Land NFTs

Land NFTs enable gamers to build and create their virtual worlds, while also offering crypto investors a way to invest in virtual land. The value of a planet's governance NFTs and land NFTs will be highly interconnected in determining the value of their planet. Therefore there will be a natural desire to optimize value of both and where each can be held by different holders.

A critical decision for governance NFT holders will be the location of the first settlement on their planet. The beauty of CollectiVerse is that no boundaries, countries, or cities exist yet. This will be determined by each planet's governance NFT holders. For example, holders of Earth can decide to locate their initial settlement anywhere on Earth - by the ocean, in the mountains, wherever. This will be a collective decision, and will be good practice for when we start settling real-world planets like Mars.

Once this decision is voted on, CollectiVerse will assign land NFTs a latitude and longitude within the selected area. The NFTs will be randomly assigned during the claim process to governance NFT holders that terraformed. Who gets land located on the coast or with the most fertile land to farm will be randomized so it's fair to all holders.

Governance NFT holders will be able to vote on locations of new settlements on their planet. Also if they want to sell more governance NFTs (that also require terraforming) of their planet to raise capital. If this is decided, CollectiVerse will fractionalize additional governance NFTs and make them available for sale where 90% will be sold and 10% will be held in the CollectiVerse treasury.

These decisions need to be made carefully as selling additional NFTs brings in more funds for the planet, but also dilutes voting and ownership. Revenue from additional land NFT sales will be split 50% to your planet's rewards pool, 45% to the treasury, 3% to $ROCKET holders (yield), and 2% to buyback $VERSE.

Governance NFT holders for a planet will have other decisions such as:

• What industry the planet should focus on

• Managing supply of the planet's token (if holders choose to increase money supply, they must send funds to the CollectiVerse treasury so we can issue enough new $ROCKET to support the prevailing price.

• Decisions on sales tax, rewards rate, etc.

• What other planets they want to trade or partner with

Land NFT holders will have their own decisions: how they want to improve their land, what investments to make, and what goods and services to buy.