Next Earth, the NFT-based metaverse replica of Earth with over $10 million in sales of virtual real estate, has announced that it is now in staking development, following the discovery phase of staking.
The staking project is expected to launch in June 2022. This means that users holding any virtual real estate on Next Earth will be able to generate one UNIT per tile of land per month. Users will be able to generate staking wallets by spending UNITs, enabling them to get an APR on their NXTT holdings.
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.
There will be 5 levels of staking wallets available (larger wallets costing more units), allowing users to achieve a higher monthly APR if they wish.
The monthly APR is variable based on the size of the decentralized reward pool. Next Earth has already committed $1 million worth of NXTT into that decentralized reward pool to kick off staking.
There will be a finite amount of staking wallets available each month, which will be issued on a first-come, first-serve basis. The number of staking wallets will be determined by the size of the reward pool. The maximum NXTT amount that can be staked will be determined by the number of tiles the user has.
A detailed article about how the numbers work will be published within a week, and a staking calculator will be made available in the next few weeks.
In Other News
Beyond these short-term updates, Next Earth is working on a massive vision for the future of the metaverse. Their detailed roadmap includes offering access to their platform as a service, where third party developers can build applications on top of 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.
As a company, Next Earth is committed to becoming carbon neutral. 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
Source: https://bitcoinist.com/next-earth-soon-to-launch-staking-and-other-updates/