We have previously launched on the Terra blockchain (selling 4 properties in 4 months totalling $1 847 000) but due to its crash, we have lost around 60% of our liquidity and decided to move the project to the Ethereum blockchain and continue to develop it there. We have a working platform ready to launch but we are still looking for the funding to list our token on DEXs.
Problem or Opportunity
The NFT world has high market entry barriers, so only a few can afford them. The F-NFT market does not introduce usability for fractional tokens and the projects available on the market that try to find a solution often do not end up solving most of the problems. Lastly, the available solutions mainly operate on a single chain, which makes it even more difficult for users foreign to that ecosystem to benefit from them.
Solution (product or service)
TLAND provides the technology that will allow each co-owner to use all the utility of the NFT they have collectively purchased. With proven technology, we are making it easier to break down the capital barrier to entry by enabling fractional ownership of assets as well as making it easier to access regardless of the chain the asset is located on. And last but not least, decentralisation - it is the community decision on what to fractionalise.
Business model
We take a 10% fee on every transaction
$11.7 million - 25% of the fractional NFT market we plan on taking over after launch
$982K - projected revenue in the first year for primary market & secondary market
$13.6K - average transaction fee profit from the primary market