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WEB3land is a DeFi, fully customizable, virtual reality, community-driven, play-to-earn gaming ecosystem in which world owners can create limitless in-game experiences for players.
With virtual reality experiences of a sustainable economy built on NFT acts in a world under the user’s control, where the user may be anyone they want to be and live as they want to live without any limits, all while focusing on the complete decentralization of WEB 3.0.
“Understanding the incentive dilemma is crucial to creating a Metaverse”. “There is a need for a new economic contract between digital users, one that permits service providers to survive while providing consumers complete digital ownership and control”. This was feasible thanks to blockchain technology and the DeFi economy.
Web3Land came up with the notion of building a new Earth devoid of the aforementioned issues in this way.
Web3land is a futuristic concept for a second earth, a metaverse in which real-world geolocations on a cut-out map correspond to user-generated digital virtual settings. These surroundings can be purchased, sold, and drastically transformed in the near future. Web3Land is a digital replica of the Earth based on NFT technology. It allows users to buy, and sell 10x10m virtual land tiles. As a result, they are able to participate in the Web3Land economy and become citizens. Furthermore, landowners can meet in a marketplace if they want to sell or acquire used NFT land tiles.
Users will be able to log on to web3land.net and browse the Map after registering. In there, they will be able to purchase any free tile up to 1000 tiles at a time. Further, mapbox’s Tile Service turns geospatial data into vector tiles, updates maps in real time as data changes. As well as providing a low-latency caching network for scaling in any geographic region.