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SuperWorld metaverse guide
Buy NFT properties and monuments that are mapped to the real world.
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A metaverse is a virtual environment. It can be an entirely fictional world or — in SuperWorld’s case — mapped to the real world. SuperWorld is built on blockchain technology, and has a host of owners that manage it.
SuperWorld aims to take a different approach in creating a metaverse compared to applications like The Sandbox or Decentraland — both of which are fictional environments. In SuperWorld, you can buy nonfungible tokens (NFTs) that represent real-life locations and monuments, such as the Taj Mahal, the Eiffel Tower or even the Great Pyramids of Giza.
Of course, you wouldn’t actually own these monuments. So, what’s the point?
We’re breaking down the earning potential, the inner workings and the “why” behind the SuperWorld metaverse.
Highlights:
- Metaverse mapped to the real world
- Built on Ethereum
- Mobile app on Apple and Android
- Set your own royalty percentage on minted NFTs
- AR capabilities
- Lacking incentives to purchase virtual real estate
What is the SuperWorld metaverse?
The SuperWorld metaverse is built on the Ethereum blockchain and is a decentralized application that lets users buy and sell NFTs mapped to the real world. Players can display advertisements, 3D objects, videos, audio and other digital bits on their owned properties for other users to see in augmented reality (AR).
There are over 64 billion unique properties to buy and sell in this metaverse. Each plot of land measures 100m X 100m (about two acres), and each plot of never-been-sold land is listed at a starting price of 0.1 ETH, the equivalent of $293.49 at the time of writing.
Launched in 2017, SuperWorld was founded by Hrish Lotlikar and Max Woon. Lotlikar is also the co-founder of Rogue Initiative Studios, a game development studio, and Woon has founded two other gaming applications. We’re glad to see co-founders with actual tech and gaming experience behind SuperWorld.
Playing SuperWorld
To experience all that SuperWorld metaverse has to offer, you need an Etheruem wallet, ether (ETH), a crypto wallet and a SuperWorld account.
To create an account, create a username and password combination and enter your email. From there, you can connect your crypto wallet to start buying and selling digital assets on the platform.
There’s no overall “objective” in this metaverse, similar to Decentraland or The Sandbox. It’s more about exploring, collecting assets, community engagement and obtaining properties to display your assets. There are some play-to-earn tactics as well.
Plus, users can add digital content on the properties they own, and see it on the SuperWorld mobile app set in AR View.
AR assets are visible on a browser, but you’re limited to seeing AR content videos users take and post on the platform. For an actual AR experience, we recommend using the SuperWorld app on a mobile device.
Image source: SuperWorld on AR view with browser
You can explore the SuperWorld metaverse without an account or wallet on your browser, or with an Apple or Android device with the free mobile app.
Image source: SuperWorld
SuperWorld metaverse properties
There are over 64 billion properties in SuperWorld — all ERC-721 tokens with unique data, each identifiable by its latitude and longitude.
Select Virtual Real Estate to view properties for sale on the main navigation bar, then choose Explore Properties. You’re then redirected to a map where you look for properties anywhere on the planet. Or, select Marketplace on the top-right to view properties for sale instead of manually exploring the world map.
Users can buy and sell real estate on their mobile devices using the Chrome app.
Image source: SuperWorld
Properties that have never been sold are listed for 0.1 ETH, around $300. Prices for listed properties are extremely varied. We saw plots for sale from around $300 (0.1 ETH) to over $8 million (3,000 ETH).
A plot of land’s value depends on its price corresponding to the real world. For example, the plot that has the Empire State Building likely costs far more than an empty plot in a rural state.
Image source: SuperWorld
SuperWorld metaverse NFT marketplace
SuperWorld’s NFT marketplace is called the NFT Salon. There are five categories: image, GIF, video, audio and AR. The supported wallets include:
- MetaMask
- Portis
- Coinbase
- Fortmatic (desktop)
SuperWorld allows users to mint NFTs. Simply select the Create tab in My Studio, upload your file, then hit Mint. You can set a royalty percentage as well.
Once the file is minted, you can list it for sale at auction or at a fixed price. SuperWorld takes 5% off each transaction made on the marketplace.
Creator royalties in SuperWorld range from 1% to 100% — yes, up to 100%. For comparison, OpenSea only gives creators the ability to set a royalty percentage between 1% to 10%. However, it’s typically recommended that creators set the royalty percentage between 10% to 30% so that potential buyers see resale value in the NFTs.
