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Summary of Next Earth
Key Points
- Next Earth is a Metaverse platform with the largest number of landowners, focusing on location and map-based services.
- Developers can build map-based applications using smart contracts and minting dynamic NFTs through Next Earth OS (NEOS).
- The platform provides a digital replica of the Earth, enabling users to buy 10m x 10m plots of land.
- As of December 2022, Next Earth has 46,000 landowners and has sold over 7,000,000,000 square meters of land.
- The platform fee is spent on buying NXTT, with 10% burned and 60% redistributed to token holders via the Next
Embracing a New Frontier: About NextEarth
Introducing Next Earth (NXTT): A Revolutionary Metaverse Platform
Next Earth is the premier Metaverse platform, boasting the largest community of landowners, driven by a mission to establish a fair and equitable digital existence for consumers. By leveraging smart contracts and the Next Earth Operating System (NEOS), developers can craft innovative, map-based applications and mint dynamic, unique NFTs that redefine the digital landscape.
Delve deeper into the intricacies of our project by perusing our comprehensive whitepaper.
The Metaverse represents a new paradigm for the internet. This vision can be realized when Web3 supplants cloud computing, necessitating intuitive and accessible solutions for developers to tap into the potential of smart contracts and dynamic NFTs. The latter constitutes a unique breed of non-fungible tokens, where metadata can evolve in response to the NFT’s usage, thereby unlocking tangible, real-world utility for NFTs.
Next Earth is pioneering location and map-based services, introducing a revolutionary API suite, Next Earth OS, which empowers Web2 developers to craft their own smart contracts and mint bespoke NFTs in the programming language of their choice.
The applications operating on NEOS are subject to a platform fee, of which 70% is allocated towards purchasing NXTT on the market. Subsequently, 10% of the tokens are permanently removed from circulation, while the remaining 60% is redistributed to token holders through the Next Earth Staking Protocol.
These applications can encompass: geospatial marketing campaigns, loyalty and membership programs, location-centric digital booking and tourist solutions, travel apps, and map-based gaming experiences.
The Next Earth Platform presents a meticulously crafted digital replica of our planet, powered by Mapbox, allowing users to acquire 10m x 10m plots of land. As of December 2022, Next Earth boasts the largest community of landowners among all Metaverse projects, with a staggering 46,000-strong landowner community, and has successfully sold over 7,000,000 square meters of land.
Applications built on NEOS leverage geolocation technology, which enables each application to be anchored to a specific location within the Next Earth Metaverse. Consequently, landowners where these applications are hosted are entitled to receive a royalty from the platform’s fee payments, thereby generating a revenue stream for these landowners.
The Visionaries Behind Next Earth: Meet the Founders
In 2021, Next Earth was founded by Gabor Retfalvi, a seasoned entrepreneur with a proven track record of building and scaling businesses over the past decade. The core team, situated in Budapest, Hungary, has grown to a total headcount of 43 individuals as of December 2022.
Gabor Retfalvi assumes the role of CEO at the platform. Attila Kiraly and David Taylor are also recognized as co-founders of Next Earth. Notably, Kiraly, a mathematician, brings over 16 years of development expertise, while Taylor, an entrepreneur and economist, leverages a 7-year background in token engineering, having collaborated with over 300 crypto projects since 2016.
Unveiling the Unparalleled Essence of Next Earth
Next Earth, a meticulous digital replica of our planet, boasts a fully Web2-compatible, language-agnostic NEOS, rendering it an ideal choice for companies and startups that rely on location or maps in their technology stack, seeking seamless Web3 integration.
NEOS harnesses the innovative power of dynamic NFT technology, where NFTs transcend static metadata by incorporating mutable metadata that can be dynamically updated via smart contract transactions. This groundbreaking capability enables NFT projects to modify and adapt values in real-time, such as adjusting the health points of a video game character or the loyalty points on a membership card.
Next Earth pioneers the Web3 Metaverse, boasting a distinctive value proposition: offering businesses a clear path to ROI-positive integration with Web3.
All platform fee payments, invoiced based on computing power utilized via NEOS, are settled in fiat currency. However, a significant 70% of these payments are allocated towards the acquisition of NXTT. Furthermore, 10% of the fees are immediately burned, while the remaining 60% is channeled into the Stake Reward Pool, thereby establishing a revenue distribution mechanism that benefits NXTT holders. This economic framework serves as the foundation for a fair digital ecosystem, where users receive a proportionate share of the revenue generated by companies that monetize their personal data.