Who is the owner of a piece of history?
Many well-known landmarks have historical significance for the cities in which they are located. Maybe one day, you’ll be able to “purchase” a section of the Great Wall of China or a space on Mount Rushmore. The public, however, now has that ability with the purchase of an NFT on Next Earth. Likewise, on the Ethereum blockchain, you can own land tiles of the White House by simply picking them from a map of the world.
What is the value of it? No one knows how the digital real estate replica phenomena will develop because the notion is still in its early stages. Virtual properties, on the other hand, have been sold for large sums in past virtual worlds. As a result, it’s possible that an NFT version of the White House could one day be sold for a considerable sum—much like a house—in the future.
Putting Together a Virtual Real Estate Portfolio
Although the White House serves as the residence of the President of the United States, it is also a significant piece of real estate. The same may be said of numerous famous properties worldwide, whether or not they are political milestones.
Take a glance at any large city on the earth, and you’ll see that it has its own set of valuable assets, whether virtual or tangible. Furthermore, because you can develop nearly anything on land, it is the place to be.
So, what if you could purchase a plot of land in a major city? In a world where everything is now a piece of digital real estate, a plot of land that would be yours to develop – yours to do with as you please? That is precisely what Next Earth is constructing.
The Metaverse’s Implications
The White House NFT is just one of several high-profile real estate properties available for purchase in the metaverse. The metaverse represents the ability to own digital real estate in virtual environments. Virtual real estate can be owned, developed, and monetized in the metaverse.
We’ve already seen many significant business leaders tweet about buying NFTs and other virtual real estate assets in the metaverse, such as sports memorabilia. As more organizations and individuals get on board with investing in digital real estate, this trend will only continue to increase.
The Metaverse in the Future
These days, the metaverse craze is all the rage, and virtual real estate is no exception. One of the metaverse’s possible futures is similar to Ready Player One but without the dismal components. Virtual real estate based on NFT is already a reality, and Next Earth is leading the way.
Second Life and The Sims were among the first to provide Metaverse 1.0, which is a centralized virtual world that you can explore, construct, and play with. But, of course, at the end of the day, the centralized firm in the middle would be in charge of your assets.
For the first time, Metaverse 2.0 integrates blockchain technology with a digital duplicate of Earth, allowing users to hold rare digital assets that can be brought to life. Within the metaverse, users form communities that provide chances for interaction with other users and the construction of virtual structures.
Metaverse 3.0 is the way things will be in the future: It’s a hybrid of virtual reality, metaverse 2.0, and blockchain technology. This is a digital rendering of what our home planet would look like if we turned it into a virtual reality experience. People will interact with the real world via digital avatars, communicate as if they were in person, and construct virtual reality-only objects. The infrastructure required for this new version of the metaverse to operate safely, securely, and transparently is provided by the blockchain, the technology that allows bitcoin to act as money rather than merely a digital currency.
In their metaverse, Next Earth is now selling virtual land tracts. The NFT-based metaverse is already an amazing development and yet another illustration of how blockchain and NFTs are transforming our lives, with more intriguing innovations in the pipeline, such as pixel-based land art.
NFTs for Good Causes will be Showcased at a Hong Kong Event
The usage of digital tokens to advance UN sustainability goals is demonstrated at an NFT art exhibition.
Christie’s auction house sold a non-fungible token (NFT) image of a green-faced pixel avatar known as ‘Cryptopunk 9997’ for roughly US$4.3 million. Investors and collectors are currently interested in all types of NFTs, whether a simple pixel avatar or a finely crafted digital work of art.
NFTs are proven to be successful digital assets in various areas, including gaming, entertainment, and real estate. But, on the other hand, some people are starting NFTS to support issues like the environment and local communities.
By displaying NFTs for good, a new NFT exhibition in Hong Kong hopes to pioneer that positive spirit. The ImpactNFT Exhibition, which opens this Friday, will allow collectors and NFT aficionados to view and purchase digital artworks based on the United Nations’ 17 Sustainable Development Goals, including climate action, equal access to education, and gender equality.
Genesis Drop is one of the NFT artworks from Project Ark that will be on display during the show, and Romanian culture’s hand-painted eggs inspire it. In addition, project Ark, a carbon-neutral NFT marketplace, donates half of all earnings from Genesis Drop to the WWF in Romania, which is working to return the endangered European Bison back into the wild.
“By creating a win-win for artists, charities, and our partners, we want to show Hong Kong and the rest of the globe the power of NFTs for social and environmental impact,” said Roy Weissbach, Project Ark’s business development advisor.
