📖
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

NFT Contract

All Land bought on Next Earth is represented on the blockchain by an NFT (Non Fungible Token). It’s a special smart contract based on the ERC721 token standard, which ensures the immutable proof of ownership and holds the base data of the Land, like the hash of the unique identifiers of the tiles that the LAND contains.

Because all tiles have a unique ID on the map, which clearly defines its position, the NFT ensures that the owner of the NFT owns the Land and owns all tiles on the map that contains the Land. Besides that, the token includes the availability of the Land’s metadata which holds more detailed information about the NFT.

The ERC721 standard structure of the smart contract contributes to the future integration of third party marketplaces or any other dApp that handles standard NFTs, as well as taking advantage of the blockchain technology NFT ecosystem.

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Last updated 2 years ago

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