The NFT and metaverse space is rapidly evolving by the day with hundreds of new projects springing up. While some projects are solely dedicated to helping people create and own NFT art and other collectibles, the metaverse projects, on the other hand, are building a virtual world to house NFT projects.
However, there is a gap between the NFT projects and the metaverse that is inherent in the onboarding process in this instance. In other words, how can a regular NFT holder (someone who owns an avatar project for instance) find a home within the metaverse for a collectible?
Without doubt, this may sound complicated to someone who does not have a background in software development or blockchain technology. Beyond what the process sounds like, it can get really difficult for some NFT holders to navigate the metaverse, which is part of the reason that Property’s was created.
Property’s exists for various reasons, one of which is to make the onboarding process of NFTs to metaverse a lot easier, especially for those who are new to the space.
Another fascinating feature of Property’s is that it allows users to build real estate by collecting a series of cards in the form of NFTs. According to Property’s creators, these cards help people figure out what to do with the NFTs they have accumulated.
We have previously published an article that details how the project works; click here to learn more. That said, one thing that is integral to the success of this project is partnership.
In an exclusive interview with DailyCoin, Konrad Probst and Joseph Effendy, two of the creators behind the Property’s project, shed light on how partnership is playing a key role in scaling the NFT project.
Property’s Partners with Three Existing Metaverse Projects
To begin with, Property’s has already established a major partnership with three notable names in the industry including, LandVault, Sandbox, and MetaMundo. According to Konrad and Joseph, the partnership is a necessary one as it is essential for the progress of the project.
Also, about their choice of selection, Konrad noted that there are existing projects that are very appealing not only to the team but also the end users within the space. As a result, their selection was rather based on “attention.”
“For us, what guided our decision, was where will the attention be? And where can we bring people in and onboard them in a compelling way into an immersive world where everything they do is connected to fun and not just a real life scenario on a digital level, but something that they can enjoy to spend their time,”
On the other hand, each of the partners have their respective roles to play. For instance, LandVault prides itself as the backbone of the Metaverse, and they are prominent for building and monetizing related projects. In this case, LandVault will collaborate with Property’s development team.
Technically, as a metaverse real estate development company, Landvault will assist Property’s in developing its own custom virtual world, however, that will come after the NFT collectibles, as earlier explained, have been minted.
Sandbox, on the other hand, is a virtual metaverse where players can play, bild, own, and monetize their virtual experience. As such, Property’s, according to Joseph, has secured enough land on which LandVault will be building everything that needs to be built. In other words, while Sandbox provides land, LandVault is responsible for building.
“LandVault's gonna help us start building one week after mint and we're planning on doing live streams where people can see the developers as they build. People can also spend some time walking around the environment as well to kind of give an idea to our community members about what they can expect as well,”
While Sandbox seems to be the ideal metaverse to partner with mostly because of its popularity among top players in the industry, Joseph claimed that there might be partnerships with other similar projects in the future.
The third partnership established by Property’s is with MetaMundo, a metaverse project that houses 3D NFTs, “from architecture to vehicles, and everything in-between.”
In addition, MetaMundo also ensures interoperability between metaverses. For instance, after building in Sandbox, MetaMundo makes it virtually possible to move the building between different metaverses.
“So every metaverse that can host buildings in 3d design; we will be able to transport our buildings right away and have them integrate it into all of those platforms much easier and much more efficiently than before. That's why we close those partnerships. It's really for us to ensure that whatever the future may be, we are at least prepared and can accommodate that much more flexibly than would be the case if we wouldn't deal with those partnerships,”
More so, Konrad claimed that Property’s was part of an investment round that saw MetaMundo close a fund of about $2.7 million, which positioned them for future collaboration.
On The Flipside
- Property’s is yet to develop its own native metaverse, which could make the onboarding process really slow at the onset.
- Considering Property’s partnership with other projects, end-users may have to pay more to own an already developed building than when they self-execute.
Why You Should Care?
Property’s is on a mission to bridge the gap between NFTs and metaverses, and unless you’re a seasoned professional, this may be the most logical way to navigate the virtual world, especially if you’re a newbie.