NFTs from Earth.Org and the charitable art organization Sovereign Art Foundation will be on display, as will artwork by VintageMozart in support of the Nashulai Maasai Conservancy in East Africa NFTs minted for charity by eight Mexican artists.
The South China Morning Post (SCMP), based in Hong Kong, will also highlight its upcoming NFT auction in support of Operation Santa Claus (OSC), including new works by Hong Kong’s iconic visual and performance artist Frog King. SCMP and Radio Television Hong Kong (RTHK) run Operation Santa Claus every year to raise funds for a local charity.
Aside from displaying NFT artworks, anti-wildlife trafficking organization Break The Chain will host an augmented reality (AR) demonstration produced by gaming and entertainment metaverse portal The Nemesis.
In support of the ImpactNFT exhibition, RioDeFi’s chief marketing officer Stephane Villedieu said,
“The world already knows that blockchain technology provides a decentralized infrastructure for a more transparent, safe, and efficient financial system.”
ImpactNFT Alliance, in collaboration with Project Ark and Sovereign Art Foundation, will curate the exhibition, which will run from October 15 to 24, at the Soho House Hong Kong. Online viewers can watch the show at OpenSea.io, Project-Ark.co, and ImpactNFT.org.
Shiba Inu Announces an NFT Sale
The $SHIB coin’s developers have announced the launch of a non-fungible token (NFT) sale.
Shiba Inu announced the launch of an NFT collection called “Shiboshis” in a recent Medium post. The subject of the NFT collection will be similar to that of the SHIB coin, highlighting the coin’s tongue-in-cheek nature.
According to the article, 10,000 Shiboshis will be created for the debut, which will happen this week. Users will acquire NFTs using $LEASH for the first 24-hours, then with a mix of $ETH and $LEASH after that.
According to the post, the first purchase will be made through the ShiboshiSwap website, customized to sell Shiboshis. After that, users will be able to transfer and exchange their NFTs on secondary markets like OpenSea.
The NFT collection will first be sold in tiers, with prices doubling when the first 3,000 Shiboshis are sold.
According to the report,
“Shiboshi costs are based on tiered pricing. The first 3,000 Shiboshis will cost 0.1 Eth (BUT must be purchased in Leash for the first 24 hours). Shout out to XFund once again providing an incredible Oracle to help with this calculation. The next 5,000 Shiboshis will cost 0.2 Eth (in Leash for 24hrs) and the final 2000 Shiboshis will cost 0.3 Eth (in Leash for the first 24hrs).We don’t expect that floor to last for long.”
According to the post, users will be able to rename their Shiboshis with $SHIB, with the spent funds resulting in a coin burn.
The report continues,
“Initially [Shiboshis] just have generic names like 00001, but you can name it Flytoshi Kahn or whatever you like for an additional fee of $100 paid in Shib. Whenever the name is changed, these funds are burnt to the Shib burn wallet. If everyone names their Shiboshis that will be a $1 MILLION dollar burn.”
Shiboshis will eventually be converted to characters in the Shiboshi game, allowing users to deploy their NFTs in strategic gameplay, with each having the potential for unique qualities, according to the blog post.
The Shiba Inu team posted a video yesterday explaining how individuals can purchase $LEASH tokens:
On Avalanche, the Artist who Painted the Kanye West Mural in Chicago will Offer it as an NFT
On the Avalanche blockchain, artist Jason Peterson is selling a mural of American rapper Kanye West that he recently painted in Chicago as an NFT.
The NFT will be sold on a new marketplace called YeahProbablyNothing.com, created by Peterson, Kalao, an NFT startup, and Ava Labs, the Avalanche development team.
The NFT auction will begin on October 11 at 1 p.m. Eastern Time and end on October 22 at 1 p.m. Eastern Time.
The artwork will be linked to the NFT’s owner via a QR code on the actual mural. The NFT’s ownership will be available on the Avalanche blockchain at all times, and if it changes hands, the information associated with the QR code will be updated as well.
Peterson’s first NFT piece is a mural of Kanye West. The artist, who has a million Instagram followers, promises to release more NFTs containing his best pictures.
In a statement, Peterson said,
“Contemporary artists are continuously finding new methods to question the status quo of art and its medium. NFTs introduced an inventive, new medium to the art world, allowing artists to have complete control over the distribution of their work while also allowing them to experiment with new ideas.”
While Ethereum is the foundation for most NFTs today, other blockchains such as Solana, Tezos, and Avalanche appear to be gaining traction in the NFT field. For example, American rapper Doja Cat just debuted her first NFT collection on the Tezos-based OneOf platform. In addition, the Solana blockchain had its first million-dollar NFT sale last month.
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