ULAND’s Land Asset NFT’s have been devised with real, economic utility and benefit. Unlike traditional uses for NFTs in the digital artwork space, ULAND’s NFT’s are real geographic economic location-based assets you can own; such as countries, states, cities, oil rigs, airports….. even the Eiffel Tower, someday!
All geographic locations are based on the real world and are verifiable with ownership receipts issued as an BEP-721 NFT. Initially, we will release countries, states / provinces (depending on the country) and cities. Once supply has been exhausted further locations will be released such as iconic landmarks, historic sites, national parks etc. NFT’s sit within a hierarchical order. Countries at the top, then state / province, cities and finally future asset types (such as Landmarks, Regions, Oil Rigs, Hotels, Ports, Casinos.. perhaps even beaches!). Later down the track, we want to introduce citizens to ULAND through the purchase of NFT Passports.
Each country’s hierarchy will be based on its real-world counterpart. For instance: The USA will have a deeper hierarchy as they are a much larger country compared to the Vatican City which would only be two to three levels deep
Each NFT purchase will earn you rewards based on where your Land Asset sits within the hierarchical order. The higher up you sit the more rewards you earn! Some countries will be valued higher than others, because of their future potential earnings based on the potential number of NFT’s that can be minted underneath them.
