A virtual real estate company to help you buy a virtual home.
Take a walk in any neighborhood and one of the first things you notice is the number of real estate signs. No matter how beautiful the properties and their gardens are, you can be sure that real estate signs are the bane of many streets. … New metaverse. So we present to you the very first digital virtual real estate agency, called Republic Realm. It is a private investment platform that invests exclusively in assets located in the virtual world. And just in case you think this idea is completely crazy, we would like to point out that affiliate, OpenDeal Inc, just received a $ 36 million cash injection from Galaxy Digital.
This is part of a major ‘crypto’ investment that is helping propel the entire digital real estate market up and out, further into the public eye. In recent months, there has been increased interest in all aspects of virtual real estate. Republic Realm attributes this phenomenon to a number of factors that collided simultaneously. These include the growing acceptance of emerging technologies such as virtual reality, as well as changes within blockchain technology, such as the authorization of smart contracts and the minting of NFTs (mint). And finally, it should be mentioned that the pandemic has led many people to have a lot more time to spend online. “A lot of these trends are converging now and COVID-19 has really accelerated their growth,” TJ Kawamura, who is the product manager for Republic’s real estate arm. “I think people are trying to find new ways to engage and build community. It’s not just for nerds anymore, ”he joked. For the past three years, Kawamura has kept an eye on every virtual metaverse that has emerged (right, left).
In launching this fund, he decided to focus on the management and development of virtual lands, as well as their acquisition on metaverse platforms such as Sandbox, Axie Infinity, and Decentraland. Investments are converted into NFTs or Non Fungible Tokens. These are potentially blockchain assets that can be used to prove both ownership and scarcity of a digital asset. The plots of land Republic Realm purchases on these virtual worlds are valued based on their location, size, and previous sale price. “All this NFT craze has really taken him to the next level,” he said. Kawamura suggests a direct correlation between the growing awareness and popularity of blockchain, particularly the Ethereum blockchain which has led to a boom in NFTs and now virtual real estate. As he points out, “Decentralization is one of the greatest worlds. About three years ago, you could buy a plot for the US $ 550.
Today it is trading at around the US $ 8,000. ” He also points to a metaverse called The Sandbox and claims that a similar trend has been seen there. “A parcel was trading at the US $ 30 four months ago and now it is trading at the US $ 880,” he said. “So space is really exploding”. Of course, the question that arises is the following: what can be done with this “virtual” and why is its price increasing? Republic Realm and its investors see enormous profit potential. Once the land is purchased, it can be used for many purposes, including as a showcase for the sale of goods, advertising space, virtual art gallery, etc. Right now, there are even virtual casinos located on metaverse that pay real people to run their games.
Sotheby’s has opened a virtual art gallery. As Kawamura says, “there are a lot of possibilities for brands to access these new spaces in new and creative ways”. With traditional real estate being so expensive and also requiring long-term maintenance, it makes sense for new investors to buy digital real estate. Not only is it more affordable, but it’s also more sustainable and it allows the owner of virtual land to have an accessible entry point in the whole of the metaverse. “It’s much more difficult if you want to build your dream house in the real world,” Kawamura said. “You can access it in a matter of minutes and it doesn’t require you to be a graphic designer”.
To give you an idea of the boom in the digital real estate market, just a few months ago, contemporary artist Krista Kim, who describes herself as an “artist of technism,” designed a digital home called Mars House. It was listed on the super rare virtual commerce platform as an NFT and sold within hours for 288 Ether, or $ 514,557.79. What did the buyer get in return for this money? A set of digital 3D plans so that he can upload his own house to the metaverse. The sale is also accompanied by an exclusive soundtrack by Jeff Schroeder of the Smashing Pumpkins.
Right now, you can find real estate brokers such as Shane Dulgeroff, who sells physical properties with an NFT attached to Open Sea. In addition, last month, a parcel of land in Paris sold for more than 3,500 dollars after being bought for less than 100 dollars on the new Metaverse platform, Next Earth. “There are now people coming from the traditional real estate market who are wondering how to get what I know from the real world to the virtual world,” Kawamura said. The Republic Realm is currently only open to accredited investors. Kawamura believes the virtual real estate industry is quickly heading to a new high. As he says, “this is the start of the virtual Renaissance”.
