How Next Earth is building a metaverse that mirrors the real world

0:01i'm ashton addison from block west capital for investmentpitch media in the crypto coin show and today on blockchain interviews we have david taylor the token architect of next earth david welcome to the show and thank you so much for taking the time thank you for the opportunity and happy to be here you're very welcome looks like you've been working hard there uh with the team

0:21and on the whiteboard and thank you for taking the time out of your day to come on and talk about next earth let's just dive straight into it i'd love for you to explain what you and your team have been working on at next to earth and then we'll just dive in the details from there sure thing so first of all um next earth our vision is to become the business platform of

0:43the decentralized web 3 based metaverse i think there is a lot of sort of philosophical conversations going on about how the metaverse is being built we are seeing a lot of corporates we are seeing a lot of blockchain companies trying to conquer this space and our vision is to become a platform as a service provider where technical and economic structure is set to create the

1:07engine for for the decentralized uh iteration of the metaverse so to speak uh we're already the third largest metaverse platform if you look at the the community numbers uh on the planet with over a quarter million registered users and we also have a native token called nxtt that had a very successful token launch only a few weeks ago uh the remnants of this can be seen

1:32on my wall behind me amazing thanks for that intro david and yeah metaverse continues to blow up especially with corporations institutions getting involved and wanting to get some of this limited amount of land um i i know next earth also you know there's a lot of nfts and access and different things that are available maybe you can dive in a little bit deeper on on the nft side

1:57to share with us sure thing so uh next earth as a platform enables citizens to buy and sell plots of land on on basically a virtual earth which is a replica of of the real earth while creating value on the real one this is practically a social experiment on how virtual spaces can be managed how they can be governed how they can be used to back environmental projects

2:22which is something that's pretty close to our hearts next earth has been using blockchain technology to handle payments and store ownership of lands which we feel is really important as one of the flagship philosophical arguments of next earth is to bring true digital ownership to the internet the the chosen technology that we're going with is the polygon

2:43blockchain because of its advantages over ethereum like low gas fees fast block times and it really allows for the best available user experience currently um two main parts of how these nfts work in the sort of in the smart contract architecture without going like doing a deep dive into the tech uh we have a payment contract that handles the process of buying land and there is an

3:07nfd contract that handles the process of minting the land and and or the ownership of the land um i think what's really important about the nft part of building a metaverse especially a land-based metaverse is that any activity any type of activity that will be done on these virtual lands are going to be done basically similarly um to a way how you would do it on a real

3:34land right so you could do agriculture or imaginary worms in the four foremost of play to earn games you can create buildings on them you can create businesses on them uh they can be used or or visited by by other people uh i'm think talking about nft galleries ar vr web web shops um you know that can be like a totally imaginary setting or you can also have a sort of real shops

4:01digitized and rendered building and store into vr we're thinking of educational environments even integrated with what we call learn to earn games which would provide a lot of opportunities for people just joining the job the labor market but we're also looking at uh creating opportunities for hosting live events like concerts or theater place so it's like it's really

4:27sort of a green field uh where anything is possible and and the technology today already allows us to do any kinds of things with nft lands the question is what's the right approach to it and our goal is for you to be able to monetize your land using them for yourself uh either with one of the above opportunities or we are seeing an opportunity for having a financial

4:53layers when you can actually just land your land out to others who were late or just want to conduct any activity in that area so just just as in the real world right i have a plot of land i rent it out to someone who does agriculture on that it's it's really not rocket science it's just a question of how you make that happen in the metaverse um also the financial layer again this is

5:17something we're going to be very familiar with you can use your nfd land as collateral to get a loan from like an nfd landing protocol you can reinvest that into creating those business activities um i think the possibilities of uh this sort of digital metaverse world are really endless and it will bring a paradigm shift to the word we know um now we are seeing the sort of

5:420.01 percent of the global population who becomes a landowner uh in this web 3 ecosystem um but i i think the point here is that today there are these metaverse companies these nft companies but this is truly sort of the new iteration of the internet so just like 20 years ago there were internet companies and other companies and now there are just in just

6:06companies right every company is practically an internet company that's what's going to happen within the next 10 to 15 years to the rest of the world crazy david and thank you for that insight and yeah i do love that there are essentially no rules in in terms of customization on you know plot of land that you own um you know some of these metaverses are like anti-gravity you're

6:29underwater and like i find that really fascinating um and you did mention at the beginning that uh you guys did a token raise uh people are buying up this land in this uh example right at least right now do you need to use the next earth tokens exclusively to to purchase the land and you know maybe you can talk about uh selling the tokens and you guys did and

6:54the raise that you guys completed sure thing yeah sure thing so right now the way you can buy land as of today is using matic because we're on the polygon chain but uh we are planning to introduce nxdt to uh for you to be able to purchase land uh in the future um so just to give give you a bit of background in january we announced the availability of this needing token

7:20native token after the pre-sale to be available for trading on uniswap and then after this sort of initial trading period we are planning to list nxt on multiple both decentralized and centralized exchanges um the token itself launched on january 22nd uh on our own proprietary launch pad which provided a ticket based system for our community which was basically a

7:46sort of very convoluted system but we wanted to avoid having whales in the community early on and if you look at the token holder uh distribution just download that on polygon scan on the smart contract address and you just put it into a spreadsheet you will see that the distribution chart is basically flat and that means that we have probably the most egalitarian society

8:10in the blockchain industry right now um so yeah so on the 27th of january this whole thing just started and we are planning on on listing on a centralized exchange pretty soon we are going to introduce nxtt staking there is a very sophisticated description of how the decentralized reward pool will work within the metaverse and and how you can

