Ekta’s goal has always been to create a better world. So we ask ourselves why humanity impacted the natural world in such a destructive and devasting way. To initiate change, we need to identify the root of the problem. We realized that to understand the phenomenon, we had to look at the situation with both scrutiny and empathy. This approach led us to a deeper understanding and new perspective on how blockchain can change our world for the better.
When people profit from deforestation, they will undoubtedly choose to sacrifice forests and natural resources for monetary units. Profit-seeking is the essence of commercial society. Throughout history, people have placed value on commodities that are inessential to human survival such as oil, gold and diamonds, while sacrificing the natural resources we depend on like forests, oceans, and grasslands. Today, people are acutely aware of the threat of climate change, yet even though many have begun to experience the consequences, they continue to destroy our natural world in order to obtain material wealth.
As the human population continues to grow, our natural resources are declining at an alarming rate. It's clear that we need to rethink and redesign our value system, which is why the Ekta team is looking to the blockchain for a solution.
The evolution of blockchain technology and its various functionalities (DeFi, NFT etc.), has created the opportunity for us to reinvent these value systems. With this in mind, Ekta ideated the concept of the EktaVerse.
MetaTrees, a blockchain game world that connects the virtual world with the real world, is the first sub-verse of the EktaVerse. With MetaTrees, Ekta aims to incentivise environmental protection through tokenization and gamification. By utilizing the play-to-earn model and transforming it into a PLANT-TO-EARN model, users can help protect the natural world and earn digital assets while playing.
Ekta's ecosystem, called EktaVerse, is yet another way through which Ekta bridges the physical world with the digital world. With the development of the EktaVerse, we’re able to provide out-of-the-box solutions to serve as a blueprint for companies who wish to partner with us. The EktaVerse also facilitates projects where Ekta, its partners, and users, can play an active role in creating profit with purpose.
MetaTrees, a magical forest reserve scene, is the first sub-verse of the EktaVerse and the first creation game. MetaTrees focuses on planting trees and protecting rainforests, allowing Ekta to spearhead and support reforestation projects in the real world. With MetaTrees, each player and community member will help to establish a new economic order where trees serve as the core asset.
As part of the EktaVerse, natural capital like trees, indigenous plants, wildlife, and water will be tokenized and represented as NFTs in the MetaTrees game world. We also plan to add a select few mythical creatures to enhance the gameplay and all NFTs will ultimately become rare digital collectibles. As with other play-to-earn games, players earn digital rewards and collectibles which they can convert or sell for fiat currencies. Through the plant-to-earn economic mechanism, players will be able to get blockchain asset value growth through planting and preserving trees in the real world. And by developing the EktaVerse on the EktaChain mainnet, we have also been able to greatly reduce the gas fees for all operations.
Every player and community member will be able to jointly build and develop this new micronation through the planting, renting and preservation of trees. Moreover, they will be able to earn rewards as well as hold, pledge, trade, and lend NFTs as well as EktaVerse and sub-verse governance tokens. As the game continues to grow, so will the value of these digital assets. The NFTs and governance tokens will also become an economic source that supports us in exploring a sustainable, long-term future.