Next Earth NFT donates an additional $ 64,260 to charity
Until recently, charitable giving to protect the environment was dominated by large national foundations and governments. … There is a new Metaverse project that donates to environmental initiatives and is powered entirely by blockchain technology. Next Earth is an NFT based replica of the Earth that allows individuals to purchase digital plots of land.
Here’s how it works: Every time a virtual land purchase is made, 10% of the purchase price is pre-allocated to donations. In September, Next Earth sold more than $ 640,000 worth of virtual real estate, which means that $ 64,260 will be donated to environmental
Beneficiaries of the next DAO of Next Earth
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 collect community votes on how to distribute funds among these four entities. Ocean Cleanup won the most votes, with around 86 BNB, SEE Turtles received 35 BNB, and the remaining 51 BNB were split almost evenly between Kiss the Ground and Amazon Watch. The Ocean Cleanup is a non-profit organization working to develop a cleaning system capable of removing plastic from oceans and rivers around the world.
As part of its efforts, it has established a strong research and development program focused on the development of innovative technologies for the disposal of plastic. SEE Turtles works to save sea turtles by hosting conservation tours, supporting important nesting beaches, working to end the demand for turtle shells, helping clean up plastic waste, and more.
Kiss the Ground is a non-profit organization that raises awareness of the importance of soil and regeneration. She released a long documentary of the same name, narrated by Woody Harrelson, on the theme of regenerative agriculture. Finally, Amazon Watch works to protect the rainforest and its inhabitants. She is at the forefront of the fight against destructive projects in the Amazon.
Why a DAO?
The Next Earth project is a prime example of how blockchain technology can be used for the common good. By allocating 10% of every virtual land purchase to environmental causes, this project is helping to make the world a better place by harnessing blockchain technology in innovative ways that traditional charities can only dream of.
NFTs and DAOs help create new models of fundraising for charities that go far beyond just signing a check. Using blockchain technology, we can now create new forms of participation where individuals don’t just donate money – they also have a say in how it is spent. It’s an exciting time to get involved in charitable giving, as we’re starting to see new ways of doing good emerging before our eyes – and they’re all powered by blockchain technology.
Other green blockchain projects
Fortunately, Next Earth isn’t the only blockchain project with environmental goals in mind, and there are plenty of projects looking to do it right. Let’s take a look at a few other exciting projects that are tackling environmental issues using blockchain technology.
SolarCoin works on the basis of energy conservation, in the sense that every hour of solar energy produced results in a new SolarCoin. Solar energy users benefit from an automatic financial incentive. Another great example is the Plastic Bank, which is trying to stop the flow of plastic into our oceans. Plastic Bank has set up collection centers in developing countries, where people are rewarded for returning their plastic waste.
They have helped prevent a billion plastic bottles from being spilled into the oceans. It uses blockchain to secure transactions and ensure transparency, traceability, and rapid scalability. In addition, Powerledger enables the tracking and exchange of energy and environmental products, with the aim of creating a more sustainable network. In conclusion, there are many blockchain projects that strive to make the world a better place. The next time you’re wondering where to put your tokens, consider supporting an environmental cause.
A new world built by NFTs
A lot of ink was written about the Metaverse when it was first offered. In the science fiction novel Snow Crash, written by Neal Stephenson in 1992, the Metaverse is a virtual copy of the real world that people can interact with while wearing special “data glasses”.
The concept of NFTs (non-fungible tokens) dates back at least to Yoni Assia’s 2012 article titled “bitcoin 2. X (aka Colored Bitcoin)”, but their popularity has exploded with Ethereum’s NFT standard. During that year, NFTs enabled monetization and true individual ownership in the Metaverse, a multi-billion dollar industry. Not only could NFTs serve as proof of ownership for rare goods such as works of art or real estate, but they could also represent purely virtual properties such as game avatars or digital collectible cards in games. a collection based on blockchain.
