I was researching the Metaverse and came across a cool NFT project on the Solana Blockchain. I joined their Discord and reached out to the founders to get some additional information.
SolRealty was created to aid in the growth of metaverse real estate. They wanted to provide NFT holders access to metaverse real estate development and to give them a chance at holding an NFT that can provide passive income. They plan on redistributing the royalties to the holders for life; in addition, holders will receive a percentage of metaverse properties developed.
The Solana NFT collection is a total of 3000. It consists of the following:
600 Small Houses
300 Nightclubs
100 Hotels
3 Cities
Once the mint is complete, the website will transform into a real estate agency for virtual properties. You will be able to sell your property on the platform. This includes the ability to write information about your project and what you want a buyer to know. In addition, SolRealty will aid companies and organizations in their transition into metaverse projects.
Why Solana Blockchain?
The founders chose Solana because it’s an up and coming blockchain with a great growth trajectory in the coming months and years to come. The transaction speed and inexpensive network fees are also a reason. It allows SolRealty to distribute passive income with little to no gas. We all know Ethereum is congested with projects and the founders feel SolRealty would shine more in the Solana ecosystem.
Royalties
Earning Passive income with SolRealty is one of the best drawing features. The total royalty accumulated from each transaction on 3rd-party websites will be 8%.
6% towards NFT’s monthly
2% to Development team
Note: You must hold NFT for minimum 30 days in order to earn your passive income.
Now it gets even cooler! Let’s talk about the Hotel project. The community will vote on a few pieces of virtual land and then they will develop a hotel on this acquired land. The Hotel includes the following:
Full Casino - All casino games plus our yearly SolRealty Poker Tournament.
Nightclub - Expect celebrity performances and meeting lots of new friends!
Rooms and Suites - Available for rent , will include special perks to The Hotel.
Comedy Theatre - Comedy shows from some of the best in the world!
NFT holders get VIP access and exclusive perks to all Hotel amenities.
Percentage of profits allocated to the NFT Holders.
Roadmap
I joined their discord and they posted their roadmap as shown below:
Phase 1: Launch Twitter and Discord -Release Official Roadmap
Phase 2: OG role and Whitelist Giveaways in Twitter and Discord
Launch Website
Continue to build community and prepare for mint
Phase 3:
Mint will be live for Whitelist 24hrs before Public Sale
Conduct Public Sale
Phase 4:
Launch SolRealty Agency! SolRealty Agency will be a Metaverse Real Estate Agency that will help companies and organizations transition into Metaverse projects. The Agency will also develop projects in Sandbox and Decentraland.
Phase 5:
Buy virtual land in Sandbox and/or Decentraland and develop a Hotel.
For more information on this project see the following: