In 2020 $8.9 billion was spent on space technology companies. According to Morgan Stanley, this trajectory will continue, with revenue from space projects expected to reach $1 trillion by 2040. The blockchain industry is reaping the benefits of investments in both terrestrial and now space initiatives thanks to the explosive growth of the metaverse. Mars4 stands out as a potentially promising endeavor in this regard and worthy of investigation.
What is Mars4 Metaverse?
Mars4 is the first NFT land in a geographically exact 3D virtual Mars, created with data from NASA and other space agencies.
Owners can explore, colonize, increase their land value and earn Mars4 tokens in the Mars4 P2E Game (Play to Earn Game) that is currently being developed.
The creators of the game aimed for gamification attributes similar to that of Decentraland and Axie Infinity. Mars4’s talented engineers come from Earth-bound companies such as Salesforce and PriceWaterhouseCoopers.
A unique metaverse
Mars4 is unique among metaverses. The project’s development team created a highly realistic 3D topographical depiction of the Martian surface using NASA data. You could think of it as Mars’ version of Google Earth’s 3D map from 2001.
As a result, those who own the Mars4 NFT may use gamification capabilities to earn lucrative returns while virtually exploring the Red Planet.
Why Would Someone Invest in a Mars4 NFT?
The Mars4 mission has accomplished some cool things from a UX perspective. You can explore this virtual world’s unique environment and even stake your claim on Mars with a land purchase.
The Mars4 dollars can be used to buy one-of-a-kind properties on Mars. Because there is only a limited amount of land on the virtual Mars, the price of land may skyrocket in the future. There are only 99,888 units of land for sale.
On Mars4, there are 99.888 distinct land plots denoted by NFTs, with one NFT unit representing one distinct piece of land on the Red Planet. Each NFT has a total area of 1448 square kilometers. MARS4 Tokens, which are only available to crypto investors, as well as ETH, USDT, and USDC, can be used to purchase land plots.
There is a supply of 4 billion MARS4 Dollars, one-third of which will be used to mint the limited number of NFT land plots.
When a MARS4 Dollars transaction occurs, two fundamental functions occur: the yield for NFT holders and the expansion of the liquidity pool.
MARS NFT owners will be rewarded with Token at an increasing rate simply for keeping units in their portfolio. As a result, it will be inversely proportional to the number of network transactions required to establish this connection. The greater the volume and frequency with which transactions occur, the greater the number of rewards that will be awarded. This tends to spark one’s interest in how lucrative becoming a Mars Landlord could be.
How Could Mars4 NFTs Earn Money?
To begin, consider the basic economics of Supply and Demand. One of the most concerning aspects of any investment is the scarcity of the asset. Owners will have to pay more to take advantage of rising value as long as there is no asset cap.
Mars4 is on the cusp of the current virtual land boom-and the first to take this opportunity off Earth. Owning property on this Mars metaverse could make sense-especially given the prices being paid in virtual worlds like Decentraland, The Sandbox and Next Earth.
Pioneers in Mars4 could be setting themselves up nicely, if NFTs and the metaverse writ large continue to expand and gain adoption.
Here are some possible revenue streams available with Mars4 land:
- Get rent and passive income
- Reselling Mars4 land plots
- Land naming feature increases value
- Place billboards, ads, other NFTs
- Open a virtual shop for trading
Why should someone consider participating in Mars4 as an investment because of opportunities for passive income? If you have money to spare, are convinced about the long-term solvency of NFTs and have an adventurous appetite for risk then this project might be right for you. Especially if the idea of owning virtual land on the Red Planet appeals to you.
Also, a planned P2E Mars4 game is in the works-which will increase the value of the token as well as land NFTs.
As more information about Mars (the planet) is gained through exploration, the demand for Mars-related NFTs could rise. The Mars4 NFT is a one-of-a-kind example of an NFT that provides both ownership bona fides and the ability to generate passive revenue-even while sleeping.
Jay Speakman is a technology writer based in San Francisco, California. He writes on the topics of blockchain, cryptocurrency, DeFi and other disruptive technologies. Clients include Avalanche, Be[in]Crypto, Trust Machines and several blogs devoted to blockchain gaming. He will not rest until fiat currency is defeated.