Today, the Next Earth blockchain project is building a virtual replica of our planet, using NFTs as land titles creating a new virtual world.
Immutable earth tiles
In Next Earth, land ownership is represented by non-fungible tokens that can be bought, sold, and traded in a blockchain-based marketplace. By creating an immutable record of who owns what parcel of land in the virtual world, Next Earth aims to create an experience that is closely tied to our physical reality.
The concept of “immutable land titles” may sound trite, but it is in fact a very powerful tool that allows users to take part in strong economies and societies without relying on centralized authorities such as governments or communities. companies to obtain authorization or control. Next Earth allows users to purchase digital plots of land using BNB, the native token of Binance’s Smart Chain.
They can either keep these plots themselves or trade them with other users via the NFT marketplace. The idea is not only to provide a layer of ownership but also to empower users to become property owners with significant value. The economy will have several layers: commerce, where you can buy and sell NFTs, and, in the future, the ability to create pixel land art, as well as the ability for players to create their own stores. and virtual resources.
Beyond the Metaverse: Reality as a Service
Blockchain has the potential to create an entirely new economy for virtual goods, which could compete with the current economy in terms of real value if we have the necessary infrastructure to support it. We’re about to enter a new era for avatars, games, and social interaction itself. The tools are now in place to enable us to leverage our online identities more intensively than ever.
If Next Earth is successful, it could spark a new wave of interest in virtual real estate. While the Metaverse originally seemed like science fiction, today it looks like it could become our reality sooner than we expected. Of course, we see several other players in the metaverse ecosystem. Decentraland, Cryptovoxels, Somnium Space, and many other projects are working on building their own metaverse to create new types of online communities.
However, Next Earth is the only metaverse to offer virtual Earth tiles as an NFT. Facebook is also working on its own virtual world, although it has no plans to use NFTs. These metaverses are the building blocks of new online experiences that will emerge in the near future. Since our virtual “selves” are going to play a pivotal role in how we interact with this metaverse, it’s worth thinking about what kind of online identities we want people to have there.
Today’s social media apps obsessively track and monetize our data, but what if we could create another set of tools that focus more on our interactions and our own?
Ultimately, one of the primary drivers of blockchain product and service adoption isn’t so much monetary value as it is affordability and self-defense. By allowing non-fungible tokens (NFTs) and other features built around them, blockchain projects allow users to participate in their respective ecosystems with true personal ownership.
The problem of the centralized metaverse
Since centralized metaverse like Facebook do not allow users to have custody of their
digital identities, there is a risk that these platforms will abuse this power. For example, Facebook could use its position as a “metaverse platform” to try to stifle competition from other online communities or cause problems for game developers who do not share its worldview.
Interoperability is another fundamental characteristic of the blockchain-based metaverse. It
allows the different virtual worlds to communicate with each other so that users can move around freely. Interoperability will be critical in determining which metaverse will succeed over time – those who evolve into full-fledged universes with interoperability are those who will survive. A few years ago, it would have seemed impossible for our everyday life on computers and smartphones to look like this.
But today, when we log into our social media accounts through crypto avatars and interact with our friends around the world through decentralized apps built on blockchains, that future seems inevitable rather than utopian.
virtual New York is sold, but what is left then?
We have good news and bad news. The virtual New York you’ve been waiting for is finally here, but it’s already full & sold. On Next Earth, the replica of our planet is based on NFT’s. Some of the most popular virtual real estate … Having said that, virtual Earth is great. With an area of Earth open for sale, NFT collectors have the opportunity to purchase their own share of the virtual planet.
What is the real value of digital earth?
Each metaverse has its own NFT economy. That of Next Earth has already sold more than $ 1.7 million in virtual real estate. This figure not only includes Central Park and the Metlife Building, but also virtual fields around the world. The value of digital land comes from three sources: scarcity, location, and demand.