8:37generate an apy through staking nxt um but basically the the currently most important part is that the earlier you start uh holding nxt the larger stake power you will have which will then reward all those people who get their hands on nxtt early on and then they hold on to it um nxdtt holders will also be able to take part in launchpad projects uh the more

9:03they have the longer they have them the better tiers therefore better discounts etc more information they can you can get to attend and and basically become uh early supporters of these new launchpad projects we are currently expecting to launch anywhere between 10 to 20 new projects this year from through the launch pad we're already working out working with a

9:27bunch of these projects actually so i would say that we already have that deal flow and pipeline we've just been doing this under the radar because i think our our community will know this very well we only publish something once we know what we're doing um and also i think one more thing that i need to add is that nxt these and the whole token economy has a burning

9:51mechanism uh embedded so throughout the flow of the token within the economy nxtd will continuously burn based on the ecosystem economy activity so it's not like a sort of um arbitrary number of tokens are being burned but we have a very sophisticated mathematical simulation that's governing the entire token economy that's great yeah unlike the real world

10:19uh exactly exactly um so great thank you for mentioning all that about the distribution that sounds very fair um i'm curious uh for the land so far you know for the next earthians that already own land um hopefully you know the token fairness will equate to fairness of actually owning the land and being able to have you know small people buy little pieces of land you know

10:48is a lot of the land already bought up yet or is a lot of the earth still owned by nature so here's the thing we have about a quarter million registered users we have a bit more than 40 000 uh landowners and uh if you look at the numbers that practically means that we've sold less than 0.001 percent of the total land available so

11:15like literally imagine that you're one on the first galleys from spain to america that arrived on the shores of america and basically you just got to put down your fences and put down your flag and like and just go like this is my land now like this is literally where we are right now amazing well that sounds great um and very early on and i i also i want to

11:41touch on that launch pad as well because that sounds fascinating um i'm really excited to see how that plays out i'm definitely going to look more into the nxtt tokens to ensure we can help grow these other uh platforms that are going to incubate through through next earth so that's very cool but as for the land uh it's great to hear that most of it is still available um

12:04what's the way that people can access it if they want to start learning more about the next earth ecosystem and then actually get some of the land okay so one of one of the goals we have is to create a very fascinating user experience because if you look at the numbers of the crypto space currently there are about 300 million crypto users in the world globally based on a

12:29research conducted by aaa a couple weeks months ago i think it was like two months ago i believe that within the next five years we're going to reach 1 billion people so that's another 700 million people joining crypto and one of my mantras is that for those people for those 700 million people the word cryptocurrency or blockchain or web 3 that will equal to the metaverse

12:58right so they won't come from the sort of traditional crypto revolutionary industry or not from not going to be technologists they are going to be like my mom my sister their friends they have no idea about the tech they have just they just understand that they want to use this just like they're using the internet which means that we need to create this experience to be the easiest

13:23thing in the world so the way you buy land is you log into the platform on nexter.io and you go on the map find a plot which is practically a group of 10 meter by 10 meter tiles that's not owned by anybody and you mint your land nft through the platform literally just two clicks and it's yours you need to connect your your wallet and currently as i said you can pay with for

13:45the meeting fee and matic since we're on the polygon network but that's practically it you just you just need to find a plot of land that you fancy go on pay for the minting fee and it's yours definitely yeah no that's great to know and that 10 meter by 10 meter actually uh that brings a lot of clarity because i was curious you know how big of land can you buy you know can you buy a

14:08country or a city and you know how expensive is it to buy one plot of land and does it matter if you're buying it in downtown or if you're buying it in the middle of the jungle there is a uh there there is a mathematical formula that we published in the white paper that basically governs uh tile prices and some of the factors that really drive these prices are demand the number of

14:36people who own land in that country how many people are buying land in that country so obviously like vatican for example has always been one of the most premium pieces of land because it's a small small country not too many people can buy that so it the prices went up pretty quickly and then you look at like ocean ties which are international waters and they

15:00obviously have a very low price the logic is that within the next earth economy uh it shouldn't matter how much how many land ties you own because we see that some people will be generating revenue through just staking based on the land they have and that will basically they become landowners there we go landlords in a sense they will rent out their land so other businesses

15:26can can create business on them and and generate revenues but we also see that if you just buy i don't know you buy land for a hundred dollars on next earth uh if you do that you'll be you will be able to to participate in play to earn work to learn learn to earn protocols that we're going to be launching on the launch pad and you will be able to generate basically a comparable amount

15:49of revenue to those that own a lot of land and if you really sort of roll this out in your mind i can start small and then basically keep buying land so i i can sort of i don't like this this term but yeah i'm i'm just gonna sort of hint that you know it goes towards passive income amazing thank you for that and you're right you do have to start small uh everyone's

16:14starts somewhere right but um to get it for cheap and just a small amount of land it sounds like there's a lot available and it's affordable to a lot of people so for the viewers that are you know they're interested in meta versus they want to get some land or they want to learn about next earth more what's the best way for them to get involved and to take the

16:33next steps so first of all go on our website nextearth.io create an account connect your wallet and start browsing on the map and if you have any questions make sure that you join our discord server and you will find the link on our website and we currently have i think the last time i saw it we had about 60 or 70 000 people on our discord server and

16:56the team is also trying to be fairly active on that um i'm trying to spend as much time on that because uh whatever we want to do with the economy with the token uh it's coming it's all coming from the community so uh if you join our discord server you will be talking to me a lot amazing david thank you so much for taking the time uh really fascinating

17:20project i'm definitely going to look into the land and i will join the discord as well i will leave the discord link and the platform link and everything in the description box below for the viewers uh appreciate you coming on and let's follow up in the near future thank you so much ashton