In this Telegram AMA recap, you’ll find insights about the Next Earth project. In an event hosted by Iris from MEXC Global, you will meet David Taylor, Token Architect at Next Earth.
I’ve been creating and designing tokens for about 7 years. spent 5 years running my own SaaS business before I got into crypto. I built Europe’s first crypto accelerator in 2017-18 and created my own methodology to design mathematically simulated and proven tokens
joined the Next Earth team in September and we’ve used my methodology to simulate the entire Next Earth economy as we were designing the token.
Questions from the community:
Iris: What is Nextearth? Can you share with us more in detail?
David: Next Earth is an Earth-based metaverse (digital replice of the planet) on the Polygon chain. we’re creating a Platform as a Service which means that businesses can use our geospatial data to built products and services on top of that through API. this means that Next Earth is providing a middleware to the metaverse industry, enabling all businesses AND metaverse to be interoperable.
we launched last August and since we have over 230k registered users, 50k landowners and issued NXTT in January as our native currency
we’re launching the first “mixed reality” experience with a large consumer brand soon.
Iris: What triggers you to launch Nextearth? What are Nextearth’s unique selling points as compared to other similar projects in the industry?
David: great question! the metaverse is creating a whole new kind of digital experience and what’s better to create as a replica of our own planet. We’re also very much focused on environmental and social impact, so our metaverse will actively pursue having a positive impact in the “real Earth”.
our unique selling point is our growth strategy: instead of “just” creating a digital world in 3D/VR/AR, we’re creating a middleware layer via PaaS. this means that we’ll grow through partners – onboarding a large consumer brand will enable us to turn every one of their consumers into Next Earth landowners.
this is the unique selling point: marketers love the idea of the metaverse but consumers don’t know about it. Next Earth allows brands to create “gateway experiences”, allowing consumers to participate in the metaverse without even knowing that they’re in the metaverse
just like my grandmother doesn’t care if she’s calling me on the phone or via FB messenger – she just wants to see her grandson. this is what we’re enabling.
Iris: What is the role of the $NXTT token in Nextearth? Would you tell us more about its tokenomics?
David: NXTT is the native currency of Next Earth, where products and services can be bought from onboarded businesses, paid in NXTT. Also, every transaction in NXTT is subject to a platform fee, that pays directly into the Decentralized Reward Pool. users will be able to stake NXTT and get access to the reward pool from June.
Iris: Are there any exciting news or updates with regards to Nextearth that you would like to share with the users?
David: We’re launching staking in June and our PaaS offering very soon. We just announced a strategic investment in Limitless, a metaverse integrator company to onboard 300 new companies in the next few years onto the Next Earth metaverse. Also, we will have a very special announcement later this week related to onboarding large consumer brands to the Next Earth metaverse, opening up Next Earth to potentially millions of users annually. We’re announcing the news via our Youtube channel 🙂
Iris: If you were to summarize your project in ONE word, what would it be? Why?
David: Middleware. There won’t be just ONE metaverse in Web3 that wins. There will be dozens, hundreds of metaverses that can take down the large Web2 companies like Meta or Microsoft. This will happen only if all metaverses in Web3 become interoperable and that’s what we’re enabling.
Q1. Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?
Yes. We’re embracing progressive decentralization, so over time token holders and landowners will be able to control what happens with Next Earth. for now, you can decide how to pay out our charity pool and we just announced our partnership with Limitless, where we’ll put $200m worth of NXTT into a DAO-governed quadratic fund to support new businesses coming to Next Earth and developing new products and services that will give utility to the land and NXTT.
Q2. Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project? Many projects fail because the target audience and clients are not understood. So I’d like to know who your ideal consumer is for your product?
Not only consider that but we actively share our developments and our intentions with our community on Discord. We rely on community feedback heavily. For example we shared out updated whitepaper for the token sale in December and based on the community feedback we rebuilt some of the token sale mechanisms to cater to the community’s needs. Same with our roadmap.
Q3. Revenue is an important aspect for all projects to survive and sustain. So how does your project plan to generate profit and revenue?
Land minting fees are generating revenue for the project. We’ve generated over $12million in revenues so we do not need outside investors (or to use our own tokens) to fund our operations as we’re already profitable as a company.
Q4. Ambassadors play a very important role in every project, Do you have an ambassador program? If yes, how can I be one?
Through our partnership with Limitless, we’ll be launching an Ambassador program very soon with a tiered approach to bringing value to the Next Earth ecosystem.
Q5. Can you tell us about the background and experience of your project DEVELOPMENT TEAM? And how will they carry out your project during the current pandemic?
Sure. The team consists of roughly 90 people working in a hybrid office / WFH setup. The core team has decades of experience in building businesses as our founders are serial entrepreneurs and angel investors and myself I’ve been in product development for 12 and crypto for 7 years.
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