Earth replica changes how metaverse projects operate by eliminating the middleman
The world is currently facing a once-in-a-lifetime race to define the metaverse, characterized by large corporations attempting to be the first to make the virtual world accessible to the masses. While these companies are at an advantage already having well-established communities, they are centralized and therefore lack compatibility with the blockchain technology that enables these kinds of interactions.
Furthermore, the need for decentralization is further demonstrated by the reference to the metaverse as “Web 3.0” or the next version of the internet. The internet, which is largely popular for being both open-source and decentralized, provides an example of why these same principles will become necessary for metaverse adoption.
Although the metaverse will have no formal owner, it will need a form of social concept to bring its different parts together, including monetary transfers, social interactions, and digital assets. Filling this gap is the Next Earth project, an effort aimed to change how metaverse projects operate by allowing users to buy NFT-based digital land without a middleman.
Reflecting on their project, Gabor Retfalvi, Founder and CEO of Next Earth, shares,
“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.”
Therefore, each participant in the Next Earth ecosystem can become a partial owner of the project, which will simultaneously allow them to be a part of this growing world from the inception.
The project itself is divided into four different stages, the first being the initial land distribution based on the
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