The Terra ecosystem has experienced substantial growth in 2021, with December, in particular, being a fruitful month. While the crypto market suffered greatly in December owing to several reasons, the Terra ecosystem and LUNA and UST, in particular, grew from strength to strength.

With over $18 billion in total value locked (TVL), Terra is the second-largest decentralized finance (DeFi) ecosystem behind only Ethereum – this is a testament to the project's core values and applications. It is no wonder that I'm optimistic about Lunaverse, a metaverse built on the Terra blockchain. 

## What is Lunaverse?

Powered by Terra, Cesium and Aerometrex 3D models, Lunaverse is a digital world built on the Terra ecosystem. The Lunaverse economy starts with Lunaverse 1.0, which is based in San Francisco. 

The project is currently heading into the initial DEX offering (IDO) stage. At Lunaverse, you can own, develop, rent and sell buildings as NFTs. Building owners can determine whether they want to generate a solid annual percentage yield (APY) or sell/rent building levels. 

For example, if you own a building with 50 levels, you can receive an APY for the NFT building as a whole or derive an additional 50 NFTs by selling/renting out building-level NFTs. 

Jaw-dropping Aerometrex 3D imagery guarantees a visually appealing experience. NFT buildings will be released in stages and factors like traffic and location will increase the future demand for positioning of key gameplay locations, rewards, virtual business and advertising. 
  
A range of cities are on the cards for Lunaverse and gameplay may include secret scouting missions, special mining activities and travel adventures.

For more Metaverse news, see [here](/news/category/metaverse-news).


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