NextEarth
Crypto Overview
Overview
Next Earth is a metaverse project that launched in 2021, aiming to create a digital replica of Earth where users can purchase and own virtual land tiles represented by NFTs. The NXTT token serves as the native currency within this ecosystem.
Purpose and Utility
The stated purpose of NXTT is to facilitate transactions within the Next Earth metaverse, including: purchasing virtual land tiles, participating in governance decisions, and enabling users to create and trade virtual assets. The token also provides access to the platform's marketplace and various metaverse features.
Business Model Analysis
The business model focuses on legitimate digital asset ownership and virtual land trading. The platform does not involve interest-bearing products, gambling, or explicit prohibited activities. All transactions are transparent and recorded on the blockchain.
Development and Adoption
The project maintains active development with regular updates to their platform. While adoption is still in early stages, there is evidence of real usage in virtual land purchases and marketplace activity. The team continues to expand features and use cases for the NXTT token.
Token Distribution
Token distribution appears reasonably balanced, with clearly defined allocations for development, community rewards, and team tokens. Team tokens have vesting periods in place to align long-term incentives.
Crypto Impact
To assign a comfort level investing in NextEarth from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to NextEarth.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.