EarthMeta, currently at the final stages of its $EMT digital token presale, announces today the launch of its metaverse platform. Developed over the Polygon blockchain, the EarthMeta metaverse is the first opportunity for early adopters to put their hands on cities and become landowners in this new virtual reality universe. This significant milestone sets the stage for future developments, including a metaverse, avatars, augmented reality (AR), virtual reality (VR), and much more.
But this launch did not go without problems. Users complained that while the metaverse loads and functions, they can't buy cities and are getting error messages. These initial issues seemed to have been resolved by the project developers, as the founder addressed the problems and described them as production bugs that they didn't manage to discover in the testing environment, even though a lot of effort was invested in testing.
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EarthMeta is a pioneering metaverse project developing a digital metaverse that is a clone of Earth as we know it. In the EarthMeta virtual world, the public can buy cities, which turns them into governors and digital real estate owners of unique digital assets. These cities and assets are represented as Non-Fungible Tokens (NFTs), ensuring their uniqueness and ownership authenticity on the blockchain. The EarthMeta coin ($EMT) serves as the native cryptocurrency of the platform, facilitating transactions and governance within the metaverse.
As governors, they can sell or trade their assets such as buildings and monuments in the metaverse marketplace, utilizing crypto tokens. For future transactions on their city assets, the governors will earn a 1% tax. A governor with the most valuable assets becomes the president of the country, which in turn entitles them to even more taxes and benefits.
With the launch of its metaverse and city presale, EarthMeta sets an important milestone for its entire crypto project while adhering to the roadmap timeline as was initially set. Currently, the cities are not available for the public to buy but are given priority to the $EMT token presale buyers. Cities in the metaverse are classified into three tiers:
According to the city sale schedule published on the Telegram channel, the city sale timeline will be as follows:
If you think EarthMeta is merely a cool metaverse game and experience, you might underestimate its scope. With Tier 1 city presale prices ranging from $4,500 for Riga up to $39,000 for New York City, it's more than just a gaming experience. It's a decentralized finance (DeFi) project at its core that could earn significant profits for early adopters due to the capped land supply in the digital land sales market.
Moreover, the EarthMeta token price is a crucial factor for investors. With an initial market cap of $63M, we're looking at 10x if the $EMT coin could follow the current market cap of similar metaverse projects such as Sandbox and Decentraland. However, if the project doesn't take off, it could also incur major losses due to the high costs, and the EarthMeta token price might not meet expectations.
In a previous article covering EarthMeta, we found it to be a legitimate project that can definitely compete with current metaverse giants such as Sandbox and Decentraland. Several years ago, blockchain metaverse projects seemed to be the hottest thing around that everyone wanted a piece of. But these days, the magic seems to have worn off. As Decentraland appears to have depleted its user base in recent years, and Sandbox struggles to complete a funding round from crypto investors, this niche's allure seems to have diminished.
EarthMeta, built on fresh new foundations and equipped with the latest technologies—from AI to Virtual Reality (VR)/ Augmented Reality (AR) —aims to build a virtual world that will engage users and bring real-world experiences with blockchain decentralized technology, integrating AI into the metaverse. This positions them in a great place to overcome the competitors.
With the launch of its metaverse, EarthMeta positions itself as a legit player in the cryptocurrency metaverse industry. While still early and with a rather small supportive crypto community applauding the latest launch of the platform, the project seems on the right track. We'll keep following anyway, as crypto investors are keen to see how the metaverse economy evolves and how the EarthMeta token price performs in the cryptocurrency market.
