Metamall — The future of retail
Source: Metamall Website
According to a recent report, 2022 is poised to be the year of the metaverse, and we don’t think that anybody is actually surprised by this. Everybody wants a slice of the metaverse pie and Metamall seems to have entered the market at the right time. Calling themselves ‘the decentralized metaverse mall’, Metamall will provide a first-of-its-kind Virtual Reality (VR) experience on the blockchain, allowing us to build, explore, and trade in our very own virtual mall.
Like it or not, all of us shop — some for fun, some because we have to. Bring that experience into the metaverse, and you might not want to go back to regular retail shopping any more. The possibilities are endless in Metamall as we are not bound by physical or space constraints. Metamall is where you can shop, be entertained, engage with your contacts and advertise your products and services.
To enter Metamall, you will need a character or an avatar which will be in the form of an NFT. The unique NFT characters will facilitate immersive interaction and an identity in the metaverse. NFT characters are customizable and can be produced and traded within the platform. There will also be different special feature options available in case you want to stand out from the crowd.
There will be an integrated Metamall NFT marketplace, which is where you’ll need to be in order to trade NFTs created or used in the Metamall metaverse. The marketplace will have different capabilities, such as auction listings, trading history, sale notification, governance mechanisms, and more.
Metamall will take on a spaceship design, with different zones — each facilitating a unique kind of experience. The spaceship structure allows for a zero gravity environment, allowing changing views of different parts of the metaverse on a regular basis. There will be zones designated for shopping, business, gaming, and lifestyle. All real estate/land in Metamall will be in the form of NFTs, so they can be easily traded with absolute ownership on the blockchain.
Source: Metamall Website
If you are interested in real estate in Metamall, there are a total of 5,714 plots of land available, split into 5 different sizes: Cube, Cabin, Club, Chalet and Chateau. The size, quantities and prices can be found in the table above.
The $MALL token is the native and governance token for Metamall and is used to facilitate all transactions that take place here. It is used for network fees, as payment for all transactions including special events and land purchase, rewards and prizes for Metamallers, and fees for access and listings in the Metamall metaverse.
Metamall will be built on the Solana network and it was selected as it could facilitate scalability, fast transaction settlement and low transaction fees. According to their road map, their public sale and DEX listing is expected in Q1 2022, with the first real estate sale going live also in the same quarter.