Unbounded.Earth is a community-driven metaverse project built on the Cardano Blockchain. They aim to create a fully customizable landscape where users can deploy assets like in-game items, buildings, games, and other things that holders imagine and suggest implementing.
The project’s founder and CEO are known as Shane. He has more than four years of experience in programming and development. Tony, the co-founder, is responsible for business operations. The lead developer is Ryan, the community administrator is Xeperu, and the brand and marketing strategist is Bekah.
The first mint phase was done on 16th December 2021 for the price of 37 ADA each, limited to a maximum of 30 NFTs per wallet.
Their roadmap extends into late 2022 and is basic, with no detailed breakdowns.
Land Plots
There are 39,000 land plots currently minted that differ by many parameters such as their trait count, location, and year’s season. However, this was only the first stage of the mint process, with additional phases coming in early Q3 (31,000 NFTs) and late Q3 (30,000 NFTs) for a total of 100,000 land plots.
The first mint phase was done on 16th December 2021 for the price of 37 ADA each, limited to a maximum of 30 NFTs per wallet.
There was an additional option of minting a 3×3 bundle (9 land plots close together on the map) for 333 ADA. There were 1000 of these bundles, limited to 3 transactions per wallet.
The map is currently under development, and more will be posted in future updates. Once live, it will be organized by seasons with the following layout:
- Winter – Top right quarter of the map
- Summer – Bottom right quarter of the map
- Spring – Bottom left quarter of the map
- Autumn – Top left quarter of the map
The Central Hub will reside at the coordinates (0,0). You can view the entire map on their website.
The holder count is a bit unhealthy compared to other metaverse land projects, as the 39,000 land plots are only 4,600 unique holders in the hands-on. There are no massive whales, however, with only 24 wallets holding more than 100 NFTs. The floor is currently below mint, sitting at 19 ADA.
Token
The project’s utility token, $EARTH, will be used across the Unbounded.Earth ecosystem. This includes in-game transactions, use cases for future governance, and investor rewards. There will be a total supply of 3,316,000,000 $EARTH tokens. This number was determined by adding the birth years of Ada Lovelace (1815) and Gerolamo Cardano (1501).
Below you can see the distribution of the $ EARTH’s supply:
Staking is currently live. They run their pool on Cardano, where stakers can choose the amount of $ADA they want to pledge, which determines the amount of $EARTH they get. There are three tiers:
- Low stake (1,000 ADA) that yields 500 $EARTH tokens per epoch
- Medium stake (25,000 ADA) that yields 12,500 $EARTH tokens per epoch
- Large stake (100,000 ADA) that yields 50,000 $EARTH tokens per epoch
Naturally, this $EARTH/ADA ratio will be adjusted as the stake pool size changes.
Closing Thoughts
It was cheap. This is probably the project with the lowest barrier to entry out of all I’ve come across. You can get your piece of land for $10. On Ethereum, just a transaction fee would cost you that much. This project is the definition of “affordable.”
Now, yes, the team is anonymous, but they are actively building. So far, the community has received little to no complaints, and they have executed the roadmap with seemingly no delays.
These little projects can blow up anytime. Even with these smaller metaverses not achieving wider mainstream adoption, something like a 10x on your money is on the table since it is not hard for such an asset to get swept off its floor one day.
This project feels like its progress is based on community feedback and that holders have real power in shaping its future.
