Introducing Next Earth: The User-Governed Metaverse
So far, Next Earth has been a resounding success. The platform has 30,000 virtual land owners and 180,000 registered users. Further, the marketplace has seen 2,418 transactions, worth $717,843. This has resulted in over $650,000 in user profit. In total, the platform has generated $8 million in income, with $800,000 donated to environmental initiatives.
Most virtual worlds are based on a model where users pay to access the world and then can purchase in-world items or services. This type of economy creates a barrier to entry for many people and limits the potential for widespread adoption. To counter that, Next Earth’s play-to-earn system will allow anyone to partake just by playing.
There are many other platforms that are also working on similar systems, and it will be interesting to see how this trend develops. If done right, a play-to-earn system could be a key to unlocking the full potential of the metaverse.Users will also be able to run businesses on Next Earth. This will allow them to earn income for the activities that they perform on the platform. Users will also be able to participate in the DAO governing the metaverse.
One of the things that businesses care about is the ability to create branded environments. They can have their own private spaces, or they can join one of the existing communities that are tailored to their industry.If there’s one thing that virtual reality has going for it, it’s the potential to create immersive digital experiences that feel real. This has made VR an attractive proposition for a range of industries, from gaming and entertainment to education and training.
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