The metaverse is no longer a buzzword and a concept – it is becoming a reality, even if it is a virtual one. In a world that is going digital at a tremendous pace, where social interactions are being shifted through the Internet, blockchain-based technologies are bright.
The idea of owning a digital land is no longer a sham, but one that has been embraced and accepted by many. The power of non-fungible tokens (NFTs) has had an impact on the nascent industry, and Next Earth is using it to create a platform that allows users to buy, develop and sell virtual lands mapped to our planet Earth. gives.
cryptopotato Next Earth CEO Gabor Ratfalvi talks with Gabor Ratfalvi on his foray into blockchain, what makes his platform different, and the challenges he faces.
Can you tell us how you got into crypto and why you decided to stay and build?
In February 2021, I was talking to two friends who showed me the Earth2 project. As a businessman, I immediately saw its potential, but I didn’t understand why it wasn’t blockchain-based.
I always say be one of the first people, but never be the first. That way, you spot promising projects. Once you examine them and correct their mistakes, you can think ahead and come up with new solutions that will change the market.
We’ve taken a closer look at Earth2 and see that the development of the crypto market (DeFi, NFT) has brought the technology to ‘blockchainize’ this business. Since there were no technical constraints, we started development and launched the project live in July.
As a measure of project strength, in 10 months, we have over 240,000 users and 45,000 landowners, meaning there are more landowners on the platform than the two large Metaverse projects.
When did you first hear about NFTs?
Basically, right after that I started looking for a technical solution to how we could do Earth-based metaverses. Actually, if I remember correctly, the first time I heard directly about NFTs was from a Gary V video on YouTube.
Please tell us more about Next Earth – the project you are leading. what are you guys making?
Next Earth is a blockchain metaverse that enables the creation of communities derived from non-fungible tokens (NFTs) of real earth properties. In Next Earth’s blockchain-based system, users can own land in the form of an NFT, meaning that only those who “mint” it, i.e. buy it and make it an NFT, can own it. .
The idea of Next Earth is simple but deep: to create a digital replica of our planet that people can use to buy and sell land, just like the real world. The map is divided into small tiles, each of which represents a location on Earth. You can buy and sell these tiles just like you buy and sell real estate.
Our environment is based on four pillars: the platform, where users can create, buy and sell 10x10m tiles of virtual land. Our second pillar is land, as the platform is based on land ownership. The third pillar is our native currency, NXTT, and finally, the Platform as a Service (PaaS) model.
Our aim is to provide Next Earth users with a real use case, so Next Earth has evolved into a complex “platform as a service” model. This means that we are creating a web3 economic ecosystem where any external entity – whether a crypto provider, a large multinational company or a member of the community – can create a web3 business.
Perhaps best of all, Next Earth is community-powered. The project can finance its business through the community on the Next Earth launchpad. Users are the biggest winners because they can monetize themselves using the services/products of an entity they also own. This creates a triple-win situation where the platform provides an infrastructure in return for immediate allocation from each transaction.
How is Next Earth different from other Metaverse land-related projects?
Next Earth is the first Metaverse ecosystem that seeks to democratize the Metaverse and make the world a more connected place. Our goal is to create a more sustainable and decentralized version of the Internet, where users can interact with each other without centralized authorities.
Next Earth isn’t just about land ownership, we aim to make it useful to real-world users by expanding the metaverse and bringing it to the real world. It serves as a middleware layer for anyone with their own metaverse (built as a replica of Earth) and for anyone to connect and develop their own metaverse with our technology.
By giving people the tools to create their virtual worlds, we believe we can inspire a new generation of creators and innovators who will define the future of the metaverse.
What is the purpose of the NXTT token?
The Next Earth Token – NXTT – is central to everything the company does. All future platform fees, rewards, land purchases and market sales will be done in NXTT.
With the introduction of the NXT token, we have taken a fundamental evolutionary step towards our goal of creating a completely self-sustaining digital ecosystem that can deliver real consequences for the environment and society.
Climate change is an existential challenge and I believe it should be addressed through innovative thinking and new uses of technology. With this project, we have the opportunity to not only capitalize on our efforts, but also to donate to important causes from the very beginning, which is something we have been doing; For every land we sell, 10% of the purchase price goes to a charity pool that is used to fund charitable initiatives. Currently, we have four dedicated partner organizations: The Ocean Cleanup, Amazon Watch, Kiss the Ground, SEE Turtle.
On Next Earth, businesses can provide services to landowners and use NXTT as the main token to trade and incentivize their services. Every service provider and Launchpad project incorporates NXTT into their business model while ensuring usability. This is where our token fits into our PaaS model: each new partner will provide additional utility to NXTT, creating an entire economy.
What can the next Earth community expect in the near future?
First, we will have a double birthday party. We had our first pack sale release on July 23rd, and the main birthday we celebrate is the actual launch of the map on August 17th.
Next, we plan to finalize the first major phase of IT development with Dynamic NFT and API layer, around October, and from then on, we can focus on development.
So these coming few months will be a game-changer when we as a business move to the next level and can start expanding.
If you can sum it up and put it in simple words – what is it that you are most excited about Next Earth?
community, nxtt, crypto, web3, charity, and giving a new kind of narrative to future entrepreneurial generations.
Can you tell us about the roadmap?
The IT team has been reorganized and now has a clear vision of Next Earth’s growth goals. Now that our hurdles are over, we look forward to releasing these events to our beloved community. From this point forward, we make no promises other than to deliver.
The four focus areas where we are improving are Core Platform, Land Features Upgrade, NXT, and PaaS (Platform-as-a-Service).
We’ve made significant progress in each of these areas and are confident we can deliver a better experience for our users, and we hope that our community will be as excited about these improvements as we are.
NXTT is on a rally during a bear market, what makes your token special?
The performance of the token reflects the strength of the token architecture and our community. While the entire market is bleeding, NXTT is still green and strong compared to our launch price in January.
We’re still at twice the “worst” pre-sale price, while MATIC is down more than 80% since our launch… Our token is special because we’re slowly rolling out new utilities and others. Focusing on releasing new methods. Add utility to NXTT, as well as supporting the creation of this ecosystem through the NXTT Fund we announced earlier this year, will be launched in the coming months.
PrimeXBT Special Offer: Use this link to register and enter code POTATO50 to get up to $7,000 on your deposit.