Every few years, a new technological revolution changes the way we do things, and people start talking about it. There have been many in the last few years, including crypto-currencies, blockchain, augmented reality, non-fungible tokens, and the metaverse. Even people who are not tech-savvy have become aware of NFTs.
NFTs are used to represent physical or digital assets that can be bought or sold online. Recently, thousands of NFTs have been sold for millions of dollars. Another popular NFT project is known as Next Earth, and it takes things to a whole new level.
This article will familiarize you with Next Earth and how it is making a difference in the NFT world.
The rise of NFTs
Digital assets have been around for a long time. You may have heard of them in the form of game currency, digital collectibles, etc. NFTs work the same way. NFTs rise and fall in value based on their demand and scarcity.
Although digital objects and collectibles have been traded for a long time, the invention of blockchain has led to the creation of digital property. Blockchain technology is used for most crypto-currencies and NFTs.
What is Next Earth and how does it relate to NFTs?
You may have heard of virtual worlds, but only those involving fantasy games and superhero movies. Since the emergence of the metaverse concept, many organizations have been racing to create it before their competitors.
Next Earth is a virtual world that works with non-fungible tokens or NFTs. It uses a virtual model of our Earth, and in this virtual model, users can build things and do whatever they want. They are also allowed to buy and own virtual land (as we do in the real world). This is where NFTs come in.
On the Next Earth platform, ownership of the virtual land one buys is managed by a decentralized marketplace, supported by the blockchain and the underlying NFT architecture. Thus, users can buy and sell virtual land on a secure and reliable platform. When a user buys a piece of land, the NFT of the relevant area is transferred and its record is stored on the blockchain. This means that the transaction is part of the record and no one can tamper with it.
The buying and selling of virtual land on Next Earth is controlled and managed by thousands of computers that run complex mathematical problems and validate each block on the blockchain. You may know that in order to buy virtual land, you will have to pay in crypto.
How many NFTs have been created on Next Earth?
On Next Earth, over 350,000 NFTs have been minted so far. This shows promising growth and increased interest in Next Earth. In addition, it also suggests that more and more people are gravitating towards virtual real estate, a concept that is already linked to the metaverse.
Experts predict that the number of NFTs created on Next Earth will continue to grow exponentially over time, primarily because NFTs offer a highly secure and robust mechanism for trading and storing digital assets.
Other facts about Next Earth
In addition to the fact that Next Earth has already created more than 350,000 NFTs, another interesting fact is that it has more than 30,000 landowners, and that number has grown with the recent launch of Land Art, a feature that allows users to express their creativity. This also indicates that Next Earth's popularity will continue to skyrocket in the days to come.
The Eiffel Tower, one of the most eye-catching structures on the planet, has also found a home on the Next Earth platform. Its NFT was sold for 16 BNB. This deal suggests that NFTs will play a major role in the metaverse ecosystem, and Next Earth seems to be a key player in this regard. Other virtual superstructures and historical monuments were also sold, including Madison Square Garden and the Pyramids of Giza.
The launch and development of Next Earth has taken the virtual world by storm. As the developers continue to add new and innovative features and functions, users can only wait and see what's next.