PRESS RELEASE

LandTrust is Launching NFTs that might change the course of the Metaverse Real Estate market as we know it

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Apr 29, 2022

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LandTrust is an automated platform that connects digital property managers with people wanting to invest in metaverse lands. Property managers are able to set up vaults with predetermined, smart contract-based execution strategy. Some vaults will just flip, other vaults will buy lands to rent them out and some might have internal DAOs to build experiences. The project is targeting over 20 metaverses to acquire lands.

As we all know, we’re in the early stages of the ever-developing metaverse world. As a result, the metaverse land prices have increased dramatically, making it hard for most people to afford it. Moreover, maximizing the income from these lands is often tricky, requiring time, energy, and a particular type of competence. 

That’s where LandTrust comes in with their NFTs to make it all available for everyone through land fractionalization. LandTrust is planning to do this by selling NFTs backed by metaverse land and managed by real estate/property management experts, such as Diamond Lands. So when you purchase the NFT, a fraction of the land comes with it.

The NFT itself will be launched on April 29. There will be Vaults, each issuing its own NFTs. After they are sold out, the Vault will automatically execute a predetermined strategy:

  • Buy preselected metaverse lands through bids
  • Rent out, manage or resell it (depending on the Vault type and its encoded strategy).
  • Distribute proceeds to NFT holders 
  • Auction it off with a reserve price if the land is not sold during the 24 months.

The first NFTs will be backed by Sandbox land. However, various other metaverse land Vaults will be added soon.

For now, 20+ metaverses are considered, which you can see in their litepaper.

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PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

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