📖
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 II
  2. Pillars of the Metaverse
  3. Virtual Land

Land Pricing

PreviousPlatformNextNXTT

Last updated 2 years ago

Land tile prices are calculated in a transparent, clearly understandable way that supports the land tiles continuous increase in value, while also allowing users to enter the market for an acceptable time, and still being able to take advantage during the land distribution phase.

For stability reasons, land prices are connected to a fiat currency (USD), so Next Earth token price fluctuations will not affect the valuation of land tiles. This is important for easier calculations, as well as a hedge against token price volatility.

The mathematical functions are described at a high-level below:

As seen above, the equation behind the price calculation is made up of 3 different elements:

  • The amount of first land sold globally on Next Earth. The more land is sold, the higher the price of new land.

  • The amount of first land sold per country. The larger the percentage of the land sold, the higher the new land price will be in that country.

  • Popularity, which is calculated from overall new land purchases in comparison to other countries.

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