Written by: Evolution Odaily Team
Did you know that Neil Stephenson's 1992 science fiction novel "Avalanche" was regarded as the bible by Facebook founder Zuckerberg and widely circulated within the company.
This book describes a virtual world parallel to reality. In Metaverse, everyone has a custom avatar Avatar, which is parallel to the real world, interacts with each other, and is always online. It's lifelike and immersive. The movie "Avatar" (English: Avatar) created a magnificent genesis, and its inspiration also comes from this.
——Liu Cixin
——Liu Cixin
With the maturity of AR, VR, application of 5G and artificial intelligence independent generation technology, the improvement of wearable supporting hardware facilities, and the formation of the blockchain economic system, the world in the novel is coming to us, and the users of the Metaverse start their own civilization.
The movie "Ready Player One" depicts the metaverse we yearn for. It has a fully operational economic system that spans the physical and digital worlds. Data, digital items, content, and IP can all pass through the metaverse. Everyone in this world Enjoy the existing facilities, or participate in the creation by yourself, so as to enrich and prosper the entire universe.
When the reality is not so satisfactory and surrounded by pressure and depression, people in the Z generation are more seeking to explore the world in the Metaverse and realize spiritual satisfaction and self-worth.
NFT games are the best carrier for Metaverse
In encrypted games, through smart contracts, users can freely control and control their own assets. The existence of distributed ledgers protects accounts from the risk of being stolen. The open source code means that players can freely innovate and combine, and become the creators of the game. NTF maps the assets in your hands to the physical world. With concretization and identity, virtual goods change from services to trading entities, thereby enhancing the user's emotional experience.
After several years of quenching, with the improvement of infrastructure and the increase of application scenarios, NFT games have gradually ushered in an explosion. Decentraland, The Sandbox, Axie Infinity, Evolution Land, etc. have shown the prototype of Metaverse and have begun to come under the spotlight. .
Decentraland is a new land built on Ethereum that allows users to create, experience, and monetize content and applications. The Sandbox is the first game to introduce tokens, allowing users to create, buy and trade digital assets in the form of games. Axie Infinity introduces pet cultivation and turn-based battles into the game, allowing users to earn money while playing, realizing the self-healing of the economic system. Evolution Land uses cross-beam bridges to allow in-game assets to interact across chains, realizing free circulation on multiple chains.
As in reality, land remains the most sought after
In the past, as a means of production, land was the basis of human survival. Even though it has long since left the farming era, it is still a necessity for means of living, let alone endowed with currency storage value. Just like the real world, the land of the virtual world has been hyped since its inception and has become the biggest favorite in the entire ecology.
In June 2021, 9 pieces of virtual land in Axie Infinity were sold at a high price of 888.25ETH, which is about 1.5 million US dollars.
On June 9, 2021, Boson announced the purchase of a virtual real estate in the Vegas district of Decentraland at a current market price of approximately US$704,000, and plans to build a virtual shopping mall.
On June 18, 2021, Republic Realm, a digital real estate developer, purchased 259 pieces of digital land, or 66,304 virtual square meters, at a price of 1.295 million MANA, or approximately US$913,000.
In July 2021, the virtual land on The Sandbox with an area of more than 5.3 million square meters (24*24) was auctioned for nearly US$880,000.
Virtual land is like a pig on the cusp. Under the Duolun auction and the rush to buy, the price of virtual land has risen sharply, bringing huge returns to early investors.
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CryptoVoxels：9 Robotis Route
Behind the soaring prices lies the land economics behind each Metaverse.
Macro-control of virtual world
Just like the flood of currencies in the real world, every time the issuance of stablecoins, every time a big bull market comes, liquidity will be injected into the virtual land, thereby pushing up the price and ushering in a chase, which further leads to a high bubble.
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USDT market value increased by 2 times
With the issuance of stablecoins, the assets in the virtual world will rise accordingly. Compared with the rate of return of traditional assets or cryptocurrencies, virtual land is more attractive, and after the ownership is returned to the player in the form of NFT, each piece of land or each building is unique, and all transactions are public , transparent and traceable, more fantastic than real-world transactions.
Ecosystem
Like developed economic organizations, the economic prosperity of each country is closely related to the organization in which it belongs, and the economic base determines the superstructure, so the impact on land prices can be imagined.
Decentraland, The Sandbox, and Axie Infinity, as members of the ETH ecology, have gradually explored their own models after years of deep cultivation and trial and error on the fertile land of Ethereum. Users bring a basis of reality to their outbursts. It can be seen that the records of all land auctions this year were born from this ecology.
According to data from Nonfungible.com, among the top 10 most expensive NFTs currently, the virtual land in Decentraland and The Sandbox ranks in the top ten with over US$66 million and US$31 million respectively.
Evolution Land, as a representative of the Poalkdot ecological metaverse, has won the entry and support of dozens of projects inside and outside the ecology: Astar (formerly Plasm), BML community, Channels, Crust, Lendhub, Mao Dao, MDex, Metaventurer, Phala, Top DAO, YGG and they all bought land in Evolution Odaily to build a community. With the development of evolution Odaily, there is a high probability that it will become the game traffic portal of Polkadot ecology.
Basic supporting facilities
Just like the effect that Wanda can increase surrounding land prices by 20%, an infrastructure that integrates entertainment, leisure, creation, social interaction, and learning affects the fluctuation of virtual real estate prices in each Metaverse.
