The metaverse space is still red-hot, even amidst a cooler market for crypto. Next Earth, the replica of Earth and platform-as-a-service, is the third-largest metaverse and one of the most promising projects in the space.
The company has a strong team with a proven track record, a large and active community, and a clear vision for the future. Here are three reasons why $NXTT is in a bullish position.
1. Surviving the crypto downturn
Looking at the NXTT price chart, we see that it launched at around $0.001 in late January, and now sits at around $0.0034, and was recently at $0.004.
In the meantime, many other altcoins, particularly small-cap altcoins and ICO tokens, have seen their prices plummet by 80% or more. So, while $NXTT is down from its peak, it’s actually one of the better-performing altcoins in this market downturn.
For comparison’s sake, Bitcoin is down over 50% from its peak last November, while Ethereum is down over 60%. For a small crypto to survive this kind of market-wide correction is a positive sign.
2. Strong team and community
As mentioned, the $NXTT team is led by experienced entrepreneurs with a proven track record. The team has a clear vision for the future of their project, and they are executing on that vision.
The $NXTT community is also very active and engaged. There are over 67,000 members in the official Discord group, and the team is constantly communicating with the community, seeking feedback and input. With over $11 million in virtual land sales, their community clearly believes in the project.
Fostering this support is Next Earth’s commitment to environmental initiatives. Ten percent of Next Earth’s virtual land sales are donated to environmental causes. And their Decentralized Autonomous Organization (DAO) allows users to direct these funds to the most effective environmental organizations.
This commitment has helped Next Earth become one of the most popular crypto projects for good. When it comes to fighting climate change, every little bit helps. Next Earth is doing its part to help make the world a better place.
3. The Next Earth launchpad
The old saying, “don’t dig for gold, sell shovels” is apt here. $NXTT isn’t just a metaverse, it’s a platform-as-a-service for building and launching other virtual worlds. In other words, it’s a launchpad for other entrepreneurs to build their own metaverses.
This is a key difference between $NXTT and other metaverses. $NXTT isn’t competing with these other projects, it’s enabling them. Next Earth believes in collaboration over competition, and this is a major competitive advantage.
So, while the crypto market may be cooling off, $NXTT is still in a strong position. With a strong team, engaged community, and unique platform-as-a-service offering, $NXTT is poised for continued success.
Photo by Hans Eiskonen on Unsplash