Next Earth is a new kind of metaverse that not only helps people become virtual landowners, it also helps them do something good for the planet. An NFT-based replica of Earth is the centerpiece of Next Earth. It is a digital representation of our planet, one that can be explored and shaped by people who want to make a positive impact on the environment. With each NFT purchase, whether it’s the virtual Sydney Opera House or The Library of Congress, 10% of proceeds are pre-allocated to environmental initiatives. DAO-managed charity However, there are thousands of charitable organizations out there. How does Next Earth pick which organizations get the donations? The answer is a blockchain-based decentralized autonomous organization (DAO), on which metaverse landholders
Topics:
Guest considers the following as important: Industry and Adoption
This could be interesting, too:
Live Bitcoin News writes Top 10 Provably Fair Bitcoin Casinos for 2024
Live Bitcoin News writes Blockchain Life 2024 thunderstruck in Dubai
Live Bitcoin News writes Vara Network’s Actor Model to Turbocharge Adoption of Blockchain Applications
Live Bitcoin News writes Uminers and Sandra Kowalskii Unveil the Record-Breaking Digital Art Collaboration in the Cryptocurrency Industry
Next Earth is a new kind of metaverse that not only helps people become virtual landowners, it also helps them do something good for the planet.
An NFT-based replica of Earth is the centerpiece of Next Earth. It is a digital representation of our planet, one that can be explored and shaped by people who want to make a positive impact on the environment. With each NFT purchase, whether it’s the virtual Sydney Opera House or The Library of Congress, 10% of proceeds are pre-allocated to environmental initiatives.
DAO-managed charity
However, there are thousands of charitable organizations out there. How does Next Earth pick which organizations get the donations?
The answer is a blockchain-based decentralized autonomous organization (DAO), on which metaverse landholders can vote. The DAO oversees the distribution of funds to various environmental charities. New charities are regularly selected to receive donations.
Through this process, Next Earth has already previously donated over $130,000 to environmental charities, and is now donating an additional $64,260, just from allocations in the month of September.
Virtual landowners decided the allocation of these assets across four charities: The Ocean Cleanup, SEE Turtles, Kiss the Ground, and Amazon Watch. The Ocean Cleanup received the most votes through the DAO, and will receive around 86 BNB. SEE Turtles will receive 24.57 BNB, and the remaining 51 BNB will be split between Kiss the Ground and Amazon Watch.
The ecosystem created by Next Earth is one where people can make meaningful contributions to the environment through virtual ownership of unique digital assets.
Environmental impact of NFTs
A new era of blockchain-based charity is possible because the ecosystem has gone from proofs-of-concepts to working products in a short time period. We are now at a tipping point where we can start using blockchain for more than just cryptocurrency transactions. We can use it for governance and fundraising as well.
This is an exciting time for the entire blockchain ecosystem as we move into the world of decentralized applications (dApps). Dapps are applications that run on blockchains such as Ethereum and Binance Smart Chain, rather than traditional web applications that run on centralized servers like Facebook or Google. They are powered by smart contracts which allow people to interact with each other without having to trust a third-party intermediary such as a bank or government institution.
One of the most pressing issues that people are concerned about right now is climate change. Virtual land-buying allows users to contribute to environmental projects around the globe. In the future, virtual land will mean people can become virtual farmers, building sustainable ecosystems that sequester carbon on a piece of land.
Another important aspect of NFTs is their ability to break down social barriers. For example, many families don’t have large amounts of disposable income lying around to buy expensive art pieces on a regular basis. They might be interested in collecting rare books or ancient coins instead, but are often limited by their budget. With NFTs, they can still own something that’s valuable without breaking the bank by purchasing rare digital assets instead.
How Other Blockchain Projects Contribute to Environmental Good
Many other blockchain projects were founded with environmental ambitions in mind. OneWattSolar, for instance, is a blockchain project that aims to accelerate the transition to 100% renewable energy. OneWatt’s tokenized solar energy system is said to have nearly 7,000 customers.
By supporting projects like these, you are helping move us one step closer towards a world where we can live without fossil fuels and pollute our planet no more.
Conclusion
The NFT space is still very much in its infancy, but the potential for this technology to change the world is immense. Virtual land ownership opens up a whole new avenue for people to do good while having fun.
Photo by Josh Riemer on Unsplash