People usually say that “buying real estate is a terrible investment,” considering the current market conditions and return on investment compared to other investment vehicles. But if you were given a chance to go back in time and buy New York City real estate, you would do it in a heartbeat, wouldn’t you?
We all would! Why? Because the demand is exponentially higher than the supply. In addition, there was significant growth in the economy across all major sectors. In comparison, we are seeing the same thing happen right in front of our very eyes in the metaverse. The long-term value is finally being recognized outside of crypto. We see companies like Samsung and Adidas activate their metaverse brand by buying plots infamous projects like The Sandbox and Decentraland.
According to Grayscale’s recent report on metaverse, the value derived from the metaverse could potentially surpass the trillion-dollar mark annually in the future. Though this is just an estimate, it shows how big enterprises think when it comes to the metaverse. Every company, brand, artist, and other creatives — will have a metaverse strategy. If they don’t have one or fail to recognize the potential, they will be on the verge of disruption.
So we expect that the metaverse will have thriving economies, and virtual land will significantly grow in value. But which one should you prefer? The word “metaverse” is now so common that everyone claims to build the next Ready Player One. Many of the current metaverse projects lack speed, scalability, and interoperability.
After scoping the metaverse field, we found X Protocol to have all the necessary features to build a full-fledged metaverse model with land economy and DeFi functionalities. You can be a part of it now! In this article, we will understand about X protocol and provide all the necessary details regarding the land sale. Stay till the end. You might find a gem of a deal.
About X Protocol
X Protocol is the first-ever metaverse with multi-chain functionalities that can achieve three pillars of sustainability— customization, performance, and cross-chain communication. Initially. It will be based on Polkadot’s substrate framework. But as the protocol matures, users of other well-known blockchain networks, such as Polygon, Ethereum, BSC, and Avalanche, can also access X metaverse.
Unlike other metaverse platforms, X Protocol doesn’t want to limit the metaverse to only a play-to-earn model. So they decided to have a prediction market and various applications that complement each other and increase the overall value of X metaverse. X Protocol’s long-term vision is to create a unique virtual world that resembles Ready Player One and provides functionality like the Steam platform in a decentralized manner.
What is X Metaverse Made of
Cross Chain Bridge
The promise of creating a scalable metaverse by X Protocol doesn’t seem so far-fetched once we look into the underlying technology. X Protocol uses a cross-chain bridge for establishing communication with other public chains. Of course, all of them will be connected to the Polkadot ecosystem.
X Protocol offers superior speed and performance compared to other famous metaverses because it uses something called a relay chain solution. Relay chains are implemented with the help of a light client, a blockchain containing a compressed set of information regarding block data. The light client vastly improves the state of validation, verification, and NFT transfers, all thanks to the MMR encryption algorithm, whistleblower system, and bridge relayer. X Protocol’s NFT infrastructure significantly reduces the cost of operation and development inside the metaverse.
X Predict Market
The prediction market of X Protocol shares all the cornerstone functionalities of the metaverse and adds a slight touch of social interaction. It is a platform where users come together to create a proposal based on real-life as well crypto-related events.
X Predict Market also follows certain DAO principles that enable users to communicate and come up with a variety of topics. This sparks social interaction and encourages more people to participate in a prediction market. As participating in prediction events has different incentives, the X Predict market is observing steady growth of active users.
Users can initiate proposals. They can participate in prediction mining. Or provide liquidity to a particular event. In all cases, users happen to receive rewards in the form of $POT tokens. These tokens are used only on the X Predict market. Also, they help with governance and voting.
What’s so unique about X Land NFTs?
Every metaverse uses a different strategy when categorizing lands based on rarity, capacity, and customizability. In the case of X Protocol, they have divided it into three main categories: Commercial City, World Map, and Original City.
According to the storyline of X metaverse, the first camp visited by scientists is Original City. Compared to other locations, the Original City has the majority of infrastructure with project headquarters and other landmark areas.
Outside of the core land area, there are eight central areas forming the Commercial City. These plots are the more urban style with commercial areas like parks and water towns. In Commercial City, there are only 400 plots available.
If you want to travel outside the city, you have to check out the wild area of X metaverse. There are 1000 land pieces covering high land, ocean, grassland, and desert.
Benefits of Owning X Metaverse Land
- Pre-sale NFT buyers will receive a free model horse worth 500 POT. In addition, they can remodel their metaverse space for free three times.
- As land ownership represents having a stake in the metaverse, owners will be given decision-making rights.
- There will also be a reward-sharing program for all landowners. The rewards come in the form of fees for the protocol.
- Landowners can sell their own NFTs and connect multiple lands to build a bigger building.
- An independent chat room for each building or land is enabled for owners.
- Opens up a new marketing channel for business events.
The public sale is going on for two land categories: Commercial City and World Map. The pricing for these land NFTs varies based on coordinates and additional perks for your land. If you want to mint at specified coordinates and need extra model houses, you have to pay a higher price.
Random Coordinates= 800 POT
Specified Coordinates= 1000 POT
Random Coordinates + 5 Model Houses + 3 free decoration services= 1300 POT
Specified Coordinates + 5 Model Houses + 3 free decoration services= 1300 POT
Random Coordinates= 200 POT
Specified Coordinates= 400 POT
Random Coordinates + 5 Model Houses + 3 free decoration services= 700 POT
Specified Coordinates + 5 Model Houses + 3 free decoration services= 900 POT
All $POT Earned Is Donated To Ukraine
This public sale is not only going to help you get access to the X metaverse, but it will also provide financial support for people in Ukraine. X Protocol has committed to donating all $POT earned through the mint page to the people suffering in Ukraine.
Born and brought up in India, Karthikeya Gutta is a crypto journalist and freelance contributor for ItsBlockchain. He covers various aspects of the industry with in-depth analysis and research. His passion towards blockchain and crypto ecosystem is mainly because he believes it can really change the world and help millions of people.
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