📖
4.0 Whitepaper
  • Welcome
  • About Next Earth
    • Foreword
  • 1️Chapter I
    • Race to the Metaverse
    • Ready Player None
    • The Incentive Paradox
    • Metaverse of a Million Businesses
    • The Everything App
    • Blockchain History
    • Breaking down the Cloud
  • 2️Chapter II
    • Pillars of the Metaverse
      • Virtual Land
        • NFT Contract
        • Payment Contract
        • Tiles
        • Map
        • Infrastructure
        • Platform
        • Land Pricing
      • NXTT
        • Token Mathematics
        • High Levels of Volatility
        • Short-Term Dynamics
      • Economy
        • Platform Fees
        • UNIT
        • Staking Protocol
        • Fiat Gateway
        • NFT Tresor
        • Tier System
        • Launchpad
      • Technology
        • Dynamic NFTs
        • Layer System
        • Next Earth OS
  • 3️Chapter III
    • The Second Wave
    • Ambassadors
    • Accelerator
    • Consulting
    • NXTT Grant Program
    • NE Academy
  • 4️Chapter IV
    • Terraforming the Web
    • Next Earth 2030
  • 🫂The Team
    • Management
    • Operations
    • Business Development
    • Product Development
    • Engineering
    • Advisors & Partners
  • References
    • AMAs / Live Streams
    • Official Links
    • NXTT Staking
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  1. Chapter I

Breaking down the Cloud

As we understand, the Everything App can be described as the ultimate goal of consumer-focused web technologies. However, whether this is built in Web2 or Web3 does matter. The anti-thesis of the Attention Economy is the Ownership Economy, where we not just use services so others get the data generated by us for free, but we actually own the data we’re generating.

This is akin to Facebook providing a revenue share to its users based on their monetization of it. The digital footprint of a single person costs around $0.0005, but is capable of generating $2 in revenues. On average, your data is sold around 500 times per day. If the capital concentration wasn’t so centralized in the hands of a few rent-seeking shareholders, we could see the 5 billion internet users globally achieve unprecedented prosperity.

However, Web2 is currently a million times more efficient than Web3. Web3 accounts for around 1B transactions per year (including not just financial but also computer data transactions), while Web2 is responsible for around 760T transactions.

However Web3 technologies are growing exponentially, becoming faster and cheaper, closing in on near zero transaction costs in the foreseeable future. When this happens, the Corporate Cloud that powers Web2 can be dismantled and the Ownership Economy can prevail. This is when and how we can truly enter the Metaverse: owned and operated by its users.

Every other alternative seems catastrophic.

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Last updated 2 years ago

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