Lux real estate nft solana

After the article was published, I received many inquiries from real estate investors, agents, homebuyers, venture capitalists and coders asking how they could get involved. I was convinced that consumers were ready for this innovation, just like they were ready to buy art on blockchain. So I decided that it was time to discover how to NFT a property.

We’ve been working on this for years but there were remaining challenges that we needed to solve:

  • Creating the actual NFT
  • Wrapping the NFT within the U.S. legal framework
  • Inventing the “know your customer” process since most art NFT transactions are anonymous

We solved the NFT creation issues by switching the property ownership from individual ownership to a US-based legal entity.

Lux real estate nft solana

Therefore, it acts as a key to access the virtual world of LUX.

Blockchain: Solana

Token: $LUX

NFT Marketplace: Magic Eden, FTX, Solanart

Supply: 10 billion $LUX tokens

Every token needs to have utilities, $LUX token has several of them:

The connection: Lux will make it easy to experience the virtues of the virtual world. Users can enjoy different social situations and cut yourself from the real world when it’s needed.
Lux makes it easy to participate in games or virtual meet-ups by joining through PC or VR. That way, users can hang out with their friends or family literally anywhere.

The avatar: People have a choice to design their own character according to their personal preferences.

Let’s explore each NFT Lands closely.1) The Sandbox NFT Land Project For Virtual Real Estate Investors

Sandbox is the Popular Real Estate NFT Gaming project that allows users to play online fun games, own virtual world assets, and monetize them as NFT.

Sandbox issues their native token called Sand to their users. In addition, Sand is an ERC – 20 utility token built on the Ethereum Blockchain to act as the basis for transactions and interactions.

Sandbox metaverse is the virtual world real estate that allows users to hold their digital land assets.

Players can buy and trade these digital assets for good profit returns.

Sandbox has seen massive growth in the NFT gaming marketplace in recent years, with3 million active users. Also, the platform is known as the second-largest NFT marketplace, with over $6 million in total sales.

Lux real estate nft solanaceae

Thankfully, the WiFi is working well, − which is always an unknown at a hotel. In one hour, an irrevocable auction online will start.
Truthfully, I have no idea what will happen.

It all started in April this year, when I wrote an article sharing the idea that real estate is the perfect asset to convert into a Non-Fungible Token (NFT). This led to a life-changing collaboration with other innovative individuals, united to build something transformative.

I argued at the time that the reason a real estate property was the perfect candidate for an NFT was that it already behaves likea digital assetin many ways.

Lux real estate nft solanacearum

Brad Garlinghouse, CEO of Ripple, speaking at the Milken Institute’s 2021 Global Conference, said that settlement on blockchain is applicable in many industries including real estate for “any transaction that requires someone to commute the trust between the transaction” [ participants].

People who will help consumers to NFT their homes could be entitled to royalty fees paid to their digital wallets automatically. These “NFT Miners” (similar to cryptocurrency miners) can receive small royalties for every future purchase as compensation for putting all of the data and the property to make it transferable (title report, inspection reports, disclosures ect).

Can the NFT revolutionize the real estate industry? I say absolutely! We are not just seeing interest rise amongst younger buyers and sellers and tech-savvy crypto enthusiasts who want to diversify their portfolios.

Users can create a custom character and interact with the various items in the room.

Overall, Portals features some of the best designs we’ve seen, speaking to the tremendous long-term potential of this project. Portal’s Downtown is coming later this month, making this project a must-watch in March 2022.

Portals feature a total volume of 197k SOL ($17.7 million), making this one of the most-traded NFT collections on Magic Eden.
The average sale price for an access pass is 56.98 SOL ($5.1k). While an access pass may seem expensive, it’s still half the price of a plot of land in Decentraland of The Sandbox.

#3 DeGods (56.9k SOL)

DeGods describes itself as a deflationary collection of degenerates, misfits, and punks.
DeGods features its DUST token, which powers the entire DeGods ecosystem.

Players need to buy Axie tokens to start the gameplay and stake their tokens to battle, breed, collect, raise, and build kingdoms.

Axieinfinity NFT Lands are valuable because players can use strategies to own, buy, sell or trade resources as an NFT in the Digital Marketplace and stabilize themselves with recurring income. This makes Axie Infinity one of the top NFT real estate projects.

Axieinfinity broader economy system serves players to participate globally and simultaneously earn in a playful fun way and gain high-worth monetary assets and money.

Follow Axie Infinity NFT On Twitter

4) Aavegotchi – NFT Land Project From The Gaming World

Aavegotchi is one of the top NFT real estate projects offering NFT Lands for the holders.

Doing so enabled us to simply transfer ownership of the entity via NFT, which automatically transferred ownership to the property. And, as an added benefit, because the entity held the property title, there was no need to record the title again in the county − saving significant time and money.

Then we developed a protocol that would transfer an asset from one wallet to another, collect personal names, and complete simple background checks − all of which ensured the transaction’s integrity.

Having all challenges resolved, we found the perfect property to NFT — a studio apartment, that was owned by a US-based legal entity.

It was also the first cryptocurrency property purchased via smart contracts in 2017. Purchased by Michael Arrington, founder of TechCrunch and Arrington Capital, the NFT included the apartment and a piece of art by a famous local street artist Chizz.

This was made possiblethanks to the San Remo luxury portal Luxforsale, which is directly handling the real estate transaction.

In this regard,Claudio Citzia, CEO and head founder of Luxforsale said:

“This is an absolute novelty on the Italian real estate scene, a pilot operation on which to shine the spotlight. The seller is a well-known director of the Italian advertising scene and with this operation he wants to definitively confirm the validity of blockchain technology, which is making its appearance also in the luxury real estate sector”.

Real Estate in Italy meets crypto, NFT and metaverse thanks to Luxforsale

The novel act of buying and selling cryptocurrencies givesthe real estate sector in Italy the chance to cross paths with crypto, NFTs and the metaverse.

  • Chillchat
  • Group tuskers
  • Bots life
  • Ballonsville
  • Blockstars
  • K-Labs
  • Banner Monkez #79
  • NFT scratch off
  • A portion of the famous assortment of Magic Eden in which the vast majority might want to contribute is:

    • DeFi Pirates
    • MonkeLabs
    • Entrances
    • Dronies
    • Sovana
    • Paradise Land
    • Senshi Samurai

    Wrapping it up

    With the current data in regards to Lux Real Estate and Magic Eden, we can say that it is a brilliant chance for financial backers.

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