There is an exciting update to share on Tenset’s development front, with the announcement that Tenset is spearheading the technical development of an ambitious new project, Nativ Metaverse! They are leveraging Tenset’s engineering expertise so that they can instead focus their time on perfecting their product and delivering a transformative ecosystem.

This technical work includes the development of their sophisticated smart contracts, the design of their front-end user interfaces, and the robustness of the project’s back-end engineering. With Tenset’s all-encompassing approach, it ensures a harmonious synergy between the various project elements and a resilient underlying infrastructure.

Nativ is a pioneering metaverse ecosystem that combines a virtual Earth environment with a simplified investment platform and thriving economy. It offers users the opportunity to own their favourite places in the world and build a crypto portfolio and potential wealth in the process.

This unique metaverse environment mirrors a real-world setting. It is an economy-driven project where land, real estate and NFTs have real utility, and Nativ allows you to passively get new tokens that can be used in the real world. The economy is being designed to grow organically as more users interact with it, as there is a finite amount of land available.

NTV is the native token of their ecosystem, which will be deflationary. Each transaction made on the marketplace will be subject to Nativ duty to benefit current users. A 3% fee is placed on token sales - 1% shared to landowners monthly, 1% burned for deflation, 1% reinvested into ecosystem. Land and NFT sales have a 5% fee - 2% shared to landowners monthly, 2% burned for deflation, 1% reinvested into ecosystem.

Governance will be a key feature of the ecosystem, with a vision to become truly decentralised. They will employ a unique governance system that will leverage a leaderboard to grant power to the most engaged users. Many factors will be included in the algorithm to determine leadership positions, such as number of Nativ tokens held, amount, location and type of land owned, number of NFTs held, and social/community accomplishments on the platform and much more.

You can expect more details of this exciting collaboration between Tenset and Nativ to be shared in the future as it progresses.

To find out more information about Nativ and follow their journey, you can find their official channels below:

Website: https://nativmetaverse.com/

Twitter: https://x.com/NativMetaverse

Discord: https://discord.com/invite/neFb4KeYy3

Telegram: https://t.me/metaverse_nativs

Whitepaper: https://nativmetaverse.com/wp-content/uploads/2024/07/Nativ-Whitepaper.pdf