After several years of construction in Decentraland, there are now various characteristic blocks, mainly including Genesis Plaza, the central event plaza, which imitates Vegas City, the casino city of Las Vegas, Fashion Street, which is lined with big fashion brands, and Festival Land, the party city. Dragon City, a neighborhood with Chinese characteristics, Forest Plaza, a punk attraction, AETHERIAN project, a game competition area, Gamer Plaza, and an educational area, Decentrland University, etc. The existence of these scenes enriches the player's virtual world and makes people nostalgic and stop.
The Sandbox is becoming a major entertainment venue where brands are neighbors, where big IPs and celebrities can interact with fans and offer interactions including games, live performances and social experiences. It could be a digital concert stage, a theme park, or a shopping mall that players can visit and experience by themselves or with friends. This is the reproduction of the Internet celebrity economy in the virtual world. The reality is too far away, but the virtual world can come together to experience an unprecedented experience.
The land in Axie Infinity is productive land. After purchasing the land, players can mine AXS tokens and other resources, and can also rent it out to third parties as tenants to collect their mining share. In addition, players can also build buildings or operate shops to earn income. In addition, users can use the toolkit Lunacia SDK to develop games and generate content on the land. Each game is an NFT. Axie Infinity has a BOSS mechanism. A monster called Chimera will attack the Lunacia continent from time to time. It reminds me of Sabak siege when I was playing legends in elementary school. Defeating Chimera will also get dropped resources and props, which can be used for upgrades Land and Axie properties.
Evolution Land can engage in production, management, entertainment and other activities, such as mining, synthesizing props, building buildings, PK and other activities. At the same time, players can study their own strategies to quickly increase the value of their Odaily assets. Players can choose different continents, and the continents are distinguished in the form of public chains. They can buy and sell land on Odaily through auctions. At the same time, they can choose different occupations and participate in production to get rewards. Evolution Odaily also provides Dapp entrance, etc., where players can carry out various entertainment activities, and project parties can also do more display. If the game itself is regarded as a small society, social division of labor has begun to appear here, as well as applications that different social roles can participate in, such as "city hall" and "bank".
The addition of high-quality IP
The economy of the Internet is an attention economy. Due to the rapid increase in popularity of the Metaverse in recent years, it has attracted many well-known IPs to invest in its land or hold events in the Metaverse. At the same time, these IPs have also attracted players from outside the circle.
The well-known fashion sports brand Adidas once held a fashion show in Decentraland, and the auction house Sotheby's also moved its iconic London gallery into Decentraland. Recently, some well-known musicians have joined the metaverse, such as Chen Huanren, rock musician Richie Hawtin and Deadmau5 joined The Sandbox. The Filipino players led by YGG Game Association are the source user group for Axie Infinity to explode, and they still account for 50% of the total number of users today. Now that the YGG Game Association has acquired land in Evolution Land and started production and operation, will the YGG community bring prosperity to Evolution Land?
open traffic
We know that in history, there have been closed-door countries, which led to the decline of national power and let others slaughter them. The convenience of communicating with the outside world also determines the value of this metaverse land.
In the development of the blockchain game Axie Infinity, the recognized catalyst is its exclusive Ethereum sidechain Ronin launched in May, which has completely dominated the outbreak in the past two months. After the number of AXIE players is increasing and the popularity of the game is increasing, the performance of ETH obviously cannot keep up with the demand. Due to the high gas fee in the bull market, it has always affected the player's experience and cost, which in turn has brought obstacles to the introduction of traffic. Compared with Ethereum, the Gas fee of Ronin is negligible, making it easier for more users to breed, thus promoting the growth of Axie quantity, breeding fee and market turnover. Daily active users (DAU) have soared from 38,000 at the end of April to 300,000 now.
Evolution Land, built on the Darwinia network, uses a decentralized cross-chain bridge network to connect to Polkadot, Ethereum and other chains, DeFi, NFT trading markets, games, etc. Allowing assets of different ecologies to gather and reduce costs has become a cross-chain traffic entrance. With the advent of the multi-chain era, the interaction of different ecologies has become more frequent. Evolution Land will enjoy this dividend and usher in the explosive growth of data.
scarcity of land
In China, the way of restricting land supply is often used to macro-control the growth of housing prices, so the scarcity of land in the major Metaverses will also be reflected in the price of supply and demand.
The main body of Decentraland is Genesis City, and the size of Genesis City is 90,000 LAND (300*300), which has almost all the functions of a modern city. About 36,000 pieces of LAND are infrastructure areas built by the project party and cannot be used for sale, and the rest of LAND will be sold to users.
There are 166,464 (408*408) land LANDs in The Sandbox, and each piece is an ERC721 token. Players can purchase the land use tool Game Maker to develop and publish it themselves, or rent it to other game developers for rent. Maker does not need code knowledge to develop games, and the land can also be used to host its own other props ASSET or hold events.
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Land Types and Distribution of Lunacia
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Plane View of Evolution Odaily Continent
The soaring price of virtual land has indeed attracted enough attention, and it has stepped out of the circle in the next big wave of NFT, but the value support behind it still needs to be established on the prosperity of Metaverse's own ecology. No amount of economics is as good as hardworking people. The future of the virtual land requires a large number of users to develop and build, and build scenes to expand the scale, so as to realize the real Metaverse and put our real world and imaginary world into it.
