Lands
Last updated
Last updated
Lands are digital assets in the form of NFTs with specific coordinates on the Meta Life map. In most blockchain games involving player-owned parcels of lands, the location of a real estate is highly important, for it will determine where players situate their property in the metaverse but also who surrounds them. Meta Life will feature a finite number of Lands (20,000) available to purchase in Meta Life whose location is determined prior to their launch on the market. Lands cannot be moved from one coordinate to another.
This structure presents the following advantages:
players can decide to purchase Lands with common borders to create larger parcels of lands they control, near their friends if they wish to;
multiple players can decide to purchase neighboring Lands if they wish to combine their real estate to create an even larger social experience. Players can thus buy Lands to create experiences to attract other players into free or paid events they organize.
The other incentive players have to create experiences on their Lands is that it will inherently make its value on the market go up. The more visitors a parcel of Land has, the higher the price of your Land will be on the market, but players can also decide to charge more for ticket events they organize.
The location of certain parcels of Lands will inherently impact the intrinsic value of a piece of Land, in the positive if a piece of Land is near a famous Land or near the city centre of one Meta Life’s cities.
Players can purchase as many Lands as they wish as long as there remains Lands for sale. The sale will be in the form of a mint sale whereby investors can decide to mint Lands from Meta Life. Reveal will then take place, attributing random coordinates to each purchased parcel of Land.
We have allocated the same number of Lands to each of the 7 factions so we could make sure there would be no value bias in regards to the rarity structure of the Meta Legends collection affecting each faction specifically. Importantly, we have made sure the rarity structure affecting the Meta Legends collection will not affect the value of Lands belonging to these factions.
Note that - at the time this whitepaper was published - 1980 units of Land have already been sold during the Meta Legends mint in November 2021. Players having purchased these units will be given the choice of the faction for each unit of Land purchased (ie if a player has purchased 10 units, this player can choose to have 10 Celestial Lands or 5 Celestial Lands, 3 Burner Lands and 2 Rough Lands).
Players will be able to build on their land with an in-game Land Editor featuring an UE5 integrated building program allowing them to customize their land with various elements to transform them. The Meta Life team can also assist you in designing your new home, should you wish to have professional assistance.
Items available to customize lands will take the form of NFTs available through the Meta Life marketplace, which players can then assemble to create anything they like. Similar to Minecraft’s building blocks, but in high-quality 3D.
Building on a land can have multiple purposes depending on what the player owning the land wants. It can either serve the purpose of attracting other people by creating beautiful monuments or creating events venues for concerts and exhibitions, or it can be purely personal and forbidden territory for other players.
Players who wish to acquire pieces of lands that are part of the Meta Life scenery on which there is no need to build - and on which it is impossible to build - will be able to do so. In order to keep the world of Meta Life as stunning, coherent and enjoyable as possible we believe that some regions must be kept unspoiled by players who will be able to own these lands but not customize them.
However, these lands will still provide bonuses, perks and benefits and their value will again depend on their location (ie higher speculative value if they are within or near a big city, or near a monument, or other attractive lands) and on their looks (ie higher speculative value if they feature marvelous sceneries).
As in any real estate business, purchasing a land during pre-sale will ensure the player the best price before it is on the secondary market and available for anyone to buy and sell. As mentioned, we have made sure that lands would have inherent value by creating natural scarcity. Lands are a finite commodity for which the first ones will be sold at a preferred price which will increase in time.
As with real-life real estate, players will have the opportunity to keep their land for themselves or lend it to other players. Either permanently or for a specific timeframe such as an event. Transactions will always take place on the Meta Life marketplace with METAL which will feature the option to put land up for rent either for permanent tenants or for a specific time-constrained purpose.
Land ownership allows you to:
secure a desirable location from a finite amount of lands
design a virtual experience representing yourself or your brand with few limits
host contests and events that you can monetize with METAL
rent a land or lend it to other players in exchange for METAL directly on the marketplace
create customized spaces and ecosystems for any purpose you like
