFTs only via a crypto gateway to foster the broader adoption of cryptocurrency. 

Token economies are transformative – So, are metaverses

Decentralized economies are too big to ignore. As virtual land deals score higher each day, the NFT-driven revolution waxes stronger. These transactions offer lower friction, quicker transactions, favorable market conditions, higher security, and extensive customization. In metaverses, tokens are the lifeblood.

In the future metaverses, tokens will take many forms and perform various functions. For example, different tokens will be used for utility services, virtual land, art tokens, etc. The NFT economy is going to encompass every aspect of your digital being.

NFTs are just getting started

The spark ignited by Bitcoin grew into the embers nurtured by NFTs. From all indications, these embers are ready to grow into a raging inferno that will engulf every aspect of crypto and virtual life as we know it. 

From digital artists to games and subscriptions, every metaverse activity will be accessible via NFTs. From a user experience standpoint, the current breed of NFTs is just the beginning of a developing spectrum of financial solutions.

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