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You can now buy virtual lands in El Salvador, one of the first crypto-friendly countries in the world. El Salvador recently adopted Bitcoin as legal tender, soon we may see the trend being followed by many other countries accepting cryptocurrency as legitimate means of payment.
El Salvador is located in a small Central American country with a population of around 6 million. San Salvador is the capital and one of the iconic cities in the world, known as the landfall of Christopher Columbus in 1492. You can now buy virtual lands in El Salvador as NFT tiles via the Next Earth project on a digital replica of Earth.
What is NFT?
Non-Fungible tokens (NFT) are digital assets that represent ownership of real-world or digital assets such as trading cards, artwork, or even virtual properties.
NFTs are not just limited to gamers and blockchain enthusiasts but it also has attracted serious investors and entrepreneurs. Earlier numerous NFTs have fetched unbelievable prices at auctions, a
Cyberfunk NFT was recently purchased by Visa for $165,000. The Next Earth is a platform that allows you to buy virtual land, recently NFT enthusiasts bought virtual real estate on the platform worth nearly $2 million.
How to Buy Virtual Land NFTs on Next Earth?
Next Earth has been around since August 2021, the platform has been selling virtual land NFTs from a map of Earth. Recently they launched an NFT marketplace that enables users to buy and sell NFTs directly with each other.
Users buy an NFT to own virtual land parcels within Next Earth’s metaverse. With the NFT marketplace live, anyone can buy virtual real estate easily, as long as they own the Binance Smart Chain token(BNB).
What is Metaverse?
Metaverse was first mentioned in the 1992 novel Snow Crash by Neal Stephenson. It is a term used to describe a shared digital space where people spend their time interacting with each other digitally. In the near future, we will witness an interconnected virtual world, which will collectively form part of one large metaverse ecosystem. These online metaverse spaces will have avatars, you can interact with each other just like in the real world.
There are numerous organizations and companies across the world who already have created their online metaverse versions, you can call it a digital twin. It replicated the way you look physically in the real world, yet allowing them to operate within the digital space.
Tech giants such as Facebook, Microsoft, and Google will be providing users access to personalized versions of themselves via metaverse. This will not only improve the social media presence for numerous company’s but also help in the marketing of products. Products such as clothing brands, virtual real estate are already using this technology, though these are all centralized. In the case of Next Earth, it is the first decentralized virtual replica of Earth.
Pick El Salvador is the Perfect Place for an NFT
El Salvador could be the perfect place for an NFT, as it has a rich culture and history. The country has a tradition of protecting its indigenous people along with the environment. A country strongly influenced by the clash of the ancient Mesoamerica and the medieval Iberian Peninsula.
You can enjoy the place known for its incredible natural beauty, virtually. You can also get access to amazing places beyond El Salvador, would you not like to fly on a virtual trip to New York City or even Hawaii. The future of metaverse is infinite as users can finally truly own their digital assets.