Open Earth Labs will charge fees for the Open Property Project as follows:
5% creator fee on the resale of any project NFT
Base Property Management Fee of 1% of the property value per annum
1% of any profits generated by the operations of the property
Example
$200 000 property purchased and used as an airBNB. $2 000 NFT trade value per year. 7% per annum return from airBNB activities. 4.95% growth on property value.
Property Owners / NFT Holders
$9 900 property increase per annum
$14 000 profit allocation per annum
$0 expenses since airBNB activities cover operational expenses
11.95% per annum return on their NFT investment
Easy entrance to property ownership without the loss of interest through mortgages
Ability to easily sell your ownership and purchase ownership in other properties