The rarer the land, the more valuable it is. But if you can afford to buy the virtual city of New York, then congratulations! You are one of the richest people in the virtual world. Rarity is naturally linked to location. That said, even if you buy virtual land in the middle of nowhere, you’ll soon be able to create pixel-based landscapes, resources, and other things on it, which means any terrain can have a use. and a value. But real estate isn’t all about location and scarcity. It also depends on the price people are willing to pay to acquire it. In the case of the “digital” city of New York, this is an important distinction to make.
Do people want something small (like a house or an apartment) or do they want a part of the city itself (like Central Park or Times Square)? This will affect how much you will need to pay for your virtual plot of land.
The virtual country beyond New York
Even though New York City is one of the most famous places in the virtual world, it’s not
the only virtual real estate people are buying. There are other parts of New York, like the Appalachians and upstate New York, or you can buy land in Paris and San Francisco very well. The metaverse is largely defined by its NFT-based digital real estate.
As with any real estate market, location is important. Let us look at other places. The “virtual” Washington is an area that stretches from the Washington Mall to the Capitol and the White House. It’s a huge expanse of virtual real estate, with its own landmarks and architecture. And people are paying dearly to acquire it, as the underlying NFTs represent Washington DC’s most iconic architecture. “Virtual” Paris is attractive to “digital” tourists because of its famous landmarks, such as the Eiffel Tower or Notre Dame.
The NFTs of these virtual buildings could one day be resold at exorbitant prices. On a related note, there are also some magnificent castles that are being purchased – presumably by an NFT collector who wants a slice of history in this digital world. In addition, the famous Arc de Triomphe in Paris was originally bought for 100 dollars, then resold on the NFT marketplace for the incredible sum of 3,400 dollars, the same day the marketplace launched!
The most expensive countries
These are just a few examples; each geographic region has its own virtual real estate market where you can buy land to which NFTs are attached. Some of Next Earth’s most valuable virtual lands can be found in Vatican City, Monaco, and Macau.
The Vatican is bought by Metaverse collectors for its beauty and rarity, including major Vatican real estates such as St. Peter’s Square and the Apostolic Palace. It is in these areas that the most famous Catholic monuments can be found, including St. Peter’s Basilica and the Sistine Chapel. People pay a lot of money to get a virtual view of this historic place.
At the time of writing, Vatican City tiles are selling for over 42 BUSD each, a growth of 42,000%! When you think of luxury, Monaco probably comes to mind. With its ocean views and yachts, this small city-state has managed to establish itself as a place where the very wealthy can live out their dreams. Real estate prices for these virtual venues are high because they are so rare – Monaco’s size is limited.
Macau is another metropolis with its own digital real estate market, which spans from waterfront casinos to historic central Macau and beyond. Ultimately, Next Earth presents plenty of opportunities for cryptocurrency enthusiasts to invest in a variety of environments that you cannot easily visit (let alone own) in the physical world.
Why Next Earth uses the BSC network for its transactions
Why Binance Smart Chain – How Next Earth Benefits From Binance Smart
Since its launch in September 2020, Binance Smart Chain has made waves in the blockchain arena, particularly in the metaverse arena. Running alongside the Binance Chain, the BSC offers higher throughput and greater efficiency. BSC, which enables smart contracts, provides a high duty cycle in the Ethereum Virtual Machine (EVM). Thus, developers can seamlessly feed their Ethereum-based DApps.
In addition, users create “Pegged coins” with Binance Smart Chain, enabling highly efficient cross-chain transactions. BEP-20 tokens work similarly to native Ethereum tokens, i.e. ERC-20 type. The BSC offers the possibility of deploying the BEP-20 tokens in different types of assets, thus giving developers more leeway in processing transactions.
Ultra-fast transactions, thanks to “proof of authority”, allow transactions to be carried out in less than 3 seconds. This results in low-cost transfers that ultimately greatly benefit Next Earth users. In other words, the Next Earth community is experiencing a huge increase in the number of users thanks to the BSC.
