One of the hottest topics on every technological platform right now, without any doubt, is the metaverse. Technological advancement is taking us to a whole new level of innovation. Think of metaverse as the Internet in the late 1900s: a topic of impossibility. Thanks to blockchain technology, the impossibility is now a reality. In this guide, we will be looking at Next Earth vs Decentraland.
Metaverse is an immersive 3D world that allows users to interact with each other in a virtual world using digital devices. You can agree that it is impossible to mention the metaverse without some of its prominent platforms. More importantly, Decentraland is a great metaverse platform. However, even with all the hype, is Decentraland better than the new entrant, Next Earth metaverse? Is there any difference between them? Before getting into details, let’s take a look at both metaverses.
Next Earth Metaverse
Next Earth is a metaverse replica of our planet Earth. It is a land ownership metaverse platform that allows its users to trade, stake, and develop landed NFT tile assets. This Polygon based platform uses virtual NFT lands to represent Earth.
As a decentralized metaverse platform, Next Earth boasts of true ownership as a core part of its platform. With this, owners and holders can freely develop, build, collaborate or do anything with their assets. As a result, it aims to be a go-to medium for metaverse enthusiasts and web3-oriented businesses to gain access to the metaverse.
Next Earth is especially important for people and businesses all around the world to choose unclaimed real-world resources in the metaverse.
On the other side of our review is the world’s most used metaverse platform, Decentraland. Decentraland is a popular Ethereum three-dimensional virtual world platform. The platform boasts of the first open and decentralized metaverse platform where users can trade plots of land. Decentraland features exclusive 3D space with the excellent immersive experience of the metaverse.
Decentraland comprises two words that explain its core features. It uses the power of fully decentralized blockchain tech to provide real-world experience via virtual and augmented reality to metaverse users.
Users can access Decentraland with their transferrable and customizable Avatar. With the Avatar, users can explore different parts of their metaverse and engage in various activities. Avatars can be created and customized with various wearables, including body structures, footwear, clothes, and accessories.
Let’s get into the debate: Next Earth vs. Decentraland.
Real Estate and LAND
LANDs are NFT assets that represent parcels of land in both metaverse platforms. Decentraland has 90,601 LAND measuring 16 x 16 meters. These LANDs are distributed with 43689 going to private land parcels, 33886 for district LAND, 9438 for roads, and 3588 for plazas. Interested users can buy LAND with MANA token or Ethereum.
Next Earth LAND measures 10 x 10 meters as an NFT square tile replica of Earth. Although Next Earth has more than 45,000 LAND owners, the exact number of LAND NFTs on the platform is not disclosed. Meanwhile, each tile of LAND represents a part of Earth. Players can get their LAND with MATIC. There are also
LAND tiles in Next Earth are subdivided into urban tiles, which have fewer resources but larger points of interest for users. Non-urban tiles contain resources which options to develop with structures and buildings. Also, there are Water tiles home to yield farming and breeding of biomes. Players can modify their LANDs with skins and resources.
On Next Earth, all in-platform transactions are done with the $NXTT token. It is also an ERC-20 token that serves as the native and utility token of the platform. Meanwhile, a portion of the $NXTT fee will serve as revenue for the Reward Pool in anticipation of a fully functioning DAO system in the future.
As a virtual world platform with a fully functioning ecosystem economy, a part of Decentraland’s economy is powered by the $MANA token. $MANA is the native currency of the platform, and it is useful for various utility purchases. Holders can buy LAND, estate properties, avatar, and wearables with the token.
A major part of the Decentraland’s ecosystem economy is its DAO. They help in crucial decision-making processes, including voting, proposal, and governance decisions which make the platform a suitable metaverse for community-driven growth and development.
$NXTT is currently trading at $0.005 on DEXes, while $MANA is trading at $1.2 on CEXes and DEXes.
Next Earth Vs Decentraland: Technology, Innovation, and User Experience
A part to take into consideration when comparing Next Earth vs Decentraland is their blockchain platform. This is especially important because, aside from the transaction fee, the gas fee can also incur an extra fee.
Next Earth is built on the Polygon blockchain, a layer two protocol that provides state-of-the-art solutions for scalability. Apart from this, Polygon integration ensures Next Earth users will enjoy gas-free minting, zero gas fee, and instant transaction.
On the other hand, Decentraland operates on the Ethereum blockchain. This implies a high gas fee amounting to $10-$30, and sometimes this can be higher. However, Decentraland is planning to move asset trading and mining to Polygon layer two. This is definitely a big win once the platform launches its Polygon DApp.
Next Earth Vs Decentraland: Transaction Fee
One of the most impressive parts of the Next Earth metaverse platform is its fee structure and its uses. Next Earth charges 10% on all its in-platform transactions. Meanwhile, this fee is geared towards improving Earth and its environment. To support the platform’s goal of developing and improving a sustainable metaverse, revenue from the transaction fee is donated to charities.
Apart from the transaction fee, Decentraland charges a 2.5% fee on all in-platform transactions.
Next Earth Vs Decentraland: Growth And Numbers
Although Next Earth is a relatively new metaverse platform, it has recorded an astounding success since its inception. It is home to more than 200,000 metaverse users with thousands of transactions. Meanwhile, the platform also boasts more than 45,000 landowners with more than $10 million in generated revenue.
Since its initial launch in 2020, Decentraland continues to be one of the most used metaverse platforms. It boasts millions of users and more than 300,000 monthly users. On top of this, the platform has up to a million fans on all its social communities.
Next Earth Vs Decentraland: Partnership With Global Firms
Decentraland is certainly a big name when it comes to achievement and partnerships. The platform is home to several businesses and organizations throughout the world. The platform made news after its $2.4 million record-breaking LAND sale to a crypto investor. However, Decentraland continues to widen the landmark with partnerships with global fashion houses to host the Metaverse Fashion Week earlier this year.
However, Next Earth is a growing platform with great prospects. In the nearest future, businesses will be able to host their consumers in the real world location on Next Earth. Considerably, the platform holds an alliance with Amazon Watch.
As you can see from the guide: Next Earth vs Decentraland, it can be a little difficult to choose the best from these metaverse platforms, especially with Next Earth’s innovative technology. However, Decentraland is still at the forefront, especially with its years of serving metaverse users.
Still, Next Earth is a worthy contender, especially with its Polygon layer-two solution. It also provides a platform to better enjoy the beautiful Earth in the metaverse. However, both platforms have a long way to go in bringing the dream decentralized metaverse to web3 and metaverse enthusiasts.