Overview
As advanced as technology is nowadays, information on the real estate industry is either hard to find, might be outdated, or lacks transparency, making lots of people fall victim to scams and land disputes. Hence, Etherland, through seb3 and the internet of things, is enabling the registration of real estate information as NFTs on the blockchain, where it is decentralized and easily accessible to all at any time due to their tokenization. This will also allow easy peer-to-peer ownership transfer of your property in real life and the metaverse. This decentralized platform allows users to do all these while also playing the Etherland game on the platform.
The ELAND Etherland token is the official currency in the metaverse through which interactions occur on the Etherland metaverse platform. This cryptotoken is based on web3’s Ethereum’s ERC-20 blockchain protocol, and it allows players to play the game, buy lands with unique Land IDs in the form of NFTs due to their tokenization, and get paid for their contributions to the platform. Additionally, ELAND CryptoToken can be used to motivate real estate owners all over the world to convert their homes into carbon-free real estate. The token’s ability to grant access to Estapedia, a real estate wiki information platform, makes it more unique.
Play to earn
As an ELAND owner, you can be involved in a talent hunt where you can uncover LAND IDs near you. Any LAND ID you discover becomes your reward for completing a quest and is saved as your NFT, and due to their tokenization, you can trade them for money when you like. You also earn ELAND when you complete quests. With this mode of play, users can easily claim any part of the world virtually, allowing as many people as possible to own notable and famous monuments.
Once you own an NFT linked to a location, you can upload photos and videos of your choice to show the monument. The expert teams then check this content for verification.
Staking
Though information about mining the CryptoToken isn’t available, Staking your NFTs can make you earn the CryptoToken, ELAND. Also, staking ELAND can make you earn more rewards and other CryptoTokens.
Security
There are several wallets you can use to store your ELAND CryptoToken. These wallets can be grouped into Hot wallets, Cold wallets, Online wallets, and Software wallets. Exchange platforms offer hot wallets for people who want to trade tokens for other ones or fiat currency. They are short-term storage wallets just for the period of trade. Hot wallets have lesser security than others and are more prone to attacks, so it’s advisable to have other wallets.