Why Next Earth relies on BSC to deliver better-added value
Since Binance’s Smart Chain is compatible with EVM, it takes advantage of Ethereum’s diverse universe.
The Proof-of-Stake consensus algorithm offers a transaction time of fewer than 3 seconds. In addition, the “proof authority” allows BNB staking to obtain validator status, i.e. a user is granted transaction fees in exchange for their “valid block” proposal
Binance’s Smart Chain ensures that assets can be transferred seamlessly between blockchains. This high interoperability is beneficial for metaverse where participants need many use cases. As metaverse develop, various NFT-focused dApps arise, they will want to coexist by moving NFTs between them and not be constrained by platform or blockchains. In 2021 and 2022, the focus will be on interoperability.
Cross-chain transactions are handled transparently using Binance Bridge. Users benefit
from interoperability for more than 40 tokens.
Binance Smart Chain websites support over 16 languages. There is therefore no language barrier in Next Earth.
Understanding “pegged tokens” and why BSC Metaverse
The value of an anchored token is tied to the original underlying asset, but it uses a different token standard. In the Metaverse realm, this means that ERC-20 tokens are transferred as BEP-20 tokens at considerably high speed and at low cost. Besides the fast transactions that only take 3 seconds, the low transaction fees (in cents) benefit the community.
In addition, major exchanges have recognized the BEP-20 tokens. No metaverse user wants to wait a few minutes for a transaction to settle. The lag kills interest. You can’t build on a metaverse by waiting indefinitely for a deal to settle. Metaverse is more than just a concept now. Real businesses are built on metaverse that will require real-time settlements. This is exactly what the Binance smart chain does.
What is the exact size of the Binance Smart Chain?
Since its launch, BSC has taken advantage of the flourishing DApp market. Currently, the
platform has more than 7,900 DApps operating successfully. User deposits amount to $41,588,673 per day.
In September 2020, the average blocking time was 3.00 seconds. Average transaction fees on BSC are around 22.5560 Gwei. Metaverse is the latest solution to leverage the diverse credentials of Binance’s Smart Chain.
Considering these statistics, it is no wonder that Next Earth has enormous growth potential. The secure financial credentials provided by Binance Smart Chain are a powerful solution that metaverse enthusiasts can trust.
Go beyond the Metaverse – Why Next Earth?
The blockchain world is known for its speed of innovation. It is common for viral projects
with enormous potential to quickly fall outside the reach of regular participants. It is, therefore, crucial to identify projects that bring value and growth. Next Earth offers the right combination of accessibility and opportunity.
Build a Metaverse where you have 100% control
Facebook’s recent announcement of its transformation into a “metaverse company” has
many wondering what this means for the future of cyberspace.
In a world where we already have Facebook, Twitter, Instagram, WhatsApp, and other
social platforms, it’s easy to imagine how these platforms could…
But there is also a darker side to it all. The fact that Facebook is now calling itself a metaverse has raised concerns about the ability of users to maintain their privacy on such an interconnected network.
The idea of the metaverse is nothing new – science fiction writers and visionaries like Neal Stephenson have been talking about it for decades. Simply put, with the recent advancements in blockchain technology coupled with the exponential growth in computing power over the past decade, it is finally becoming something tangible that we can all participate in.
Building a decentralized metaverse
In 2008, when Satoshi Nakamoto published his groundbreaking Bitcoin article, he set out his vision for a decentralized global financial system, with no central point of failure that could be exploited by hackers or governments.
Today, thanks to blockchain technology and cryptocurrencies like Bitcoin and Ethereum that are built on this foundation, we are finally starting to see this vision come true.
Next Earth uses blockchain technology to build a decentralized metaverse. Next Earth is a
virtual replica of the Earth that runs on the blockchain. It’s similar to Earth2, but with a few important differences:
- First of all, it’s fully decentralized – no entity owns or controls Next Earth; the platform ispowered by the community.
