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.
- Land value and NFT price are linked, but may not always move at the same rate.
- Unlike utility tokens, land-backed NFTs are tied to a real-world asset. Volatility in the broader crypto market may affect trading activity, but the underlying land value provides a price floor.
Nice! It's now a plain ground assessment, NFT is probably not going to floor after being mint because if the land provides floor price it means the asset and NFT are definitely going to keep being stable or even when volatile but not to crash down way too much that investors are going to panic. this was my most important thing to be clarified and now I'm rest assured that buying a tokenized portion of land from LandDao I going to be a valid investment.
Having known this, I'm poised to ask how much more countries are LandDao will to expand to because some of ones desired country of investment is not on the list of countries where they are going to be practical land selling so will there be more expansion or it's just limited to certain countries which aspects the terms or provides a poxy land acquisition.