Every few years, a new technological revolution changes the way we do things and people start talking about it. There have been many such things over the past few years, including cryptocurrency, 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 makes a difference in the NFT world.
The Rise of NFTs
Digital assets have been around for a long time. You may have heard of it as in-game currency, digital collectibles, and more. NFTs work the same way. The value of NFTs goes up and down depending on their demand and scarcity.
Although digital objects and collectibles have been traded for a long time, the invention of blockchain has resulted in the creation of digital property. Blockchain technology is used for most cryptocurrencies and NFTs.
What is Next Earth and how is it related to NFTs?
You may have heard of virtual worlds, but only those related to fantasy games and superhero movies. Since the emergence of the metaverse concept, many organizations have raced to create it before their competitors.
Next Earth is a virtual world that runs on 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 (similar to what we do in the real world). This is where NFTs come into play.
On the Next Earth platform, the ownership of the virtual land that one buys is managed through a decentralized market, which relies on the blockchain and the underlying NFT architecture. As a result, users can buy and sell virtual land on a secure and reliable platform. Each time a user purchases a piece of land, the NFT for the particular 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 monitored and managed by thousands of computers that run complex mathematical problems and validate each block on the blockchain. You may well know that 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. Moreover, it also suggests that more and more people are gravitating towards virtual real estate, a concept 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 provide a highly secure and robust mechanism for exchanging and storing digital assets.
Other facts about Next Earth
Besides 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 the number has increased thanks to the newly launched 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 Earth, has also found its way onto the Next Earth platform. His NFT was sold for 16 BNB. This transaction hints at how NFTs will play a major role in the metaverse ecosystem, and Next Earth appears to be a key player in that regard. Some other virtual superstructures and historic landmarks were also sold, including Madison Square Garden and the Giza Pyramids.
The launch and development of Next Earth took the virtual world by storm. As developers continue to add new innovative features and functions, users can only wait and see what’s next.