Land Ownership Platform in the Metaverse

a really new concept. Somebody who knows a ton about the meta versus David Taylor, who's chief operating officer and token architect at next Earth. Next Earth is a metaverse platform that calls itself the third largest metaverse. It has virtual landowners. It's got two and thirty thousand registered users. David It joins us via zoom from Hungary. David, how are you. I'm good? Thank you so much. We're just

about to close up. Eased their holiday here. Oh well, thank you so much for taking the time and joining us. Let's talk a little bit about how how did you become the third largest metaverse out there right now? And what does it mean to be the third largest? Is the central and bigger? I mean, he's bigger out there at this point. Well, it depends on what you're looking at, but when we're looking at the revenue growth and user growth,

we are actually um or disurpassing the second. But obviously the trio of this market is us, the central End and Sandbox, and there are a couple of others are out there in the web three space, but we're certainly the first and only Earth based mataverse that is on

the blockchain. We'll talk a little bit about what people get when they become a member of Next Earth, when they become a landowner in Next Earth, because I gotta tell you, I think it's fair to say a lot of people listening right now, or a portion of people listening right now, might say to themselves, why would I actually pay money for something that is called land but only exists in the metaverse right now? I think that there are two answers to that question. The first question

is what is the mataverse it self? Because I think that's what confuses many people, and the way we're looking at it is the metaverse is a virtual space right where consumers can interact with digital digital environment, with services and each other. So in other words, it's kind of like an Internet, but it also has a spatial dimension. And once you add the spatial dimension to the Internet, the whole term and concept of virtual land and virtual

real estate starts making sense. So, um, the way you will, I would like to put it to our users, and this is what we'll give virtual land utility is that in a in a web environment that also has a spatial dimensional spatial web. In a sense, virtual land is basically the new Facebook page for small businesses. I'm curious. There's there's kind of been two narratives of the of the metaverse when it comes to the creation of it.

You have, um, we're going to use prominent names here, I'm gonna we have Metal platforms are formerly known as Facebook's vision of it, which is you go to inside the metaverse, you're able to buy a T shirt, um, go to concert virtually and then where you know that concert t shirt to work the next day and and that kind of becomes your your metaverse life very much as much a social platform similar to likes of Facebook, Instagram, etcetera.

Then you have the other version, which I think Microsoft kind of came out with, which is this is more of a work platform, a remote work platform where you use the metaverse to communicate with work colleagues. Which one is the right metaverse? Ha ha, that's a pretty good question, and the answer is neither and both. The metaverse is a new industry that is currently being born out of Web two and the metaverse is technically a merger of

three core industries. One would be social media, the second would be gaming and gamification and all that comes with it, and the third is finance. And that's why you can start seeing companies like Facebook or meta um competing with the companies like Big Games with Fortnite like that that

couldn't have happened in years ago. David, when you when you want to go back to something that you said a little earlier, the idea of having a Facebook page in the metaverse, the idea of small business having a piece of land is like having a Facebook page in the world that we know Web two point. Now, how do you know which which horse to bet on? Here?

How do you know which platform to bet on? Because I know this is supposed to be decentralized and you're supposed to be able to take stuff from one world to another world. But if you're buying land in next Earth, what happens if the central land is that has the customers that your small business wants to reach. So here is where our strategy differs from all the other Web three and also all the other Web two platforms, because we are not betting on any metavers We're betting on

the platform of the metaverse itself. We are aiming to become the middlewere layer of the mataverse itself, which means that new metaverse projects will be born out from Fortune five hundred companies, from other Web three and blockchain and decentralized projects, and we actually want to help them create their own mataverse projects. We want to integrate with Sandbox and with the central and make all of them interoperable.

And this is why we have decided that as next Earth, we are going to build as a platform as a service where through our suite of API, s our landowners can actually access a myriad of different services from other metaverses as well. What do the what do the services look like? So you already mentioned a couple of them, but what we can see as that obviously that the low hanging fruit would be about entertainment, concert experiences or

other art galories in the mataverse. The whole sort of gaming and three D aspect is coming into the metaverse is a low hanging fruit and another quick opportunity to win over new consumers would be coming from fashion or education.

We're already in talks with an education company that has about over a hundred thousand educators within their network who are working and collaborating with each other, and they are coming to the metavers and guess what they're going to be building their own metaverse solution using our own middlewhere layer talk to us a little bit about demographics here. Because you mentioned education, you mentioned kind of an uh more social experience. We've also talked about the work experience.

Those are very different demographics. When I think about uh say, someone going to the concert for the first time, I'm thinking a twelve or thirteen year old teenage girl, right. I think I was about my age when I went to the first concert. Twelve their team, okay, yeah, with a parent earlier with a parent, yeah, so twelve or third teams, whereas for work is maybe twenty two right when you graduate from college um and education can be

anywhere from pre K to graduate school. What is the age demographic that the metaverse is targeting not necessarily about just the age demographic, but if you look at how the Internet itself people from a sort of small community of hackers trying to do stuff on the Internet, to a bunch of you know, millennials doing innovative stuff to actually, uh me having conversations with my grandmother over Facebook, and she is actually a lot more proficient in using Facebook

these days than I am. H That's that's the exact same evolution that we're going to witness with the metavers because just like in two thousand there were Internet companies and normal companies, and today there are just companies and every single one of those companies are on the Internet,

the same thing will happen with the metaverse. Today is just a bunch of hackers from the crypto community space, or or from the from from the likes of UH, from from the uh the boiler rooms of Matter or Microsoft. But then in ten years we're going to have entire families, businesses, business chains operating within the mattervers and in fifteen twenty years they're just gonna be businesses and being manavers is

actually gonna be quite the commodity. And who knows, maybe we'll be doing this interview from the metaverse next Time. David Taylor, chief operating officer and token architect at Next Earth, joining us via Zume from Hungary