With hundreds of new projects popping up every day, the NFT space and metaverse are rapidly changing. Some projects only help people to create NFT art or other collectibles. The metaverse projects on the other side are creating a virtual space to host NFT projects.

The onboarding process for NFT projects is not the same as the one used in this case. What is more, how does a NFT-holder regular (for instance someone who has an avatar project) locate a metaverse home for a collectible in the metaverse?

It is possible that this process may be confusing to people who do not have experience with blockchain technology or software development. 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.

An article explaining the process has been published previously. Click here for more information. Partnership is an essential part of the project’s success.

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. Konrad Joseph said that this partnership was necessary in order to move the project forward.

Konrad said that the selection was based on the availability of projects which are attractive not only for the team but also to end users. 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,”
Konrad explained.

Each partner has their own roles. LandVault, for instance, is known as the Metaverse’s backbone and is a leader in building and monetizing similar 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 is an alternative virtual world where users can play, bild and own their experiences, as well as monetize them. As such, Property’s, according to Joseph, has secured enough land on which LandVault will be building everything that needs to be built. Sandbox is the one who provides land; LandVault builds.

“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,”
Joseph noted.

Joseph suggested that Sandbox might not be the right metaverse to work with due to its popularity with top industry players. However, Joseph said there may be opportunities for partnerships with similar projects.

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.”

MetaMundo also allows for interoperability among metaverses. MetaMundo, for example, makes it possible to transfer a building from one metaverse to another after it has been built in Sandbox.

“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. We have therefore closed 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,”
Konrad explained.

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.

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.

What Are You Responsible For?

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.

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