Tezotops simplify DeFi Yield Farming and turn it into a long term and strategic game with potential to provide entertainment and stimulation which is based on battle hardened economics and finance principles. Tezotops are the land, or real estate if you will, of Tezotopia
How much are they worth? We have no idea. After "playing" Tezotopia for a few days we do have some observations we can share.
Some prior works:
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First, let's take a swing at this whole "metaverse" thing, or it's buddy Web3, or both. The way we see it there exists the Attention Economy. We don't know how much it is worth precisely. We can however look at the market caps of Google, Facebook, Disney, Twitter, Apple, Amazon and others and understand the Attention Economy is worth a lot. We can also say, for the time being, no amount of new tech changes the fact that you must capture a human's attention to sell something. Social Media blasted certain dopamine and serotonin receptors to drive certain behaviors while locking in the attention of the users. Centralized corporations make piles of cash, and the users don't get squat aside from "likes" and "retweets". In Web3, the users earn and a decentralized system provides the infrastructure. Fair enough?
Tezotops
Tezotops are blocks of land with different characteristics. The resources listed below are the primary drivers of Tezotop valuations.
UNO = Unobtanium
ENR = Energy
MIN = Minerals
MCH = Machinery
A Tezotop can also have Artifacts and Collectibles along with a maximum of three buildings. There are a variety of Buildings that enhance value through resources, military power, or otherwise. Much needs to be learned about Buildings moving forward.
Why Would Tezotops Be Worth Anything?
The DeFi Yield Farming income generated by the land is only worth something if there is liquidity and utility for the economic units being rewarded. UNO, ENR, MIN, and MCH have some level of liquidity via Quipiswap, and all can be easily converted to XTZ. So, your liquidity is what is provided via Quipiswap presently. Will other providers step in? Of course they will if Tezotopia is successful. Time will tell.
The Tezotops themselves are also liquid within the game's Marketplace, and they can certainly appreciate or depreciate in value. One can fairly easily track how much one's Tezotops are generating in yield on a daily, weekly, monthly basis by simply tracking the activity in Temple from your Claim button actions. Fool around and see if you can confidently project an annual yield from these using the cost basis of what you paid for them.
In terms of the value of the land itself, the highest price listed currently is 1 Million XTZ. At the moment of publication, there were only 15 Tezotops listed with a UNO factor of 9X or 10X. These are precious because they give the owner the fastest rates for UNO generation. There are only 197 chunks of land currently listed with even any amount of UNO production (meaning 1X or higher).
UNO could be a wild card here. Here's what the specs from GIF say. UNO is the rarest of all and only 333,333 will ever exist. UNO is deflationary and 0.25 UNO is burned each time a new block is minted on Tezotopia. We are seeing via other research as well that UNO will have value and utility across all GIF Games efforts and platforms or games. This is interesting.
Network Effects
If nobody participates in Tezotopia then none of this will make that much of an impact. Network effects bring in a ton more economic activity from the old world into this Web3 stuff. Perhaps a good sign on this front is the recent news about the "Virtual Las Vegas" being built into Tezotopia. Things like this and the activation of live battles will add a lot more activity and buzz to the community. Many titans in the gaming industry took advantage of competitive juices and even the desire to destruct things, so building military assets to win financial reward could be a very big hit.
The approach from the game orients on Landlords and Warlords. Maybe you are one or the other or both. Early adopters could reap big rewards. To get the masses into it, it probably comes down to if they would rather spend more or less time in Tezotopia vis a vis Facebook and Instagram. Don't underestimate the human desire to earn.
Tezotopia could be an interesting way to add juice to a long term bet on
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