EarthMeta, currently at the final stages of its $EMT digital token presale, announces today the launch of its metaverse platform. Developed over the Polygon blockchain, the EarthMeta metaverse is the first opportunity for early adopters to put their hands on cities and become landowners in this new virtual reality universe. This significant milestone sets the stage for future developments, including a metaverse, avatars, augmented reality (AR), virtual reality (VR), and much more.
But this launch did not go without problems. Users have reported that, although the metaverse loads and functions, they are unable to purchase cities and are receiving error messages. These initial issues appeared to have been resolved by the project developers, as the founder addressed the problems and described them as production bugs that they had not identified in the testing environment, despite considerable effort invested in testing.
What Is EarthMeta?
EarthMeta is a pioneering metaverse project that is developing a digital clone of Earth, as we know it, in the metaverse. In the EarthMeta virtual world, the public can buy cities, which turn them into governors and digital real estate owners of unique digital assets. These cities and assets are represented as Non-Fungible Tokens (NFTs), ensuring their uniqueness and authenticity of ownership on the blockchain. The EarthMeta coin ($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.
City Types and Sale Timeline
With the launch of its metaverse and city presale, EarthMeta achieves a significant milestone for its entire crypto project, adhering to the roadmap timeline as initially set. Currently, the cities are not available for public purchase, but are given priority to $EMT token presale buyers. Cities in the metaverse are classified into three tiers:
- Tier 1: Only 200 cities exist in the EarthMeta metaverse. These are the most attractive and prominent cities globally, each represented as a unique NFT.
- Tier 2: These are the top 1% of regional cities in each country. They are well-known nationally but not necessarily internationally.
- Tier 3: The rest of the cities. While less attractive than Tier 1 and 2, they still provide the governor status and unique perks.
According to the city sale schedule published on the Telegram channel, the city sale timeline will be as follows:
- October 21: Tier 1 city sale begins exclusively for presale holders and is the last chance to get free cities during the presale.
- October 23: Tier 1 city sale opens for non-presale holders.
- October 29: Tier 2 and Tier 3 cities available for claim or purchase by presale holders.
- October 30: Tier 2 and Tier 3 cities available for non-presale holders.
Metaverse Cities Pricing
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. At its core, it's a decentralized finance (DeFi) project that could generate 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 significant losses due to the high costs, and the EarthMeta token price might not meet expectations.
EarthMeta Compared to Sandbox and Decentraland
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, with everyone wanting a piece of it. 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, the allure of the niche seems to have diminished.
EarthMeta, built on fresh new foundations and equipped with the latest technologies, including AI and Virtual Reality (VR)/Augmented Reality (AR), aims to create a virtual world that engages users and brings real-world experiences to life through blockchain decentralized technology, integrating AI into the metaverse. This positions them in a great place to overcome the competitors.
Final Words
With the launch of its metaverse, EarthMeta positions itself as a legitimate player in the cryptocurrency metaverse industry. Although still in its early stages and with a relatively small supportive crypto community, the platform's latest launch appears to be 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.
