The property can be resold for a potential profit, but take note that there is no guarantee of prices rising or being able to sell the property again, so please don't spend money that you can't afford to lose.
Secondly, you can 'develop' your property by using the virtual tour creation software included free on every plot. This has the effect of increasing the value in terms of marketing potential and selling probability.
If you own an African safari business, virtual tour creation is one of eight ways your company can benefit from using the Provably Protect marketing platform.
After purchasing your own property you can login to the virtual tour creator here...
It's possible because these properties are a digital representation of the physical world using a map.
By creating a NFT for each plot available on the platform, Provably Protect allows anyone to own, buy and sell the digital, but not the physical, real estate.
And it's all for a very good cause because 40% of the initial sale price and 8% of the secondary sale price of every digital property gets contributed to a conservation organization on the frontlines of wildlife protection and preservation.
The prices for new properties that haven't been sold yet are determined by the length of the perimeter road of each property in metres (feet), multiplied by the dollar amount per metre (feet), which has been determined by Provably Protect for each national park or game reserve.
So the plots with the most perimeter road will be the most expensive and the ones with the least will be cheaper, even if they may be larger in size overall.
The reason it's done this way is because the properties with more perimeter road provide better opportunities for seeing wildlife, if the digital real estate owner were to ever visit the physical property on an African safari.
After a property has been bought for the first time, the new owner sets the selling price if they decide to put it back on the market again for sale.
Conservation organizations are chosen by Provably Protect according to their ability to make a meaningful difference to the protection and preservation of the national park or game reserve in which the digital real estate is situated.
Without these organizations efforts the physical real estate might cease to exist in their current form as wildlife protection areas.
When a Provably Protect digital real estate owner successfully sells their property at a price determined by them, they are entitled to 90% of the proceeds. Then the transaction fee of the platform they are selling the NFT on gets deducted from this e.g Opensea charges a 2.5% fee.
The relevant conservation organization gets 8%.
When you buy a digital property, you become a member of the Provably Protect community, and you will be eligable for a 10% travel discount if you ever decide to go on an African safari to visit the physical area covered by your digital real estate.
The more people that know that they can make a real contribution to wildlife conservation by buying a Provably Protect digital property, the better.
And you can help by mentioning it to your friends, family and/or clients, and when they buy a property themselves you will be rewarded with 10% of the sale price.
Provably Protect NFTs are minted on the Polygon blockchain, which consumes a reasonably small amount of energy for each transaction compared to blockchains like Ethereum and Bitcoin.
Estimates of the carbon footprint of a Polygon transaction vary from 0.3 grams (Source: Polygon blockchain blog) to 430 grams of CO2 (Source: Digiconomist).
Ideally, NFT minting and transactions should be carbon neutral, especially for the conservation NFTs that Provably Protect specialises in.
So, to ensure that Provably Protect minting and transactions on the Polygon chain are carbon neutral, we offset the upper transaction carbon footprint estimation of 430 grams of CO2, for every single NFT transaction that occurs on our marketplace.
And we do this by contributing towards the planting of trees in forest areas of South Africa in the Western Cape.
Find out more about Provably Protect NFT carbon offsetting.
When you buy a physical property, the title deed gets stored at a deeds office.
When you buy digital property here, Provably Protect acts as the deeds office for you, keeping the property title deed (NFT) that you bought in storage, in your name.
So there is no impediment to owning these digital properties even if you don't have a crypto wallet or any cryptocurrency and never plan to get in future.
Take a look at all the digital properties available for sale at the Provably Protect 'No Crypto Wallet Needed' Marketplace.
Feel free to ask by getting in touch with us...