SuperWorld also supports lazy minting. Lazy minting is when a user lists an NFT for sale off-chain. Once the lazy NFT is sold, the gas fee is paid and officially placed on the blockchain. This is also called gasless minting, and there aren’t many NFT marketplaces offering this option.
How to buy SuperWorld NFTs
To purchase NFTs, you need an account, wallet and ETH. Login to your SuperWorld account, select NFT on the main navigation bar, and then select NFT Marketplace from the dropdown menu. Sort NFT listings by genre, status (auction or fixed price), or search for a specific asset using the search bar.
Once you find an NFT you want to buy, select it and move forward with the purchase.
Compatible exchange: Gemini Cryptocurrency Exchange
$0
Minimum Deposit
Minimum Deposit
102
Cryptocurrencies
Cryptocurrencies
7
Fiat Currencies
Fiat Currencies
- Wide range of exchangeable currencies
- User friendly
- Newcomer incentives
- Insurance on currency balances up to $250k
- Balances can earn interest
- High fees on mobile app
- Missing some notable top 20 currencies
- No linked debit cards available
Gemini is a cryptocurrency exchange with a simple UI that's user-friendly and accommodating to newcomers and experienced traders.
Gemini's strongest point is its Gemini Earn program, which allows users to earn up to 7.4% interest on specified cryptocurrency balances.
Gemini has a wide selection of cryptos available for exchange on the platform. However, some notable entries from the top 20 by market cap are missing, such as Cardano and Solana.
| Deposit Methods | Bank transfer (ACH) Cryptocurrency Debit card PayPal Apple Pay Google Pay SWIFT |
|---|---|
| Deposit Fees | Cryptocurrency: None Bank transfer (ACH): None, bank fees may apply Wire Transfer: Determined by your bank Debit Card: 3.49% + Trading Fees Paypal: 2.50% of total deposit amount + Trading Fees |
| Withdrawal Fees | Cryptocurrency: None (for 10 withdrawals and below per month) Others: None (for 10 withdrawals and below per month) |
| Trading Fees | ≤ $10.00: $0.99 > $10.00 but ≤ $25.00: $1.49 > $25.00 but ≤ $50.00: $1.99 > $50.00 but ≤ $200.00: $2.99 > $200.00: 1.49% of your Web Order value |
How to sell SuperWorld NFTs
Login to your SuperWorld account, then select Sell in My Studio. Choose the NFT you want to sell and choose List. Enter the details of the NFT, choose a sale method (auction or fixed price) and confirm the transaction.
To list a virtual property, you need to enter the latitude and longitude of the plot.
Compare other marketplaces to buy NFTs
Ways to earn in the SuperWorld metaverse
SuperWorld has a few earning tactics:
- Flipping properties. Since all unsold properties are listed for 0.1 ETH, you may be able to wrangle up valuable properties for cheap and then sell them later on. However, like any other NFT, there’s no guarantee that it’ll appreciate in value.
- Creating NFTs. If you’re an artist, mint your own NFTs (image, GIF, video, audio and AR) to sell on the marketplace and set your royalty percentage up to 100%.
- Advertising. Got a small business? Large business? SuperWorld states that users can buy property and place digital advertisements on that plot for other users to see.
SuperWorld states that users will eventually be able to have e-commerce on their owned properties, but we haven’t seen that in action.
SuperWorld roadmap
There aren’t many working updates in SuperWorld at the time of writing. Current updates planned include:
- In-game digital asset promotions.
- 3D metaverse map.
- Virtual real estate heatmaps.
- NFT Salon redesign.
- Curated content feed on mobile app.
- Embedded links in AR NFTs.
Bottom line
Overall, the SuperWorld metaverse doesn’t have too much going for it right now.
There are slightly more than 3,000 users that own a plot of land, and the most expensive plot was sold for just under $600 in April, as reported by NFT Stats. And there haven’t been any SuperWorld plots sold in the last 15 days, at the time of writing, which doesn’t bode well.
One of the only advantages of playing SuperWorld over other metaverse games like Upland, The Sandbox and Decentraland is the ability to set your own royalty percentage — 1% to 100% — on newly-minted NFTs.
Other than that, there isn’t much incentive to buy land — sure, you can display AR objects or advertise, but other than the cool factor, there isn’t a real desire to collect these plots.
The SuperWorld metaverse is free to explore and has a mobile app, but users may need more than free apps to engage.
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