- Users are in control of their assets – unlike a centralized metaverse, no one can takethese ‘assets’ away from them
The decentralized nature of Next Earth NFT’s virtual ownership means people from all over the world come together to interact and create in Next Earth.
The bottom line is that users are in control of their data and assets. They own their virtual land and can take it with them wherever they go on the network. Unlike other social networks where companies like Facebook or Twitter own your data and can use it at any time (even if you are not logged into these platforms).
What’s really wrong with the centralized metaverse?
The centralized metaverse is a digital world owned and operated by a single entity. These
worlds are controlled by the company or organization that created them, and they are in no
This means if the company behind your favorite game goes out of business, you’re out of luck. The same goes for censorship: if an authoritarian government shuts off access to a centralized metaverse, everyone loses.
In many cases, these companies will also own all the data generated in their virtual world, which means they can sell it to third parties without your permission. This has raised concerns about the privacy of users and the ownership of their data.
And even though these companies give users a limited opportunity to interact with each other (for example by exchanging virtual assets), there is no escaping the fact that you are just playing someone else’s game. , without actually owning or controlling your own identity or digital assets.
Unlike Facebook or Earth2, where users cede their data and ownership, in decentralized
virtual worlds like Next Earth, users have full control.
Blockchain for a greener world
The way we manage and consume the resources of our planet today will be decisive in the next decade.
We have the chance and the opportunity to change course and create a cleaner, more sustainable future.
Virtual real estate platforms like Next Earth make this decision a little easier.
They give people the opportunity to put their money in something fundamental and invest in virtual real estate assets, they believe in while supporting worthy causes. This is made possible by allocating a portion of each transaction (10%) to environmental causes. In Next Earth’s recent Initial Tile Offering (ITO), a record $ 1.3 million was raised, which means more than $ 130,000 will be donated to Amazon Watch and The Ocean Cleanup.
A poll on Next Earth’s Discord server determined the distribution of funds between these two charities. After counting hundreds of votes from “landowner” (a person who owns land on Next Earth), The Ocean Cleanup received about 57% of the vote, while Amazon Watch received the remaining 43%.
Why it matters
When we buy something today, there is a good chance that the item or service was not produced with environmental sustainability in mind. This is not obvious to most of us, but it is something that is close to our hearts as a society. We want to be environmentally conscious and help create a cleaner planet for future generations Virtual lands could be the next big step towards creating a cleaner world.
As we continue to create virtual worlds, it’s important to remember what these words are for: entertainment. It is our responsibility as creators and users of these worlds to make them pleasant and sustainable places. By investing in and expanding virtual land, you can help create a cleaner world while having fun.
Building a Cleaner Future with Next Earth Virtual Land
Next Earth is probably the first virtual real estate platform to redistribute a portion of each
transaction to environmentally friendly causes. Every purchase, sale, and development on Next Earth generates funds for various environmental projects.
However, the blockchain is not only used for virtual land and donations of part of the sales. Technology is being developed in many different industries to make them more environmentally conscious.
For example, blockchains are used to track seafood from fisherman to consumer, creating transparency that allows consumers to have confidence in the food they buy. Blockchain is also used on farms to track where food comes from and how it is grown, helping to reduce fraud and other issues.
Blockchain is also useful in supply chains for a number of products, including pharmaceuticals and medical supplies. This helps ensure accurate inventory tracking and reduces waste by eliminating human errors in the supply chain management process.
Waste management is another area with a focus on sustainability where blockchain is also important. In this case, the blockchain helps reduce the amount of waste piled up in landfills around the world by tracking which items can be recycled.
The essentials of blockchain and its impact on a cleaner future
Blockchain technology has already made huge strides towards a cleaner future in several
sectors. Virtual real estate has the potential to offer many users an attractive way to invest
their money while supporting important environmental causes.
Companies like Next Earth are making it easier than ever to buy virtual land and develop it, much like gamers buy assets in video games. By investing in virtual land, users can anchor, take ownership of a part of the world and even contribute to environmental initiatives.