📖
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

The Incentive Paradox

Social media was invented to connect people over large distances. The end result is undeniably more divided and anger than ever before. Economics call this a perverse incentive or the cobra effect. When a system designed to solve a problem only worsens the situation.

Internet entrepreneurs claim that they have been marching towards a brighter, greater future for the last 20 years, but most attempts - social media or the gig economy to name a few - have achieved the exact opposite, while extracting billions of dollars of value from digital users. Startups and corporations pursuing higher shareholder value had misaligned interests from their users. This Incentive Paradox is the key to creating the Metaverse.

A new economic contract is required between digital users that allows service providers to thrive while empowering consumers with true digital ownership and governance.

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Last updated 2 years ago

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