The interaction and integration between virtual and real worlds are accelerating. Humankind is entering a new era and welcoming a new civilization. Virtual land is becoming the most crucial production and living resource in this new era. The arrival of NFT technology and the metaverse has further appreciated the price of virtual land resources.
Like the buildings in the real world, all development and construction are built on land resources and are inseparable from them. Therefore, the virtual land launched in the first stage of the Tycoon Zone is also the most crucial resource in its metaverse world. It lays the foundation for all activities and construction and serves as the most critical element in its business model.
On the first island of the Tycoon Zone, where the land is precious, the number of virtual lands issued is limited, leading to further price appreciation and truly unleashing the preciousness of virtual land resources. Virtual land is the essential foundation in the business model of Tycoon Zone. First, it provides an application scenario for NFT assets in the Tycoon Zone to create value. For example, players must build buildings on the land. Under the unique P2E economic model of Tycoon Zone, players will obtain wealth effects through NFT land and buildings. Subsequent released NFT assets will also create value through virtual land as a carrier and application scenario.
Virtual land is not a new term. As early as 2004, a user named Anshe Chung became a millionaire in the game known as Second Life through virtual real estate transactions. However, the virtual land in the Tycoon Zone is different from in Second Life, and the difference is one of the most critical.
Thanks to the vigorous development of NFT technology, each piece of virtual land in the Tycoon Zone metaverse is unique. Each piece of the land itself is a non-fungible token ( NFT ) minted on Binance Smart Chain, and all transactions are open, transparent, and traceable. In the past, without blockchain technology, the real ownership of virtual land could not be confirmed, and its characteristics of being easily copied or even stolen made virtual land unable to bloom in the past. However, the true ownership brought by NFT technology makes every piece of land in the Tycoon Zone truly belong to its owner. Therefore, the management and transaction of virtual land are now more transparent, safe, and convenient. And with interoperability brought by NFT technology, virtual land can now be freely transferred to any NFT market for sale and even brought into other application scenarios.
Virtual land serves the same purpose as real land in the metaverse world that mirrors the real world. However, it can do even more. Compared with the real world, players can freely choose to build any buildings according to their preferences in the Tycoon Zone. Players are free to decorate their virtual land in any way they want, regardless of restrictions such as physics in the physical world. Virtual land is highly scalable and creative in the digital world, and players can truly develop and build according to their preferences.
At the same time, as the metaverse technology and concepts mature, more players and users will join the metaverse world. The virtual land will open up more creation, construction, and operation possibilities. Commercial activities such as fashion exhibitions, art galleries, concerts, museums, and cinemas gradually appear in the virtual world.
Therefore, the virtual land in the Tycoon Zone metaverse is not only an application scenario for players’ NFT assets but also becomes a commercial application scenario, providing a venue for commercial activities. Merchants and capital will be able to build virtual stores, conduct commercial activities, and even install advertisements on the virtual land in the Tycoon Zone. In addition, all kinds of business activities in the Tycoon Zone will no longer be limited by the physical world.
In Tycoon Zone, players only need a network connection to visit the event site, participate in the event, and even explore the virtual store built by the merchant in a breeze. Furthermore, merchants who choose to host their business events in the Tycoon Zone metaverse will no longer be restricted by the laws of the physical world but will be able to create event scenes in the most daring, engaging, and eye-catching form.
In addition to the high degree of freedom in commercial activities, the borderless advantage brought by virtual land will truly maximize the value of virtual land. In the Tycoon Zone metaverse world, virtual land will be off the hook from the physical world and no longer be restrained by geography or player’s nationality like it was for real land in the past. Players can buy any piece of land in the Tycoon Zone world at will, no matter where they are; players can easily access friends or businesses in Tycoon Zone no matter what country they are in. Players and business capital will be able to break through the physical world’s limitations in the past and, indeed, face a new and borderless world.
In the global hype of the NFT craze, NFT land, as the main application scenario for all commercial activities, social activities, and entertainment activities, will be the future mainstream of the metaverse. In the Tycoon Zone metaverse, the scarcity, preciousness, and huge commercial application value of the island’s virtual land have laid a solid foundation for NFT land to achieve higher value in the next few years. The infinite potential of NFT land will break the existing inherent physical boundaries in the Tycoon Zone metaverse and lead all humankind into a new form of human civilization.
