The Matera Protocol will tokenize metaverse builds — think virtual shops or stadiums — which will make it easier for creators to monetize their projects.
Contributors receive tokens proportional to their input during the creation of an experience.Its new decentralized protocol, Matera will put metaverse builds — think virtual shops or stadiums — on-chain and offer creators new options for revenue, payment and governance.
While many metaverse platforms like Decentraland and The Sandbox are on-chain and their virtual land is represented by NFTs, the actual experiences built on that land aren't. Not only does this make it harder for creators to easily cash out from a build, LandVault argues, but it doesn't allow retail investors to participate in the growth of the metaverse economy.
Payments earned from users in an experience will be paid into a project treasury and can be reinvested or shared among stakeholders. The cost of land on popular platforms, for example, has been criticized for excluding would-be builders. Virtual land can cost thousands of dollars on blockchain platforms.
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