Going through the landDAO platform, I understand that landDAO helps people acquire virtual land and also sell their land.
I want to know if, in landDAO, only those who are financially stable can buy land or if they also help those with low income to buy land.
I also understand that multiple people can own the same land. Will sharing land involve people who are familiar with each other or people who are not familiar with each other, and does the platform help in managing the land for them?
No. Lands on LandDAO are real lands. LandDAO deals only with asset backed land NFTs. Each land NFT on LandDAO will represent a real standard size plot of land in a given NFT land collection.
All lands on LandDAO are backed by real-world asset. LandDAO is using NFTs to bring land on-chain"
Oh, never knew it would be backed by an NFT which means if the NFT if grows in price on the on-chain would also make the asset to increase in price when bought, like would the asset price be measured by the price of the NFT when bought or would it also remain the same while the NFT grows in the market which is a double profit for the buyer who bought the land on on-chain?
If yes, that means it's not just a mere investment or real world asset as other project that I have seen before, but however the uncertainty of volatile nature of tokens wouldn't that affect the investment ? because price of land could be growing in real life when the backed NFT price is decreasing! so how do you intend sorting out the differences.