What can you do with a SPOT of land in YED?
Owning a SPOT of land in the YED has the following uses and advantages:
- Trade land at any NFT marketplace.
Owners of YED land will be able to trade and profit from the market value of their land property by listing it on an internal or external NFT marketplace such as OpenSea or the Acent blockchain NFT marketplace.
- Mine meta-resources and energy.
Landowners may plant Pylon NFTs on their spot of land to mine a particular meta-resource or energy that can be utilized, sold, or traded at any internal or external NFT marketplace. Only 1 Pylon NFT is allowed for 1 spot of YED land.
Purchasing a spot in the Acent City gives the owner the privilege to own 1 ZEP (Zero-Point Energy Pylon) NFT that allows landowners to mine energy or digital electricity on their land to power up meta-real estates across the metaweb and to be traded as a commodity in the Acent DEX in the future. Unlike other Pylon NFT resources, the utilization of ZEP to produce digital electricity is limited to Acent City spots only. Hence, the Acent City can serve as a perpetual energy generator for the rest of the world within the metaweb. Should the owner wish to plant more Pylon NFTs other than ZEP, he/she has to buy a spot outside the Acent City.
More details about the ZEP and other Pylons will be released through YED’s official community updates.
- Mine EDAO tokens and participate the metaverse governance.
When users own land, they can mine EDAO tokens that enable them to participate in the metaverse governance through voting or submitting DAO proposals. The mined EDAO will also earn $ACE from the UBI pool for activity rewards, as long as they stake their EDAO tokens. The greater the number of individuals seeking EDAO rewards, the greater the anticipated increase in $ACE’s value.
Details of the mining rate have been provided in the previous section.
- Rent out their land as the traffic builds.
Foot traffic is projected to increase in the YED metaverse. At that point, income from rent is envisioned to be the main form of income revenue for land owners. The more developed a spot of land is, the higher the G-rating it receives. This also implies that landowners can command higher rental fees from businesses built by others on their property. If landowners are not interested in renting out their lands, they can utilize them to build their own businesses.
The monthly average user (MAU) is the parameter by which the YED algorithm will compute the foot traffic a spot of land attracts in a month. This determines statistically how much minimum rent you can charge from anyone who wants to do business on your land in case you choose to just rent it out.
Below is a provisional range of G-Level Status based on the MAU:
- G0 Level – 0 ~ 900 MAU
- G1 Level – 901~1800 MAU
- G2 Level – 1801 ~ 2700 MAU
- G3 Level – 2501~ 3600 MAU
- G4 Level – 3601~ 4500 MAU
- G5 Level – 4501 ~ 5400 MAU
- G6 Level – 5401 ~ 6,300 MAU
- G7-G9 Level – Undefined as of now
Note: The metrics defined herein are provisional and are subject to change as the traffic is projected to increase attributed to the heavy incentivization and release of other monetization features within the YED.
- Build businesses with unlimited creative potential.
Business ideas that can be built on a spot of land could include, but not be limited to, hyperrealistic play-to-earn gaming apps; deployment of decentralized ads; entertainment apps; social media apps; news networks; content delivery networks (CDN); NFT-based metacommerce showrooms and stores; and so much more.
- Monetization and creation of creative content through meetings, hanging out, traveling, and interacting with other meta-citizens.
The YED metaweb is designed to simulate a parallel reality web service on the Acent blockchain, hence there are no limitations concerning space and time. One of the most engaging activities for monetization would be to create entertaining content by using them to share their experiences with friends and families who are in different time zones or different locations in the physical world. They can teleport to each other or go to a metaspace together in YED and enjoy being together virtually. Recording and sharing this on a meta-content delivery network within the metaweb can turn out to be a new fun and profitable consumer market segment.
- Deploy meta real estate.
Landowners can buy, design, or build a meta-real estate on their land to increase the amount and quality of traffic. The more traffic they get from their land development, the more Acent rent will be received in the future, depending on the G-level or status of their spot.
Details about spot sales and airdrops are posted on our official community updates.
