NFT Ecosystem
NFTs enable ESTATE Token holders to earn additional yields through a unique gamified staking sys
Blox Estate NFTs are stylized 3D NFT models of the real-world properties sold on Blox Estate's platform. The NFTs are used to multiply the yields of the real estate asset by granting additional ESTATE Token rewards
NFTs are granted to property investors who purchase at least 5 Asset Tokens for a given property during its initial offering. Rewards are earned by staking Asset Tokens and upgrading your NFT in the gamified NFT ecosystem.
The NFT ecosystem utilizes the ESTATE Token in a number of critical ways:
Marketplace: NFTs can be traded freely among users using ESTATE Tokens. Each marketplace transaction incurs a 5% fee.
Minting: In the updated NFT minting system, a 5% ESTATE fee is applied to each new mint.
Power: In order to upgrade and repair NFTs, you must generate the power resource. Additional power can be purchased with ESTATE through the resources tab.
Slots: Each NFT must be placed in a slot to be considered active. Users can purchase additional slots for 10 ESTATE a piece
Premium Upgrades: Each NFT property can be enhanced using premium upgrades, which cost ESTATE to purchase.
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