The next time you hear someone dismiss the metaverse as “all hype,” kindly inform them that a 500-square-meter plot of virtual real estate is worth more than their house. At any rate, this stinging retort should suffice providing your adversary’s abode is worth less than $2.43 million – the price associated with the largest metaverse land acquisition to date.
The Metaverse Group made an impressive purchase. This is evidence of investor support, which increasingly places great faith in vibrant virtual ecosystems that allow users to work, earn, and share. Facebook, which recently announced that it would transform itself from a media platform into a metaverse organization is well aware of the challenges.
All are welcome to the Metaverse
While Facebook’s executive branch will be keen to establish the company as a dominant player in this rapidly-expanding market, a note on their new website explains that “the metaverse will be a collective project that goes beyond a single company. It will be created by people all over the world, and open to everyone.”
It’s a sentiment shared by Solice, a soon-to-be-released metaverse project built on top of Solana’s super-fast blockchain. Solice was created by senior developers and designers with the help of crypto/DeFi veterans and VR gamers. It features a vibrant landscape of five islands and aims to become the best immersive, interactive virtual world in the blockchain universe. This intriguing archipelago allows players to engage in many activities.
Solice’s key components include an integrated 3D NFT marketplace that allows users to buy, sell, and browse various items, including pets (whose rarity determines APY rates), avatar clothing, and the raw materials required for different items (ore and rare gems), as well as land and buildings. The LAND NFTs can be represented in 15x15m squares, with a maximum of 60,000 parcels. While Solice owns all public spaces, plazas and roads – none of which can be bought or sold by users – the rest of the terrain is up for grabs.
Solice, compatible with the wearable VR/AR tech straight out of a box, will transport users to an phantasmagorical dimension. sketchThe metaverse contains several islands floating in the sky, each one with their own properties and unique features. Amoris, which is described by the Utopia of civilized humanity as the first floating island that users can grasp, is what they will encounter. After that, there will be islands like the mysterious Yamashi or volcanic Ludivour to offer additional delights.
Stacking Paper in Solice’s Meta-World
Solice is a tool that allows you to take advantage of the inbuilt earning potential and also create your own revenue-raising model. Solice allows players to stake tokens onto land plots in order to receive additional APY benefits and also create mini-games for others to enjoy. This feature will be enabled by the editor program. A stand-alone SDK is scheduled to release this fall. Users will be rewarded for completing missions through play-to earn (P2E).
Solice’s powerful infrastructure means that it’s even possible to run competitions, host ticketed events (fashion shows, concerts), and rent desirable LAND parcels to other players, with 5% of all marketplace transactions collected as transaction fees.
At the center of Solice’s burgeoning world is SLC, the project’s native currency. Players can use these tokens to vote in governance issues, receive staking rewards and create assets. They also have the ability to pick up NFTs on the market by keeping them in their wallets.
Solice, like many ambitious metaverse projects is targeted at an enormous cross-section: DeFi veterans and liquidity providers; gamers who are passionate about DeFi; businesses that can rent advertising space in public places. The hype surrounding Solice is rising, but users won’t be able to experience the full range of Solice until the early 2022. Only then will we know whether Solana’s latest metaverse project has staying power.