Economics behind AW Land Shares

This article will explain you how AW Land Shares work and economic mechanisms behind them.

Photo by Abigail Lynn on Unsplash

The main problem with NFTs: whales

Don’t get me wrong: the blockchain ecosystem needs whales. They are pionniers and take significant amount of risks. They deserve to be rewarded when they bet right.

The answer? Fractional ownership!

Hence comes a possible solution: dividing valuable NFTs in shares and splitting responsibilities between assets owners and their users.

You said “passive incomes”?

My AW Land Shares are currently backed by two lands on Magor. Owning a single share entitles you to exactly 1% of all incomes generated by these lands. There are currently two income streams:

  • Every week, land owners get a special allowance. As a shareholder, you will receive your part too.

What’s next?

You’ll find some ideas on the last part of the FAQ. Some of them, like voting, are still far away and I am covering basics (user awareness, bulletproofing the payment system, communication…) first.

Want to be a part of the project?

Building the first NFTs fractional ownership system on WAX. Join me at: https://nftshare.net

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store