LandVault’s new protocol mints metaverse builds and experiences as NFTs 

Quick Take

  • Matera will tokenize metaverse builds and turn them into a new asset class.
  • Contributors receive tokens proportional to their input during the creation of an experience.

Metaverse builders LandVault plan to monetize metaverse experiences by minting them as NFTs.

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.

"Matera opens a completely new market for creators and investors to participate in,” said Sam Huber, CEO of LandVault. 

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.

Matera will also put an experience's governance on-chain. Contributors will receive tokens proportional to their input during the creation of an experience. Token holders can also vote on proposals that affect the project development and decide how to utilize the funds stored in the projec