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Spaces

A space represents an area of rxelms that can be owned, managed and customised. All spaces will be minted as non-fungible-tokens (NFTs). All spaces will be the same dimensions and follow the same rules/limitations in terms of what can be created inside them by the space owner. Each space will be assigned to a building inside a rxelm, similar to how you would have multiple apartments inside a building.

NFT based virtual world

Every object inside rxelms is an NFT, from a chair to a full scale interactive lighting rig. The only comparison to the potential scale of the size of this new economy is the actual physical world.

Create

Demand for the creation of NFT assets inside rxelms will grow as rxelms grows, forming a thriving creator economy. If you have the skills to create 3D objects or develop code for interactive assets then you might want to be part of this emerging economy.

Everyone's welcome

Whether you're a gamer, an architect, a musician, a manager, an artist, a dreamer, a teacher, an entrepreneur, a public speaker, a DJ, a developer, the list is endless; Then you're welcome here

NIKO

NIKO means ‘victory for the people’, it is the in-game currency for rxelms. Our marketplace will be a NIKO only marketplace and used to trade multiple assets classes, some examples of the asset classes you will see being traded are spaces, apparel items/traits for avatars, 3D assets/objects, weapons, usernames (NFDs) and NPCs. All of these assets will be minted as NFTs on the Algorand blockchain.

NFTs Only

Only allowing NFT based assets to enter rxelms may be the start of a thriving creator economy.

By not letting non-NFT assets into the ecosystem, we think the demand for the creation of NFT assets will be high and continue to grow as we bring in more people to the ecosystem. People won’t be able to use ‘counterfeit’ assets in rxelms. Every asset you will see in the builder/spaces system will be NFT based. We’ll be using NIKO to kick start the creator economy.

Commercial Enterprises

People and organisations will eventually have the option to have a business inside a rxelm.

It could be things like a retail outlet, bar, restaurant or even things like a music festival. We’ll provide templates so that anyone wanting to sell a product in rxelms can set up an outlet for this to happen. Project leads that have been assigned a rxelm will be able to add their own businesses to their rxelm with little oversight but for community members that have not been assigned a rxelm, things will work a little differently.

UUBI

All voting property owners will receive a weekly amount of NIKO automatically sent to their wallet.

Unconditional Universal Basic Income is something we will introduce shortly after the first sale of spaces. Initially, it will just be a matter of holding the property in your wallet, but eventually, it will require the owners to vote.