El Salvador is a small Central American country with a population of just over 6 million. It has a rich, indigenous cultural heritage and its capital, San Salvador, is one of the most iconic cities in the world. In fact, it is known as the Landfall of Christopher Columbus in 1492.
In addition to its rich history, El Salvador is also known as the world’s first crypto-friendly country. In fact, El Salvador was one of the first countries in the region to declare its intention to become a crypto nation. They have recently accepted Bitcoin as a legal tender, blocking what experts have speculated that countries will accept cryptocurrency as a legitimate means of payment.
The opportunity for crypto is ripe in El Salvador. The country has one of the largest populations of artists and manufacturers outside of Silicon Valley. Now, you can buy virtual land in El Salvador as NFT “Tiles” as a digital replica of the world through the Next Earth project.
What is an NFT?
An NFT, or non-fungible token, is a digital asset that represents digital assets such as real-world ownership or trading cards, works of art, or even virtual properties.
The excitement surrounding the NFT is not limited to gamers and blockchain enthusiasts, but has attracted serious investors and entrepreneurs. In fact, Visa recently bought a cryptocurrency NFT for 165,000, and NFT enthusiasts bought virtual real estate for about 2 2 million through Next Earth.
How to buy virtual land NFT
Since August 2021, Next Earth has been selling NFT virtual land from the Earth map. Most recently, they launched an NFT marketplace, where users can buy and sell NFT directly with each other.
The purchase of an NFT represents ownership of the virtual land parcel within the metavers of Next Earth. Now that NFT Marketplace Live, anyone who owns a BNB (Binance Smart Chain Token) can easily buy virtual real estate.
What is Metaverse?
Metaverse is a term used to describe a shared digital space where people interact digitally with each other during their time. One day, it will be composed of interconnected virtual worlds that are collectively part of a larger metaverse ecosystem. Online metaverse spaces will have avatars that can communicate with each other like in the real world.
In fact, some companies and organizations have even created a version of their online metavers – a “digital twin” – that replicates what they would look like if they were in the physical (real) world while being allowed to work in the digital space.
Key players in this field include Facebook, Microsoft and Google, who expect to make money by allowing users to access personalized versions of these places. These companies will probably allow members to buy virtual products that help improve the presence of social media presence such as clothing brands or virtual real estate, among many others. However, these are all centralized and Next Earth is the world’s first decentralized virtual replica.
Why El Salvador is the right place for an NFT
El Salvador has a rich culture and history, making it an ideal place to buy an NFT. The country is committed to protecting its indigenous peoples as well as the environment. After all, El Salvador was heavily influenced by the conflict between ancient Mesoamerica and the medieval Iberian Peninsula.
Apart from being historically fascinating, El Salvador is a beautiful country of incredible natural beauty – welcome to its virtual adversary! 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 Metavers will bring when users can finally own their digital assets.
Photo by Enrique Alarcon on Unsplash