El Salvador is a small country in Central America with a population of over 6 million. It has a rich indigenous cultural heritage and its capital, San Salvador, is one of the most famous cities in the world. In fact, it is known as the fall of Christopher Columbus in 1492.
Besides its rich history, El Salvador is also famous for being the first crypto-friendly country in the world. In fact, El Salvador was one of the first countries in the region to announce its intention to become a crypto country. They recently adopted bitcoin as legal tender, launching what experts predict will be a string of countries that accept cryptocurrency as a legitimate form of payment.
Cryptocurrency opportunities are ripening in El Salvador. The country is home to one of the largest groups of artists and creators outside of Silicon Valley. Now, you can buy virtual land in El Salvador called NFT “tiles” on a digital replica of Earth, via the Next Earth project.
What is NFT?
NFT, or Non-Fungible Token, is a digital asset that represents real-world ownership, digital assets such as trading cards, artwork, or even virtual properties.
The excitement around NFTs is not just limited to players and blockchain enthusiasts, but it has also attracted the attention of serious investors and entrepreneurs. In fact, Visa recently bought Cryptopunk NFT for $165,000, and NFT enthusiasts have purchased nearly $2 million in virtual real estate through Next Earth.
How to buy Virtual Land NFTs
Since August 2021, Next Earth has been selling virtual Earth NFTs from the Earth Map. Recently, they launched the NFT Marketplace, so that users can buy and sell NFTs directly with each other.
The NFT purchase represents ownership of virtual plots within the Next Earth metaverse. Now that the NFT market is live, anyone who owns a BNB (Binance Smart Chain Token) can easily purchase virtual real estate.
What is Metaverse?
Metaverse is a term used to describe a shared digital space where people spend their time interacting with each other digitally. One day, it will consist of interconnected virtual worlds that collectively form part of one large metaverse ecosystem. The online metaverse will contain avatars that can interact with each other just as they would in the real world.
In fact, some companies and organizations have also created their own version of the metaverse online – the “digital twin” – which replicates what they would look like if they were on the (real) physical Earth while allowing them to operate within the digital space.
Major players in this field include Facebook, Microsoft and Google, who hope to make money by allowing users to access customized versions of these spaces. These companies will likely allow members to purchase virtual goods that help improve social media presence such as clothing brands or virtual real estate, among many other things. However, these are all centralized, and Next Earth is the first decentralized virtual Earth.
Why El Salvador is the perfect location for NFT
El Salvador has a rich culture and history, which makes it the perfect place to buy an NFT. The state also has a strong commitment to protecting the indigenous population as well as protecting the environment. After all, El Salvador was deeply affected by the conflict of ancient Central America and the Iberian Peninsula in the Middle Ages.
Besides being historically interesting, El Salvador is a beautiful country with amazing natural beauty – welcome to its virtual counterpart! In fact, Next Earth gives users access to amazing places outside of El Salvador, whether you want to take a virtual trip to New York City or even Hawaii. One can only imagine what the future of the metaverse will bring when users can finally truly own their digital assets.
Photo by Enrique Alarcon on Unsplash
