Next Earth, an NFT-based metaverse copy of Earth which has over $10,000,000 in virtual estate sales, announced it is in staking development. This announcement follows the discovery phase.
It is anticipated that the project will launch in June 2022. It means users who own virtual land on Next Earth are able to create one UNIT for each tile of land every month. The ability to spend UNITs to create staking wallets will allow users to obtain an APR on NXTT assets.
As described in Next Earth’s updated white paper, in the future there will be the opportunity to get multipliers for unit generation from activities such as buying new packs of virtual land or skins.
You will have 5 options for staking wallets (larger wallets are more expensive and offer higher APR), which allows you to get a better monthly rate if desired.
Based on the amount of decentralized rewards pool, the monthly APR can vary. Next Earth already has $1.1 million in NXTT donationsYou can start staking by depositing into the reward pool.
Each month there will only be limited staking wallets. These will be distributed on a first come, first served basis. The reward pool size will determine the number of wallets available for staking. The user’s total tiles count will affect the NXTT stake limit.
In the next week we will publish a comprehensive article explaining how the numbers function and in the following weeks, a stake calculator.
Other News
Next Earth has a huge vision for the future. The detailed plan includes accessing their platform for third-party developers to build applications using the Next Earth Metaverse.
The team is doubling down on this vision – they announced that their virtual lands – over 5 trillion tiles – are about to get an upgrade with new attributes (climate, biomes, elevation, etc) and through the introduction of resources and minerals, developers will truly be able to connect their businesses to land tiles on Next Earth.
Next Earth has committed itself to being carbon neutral as a business. These are just some of the highlights from Next Earth’s roadmap. With so much in store, it’s no wonder that the metaverse is becoming more popular each day.
Watch the full announcement here: https://youtu.be/9sEmHTQ_dho
