Citizenship is now available for sale as NFTs on the marketplace
With the rise in non-fungible tokens (NFTs) popularity, the space has seen the sale of some interesting things and shares on the blockchain. In February 2022, an artist blew up a Lamborghini Huracan and sold the charred remains as NFTs. British artist Damien Hirst burned hundreds of physical artworks after selling them as NFTs on the blockchain. Citizenship is now sold and traded as NFTs on marketplaces.
Buy your way to Satoshi Island
An ambitious development project plans to create a Satoshi Island that will turn an island in the South Pacific into a haven for crypto investors. This island is Lataro Island which is currently mostly a virgin rainforest that will be transformed into a sustainable smart city. At the head of this project are property developers Anthony and Theresa Welsh, who currently live on the 300-hectare island.
They plan to turn the island into a community of crypto investors. The biggest draw on the island is the lack of income tax there. Anthony Welch explained that the plans are for 21,000 investors for the island and for everyone to buy or develop land, they must have a citizenship NFT which is currently traded on marketplaces.
Each NFT token usually represents a type of property being sold. It also gives exclusive access to the island which will only have 21,000 inhabitants. But for those who don’t want to become citizens, the real estate developer says there are plans for a resort so crypto investors can enjoy the island without citizenship.
Citizenship Pass was minted on October 30th and has almost 1000 ETH volume already on OpenSea.
NFTs are not dead
NFTs are far from their glory days, but that doesn’t mean they’ve been completely written off. Even during the crypto winter, they are still making waves as creators find innovative ways to apply NFT ownership to their projects.
NFT marketplaces see rise in volume | Source: DappRadar
These non-fungible tokens have been able to move away from in-game access to having some real tools like Citizenship NFTs. Trading volume has also been on the recovery side during this time as more traders return to the space.
OpenSea trading volume in the last 24 hours increased by more than 30% to $22.27 million. The number of traders on the leading NFT marketplace also grew by over 42% during this time to 34,267, according to data from DappRadar.
Featured image from MARCA, chart from TradingView.com
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