Above is the proud picture of when my wife and I bought our first home in Irvine, CA.

Like many of you, we had two primary reasons for buying a home instead of renting:

At Metablox, it is important that we build value in the Metaverse that parallels the value for owning real estate in the real world.

These parallels are captured in our two mission statements:

Preserving memories is the utility of our NFT. Just how living in the home you bought is the utility, owning an NFT on Metablox enables you to preserve your memories forever on the Blockchain.

Today, my goal is to demonstrate how our meticulously designed game mechanics and Tokenomics (designed by world-renowned Gamification designer Yu-kai Chou), will achieve asset appreciation for our users.

First and foremost, I want to make it very clear that we are not a game. Decentraland, Upland, Earth2 are building amazing virtual real estate games— we are not competing against them.

While games such as Axie Infinity are described as play-to-earn, Metablox is more about live-to-earn (or more accurately, remember-to-earn).

Games such as Axie Infinity and Decentraland create mechanics and hooks that draw their users deeper and deeper into their game on a daily basis. The more time that a user plays and grinds in the game, the more that they level up and the more money that they can make.

In contrast, we want you to spend more time making real life memories (which means more time living in the real world and less time in Metablox). I know, it seems counterintuitive, but we’re fully committed to this as one of our core values.

In order to appreciate the value of your NFT in Metablox, you need to add your most meaningful Memories.

The first asset that you can own in Metablox that appreciates in value is the NFT (which we will call a Blox moving forward in this blog post).

There are several ways that a Blox can appreciate in value:

The higher the level of your Blox, the more MetaRent that you can earn. MetaRent is the in-game currency of MetaBlox that can be used for a myriad of actions, the most valuable of which is to bid for Landmarks.

A Blox can be leveled up 25 times. Once a Blox is successfully leveled up 25 times, it becomes a Perfect Blox (it can no longer be leveled up). If you collect 5 Perfect Blox, then you can fuse them together to create a MechaBlox (more on this below).

Because our mission is to create generational value through meaningful memories (for our grandchildren and beyond), the leveling up system is designed to take years of carefully curated, meaningful memories to achieve a Perfect Blox.

Ok, here is where we get to the meat-and-potatoes of this blog post.

We are announcing the Metablox ERC-20 Token — Metablox Coin.

We are creating 3 asset-classes in Metablox, each with its own value and purpose:

The purpose of Metablox Coin is to return incredible value to our users.

There are three main ways to Mine Metablox Coin:

Owning Metablox Coin gives you governance power. Owners will be able to vote for the following:

When a Blox is transacted (a user sells their Blox to another user), Metablox takes a small commission.

A % of this commission will be returned back to Metablox Coin holders as dividends. This gives users added value for HODLing Metablox Coin.

We are actively working on updating our White Paper with more detailed Patch Notes about Metablox Coin and our Tokenomics.

If you have any questions, the best place to reach out to us is on our Discord.