Zaragoza is the first city in Spain to release NFTs, a new form of digital property that has been gaining traction around the world.
NFTs are a new form of digital property that allows users to own a piece of digital content, just as they would own a physical object. They’re also an investment—the value of the NFT increases as more people use it and buy into the community.
The Zaragoza City Council recently became the first official body in Spain to implement NFTs. During the Fiestas del Pilar, visitors to their site were been able to win NFTs from Cabezudos de la Pilara, El Berrugón, and La Forana, three cultural events that take place in Zaragoza.
NFTs are not only fun to collect, but also offer significant benefits to governments in terms of engagement with their citizens. These digital objects can be used in public spaces to engage with citizens and promote interaction between the government and its citizens. They can be used by citizens to contribute to the community in positive ways.
Buy Virtual Land
Not only that, but you can buy virtual land NFTs in Zaragoza, powered by Next Earth.
Next Earth is a virtual replica of Earth that lets you buy NFTs that are digitally simulated assets of places. You can purchase virtual real estate, such as a plot of land in the city of Zaragoza, with BNB, the Binance Smart Chain native token.
It’s important to note that these virtual properties on Next Earth aren’t reserved for just Zaragoza—anyone can buy a piece of land in any city they choose.
And now, those who have been following this space will know what it means to have “purchased” a house or a plot of land. But what about those who haven’t been paying attention?
Get Your Feet Wet With Virtual Real Estate
The blockchain ensures that each property is unique and cannot be replicated. It also allows for trading among users who want to buy or sell virtual properties—in fact, it’s actually how Next Earth’s revenue is generated. Additionally, 10% of each purchase goes to environmental causes like The Ocean Cleanup, Kiss the Ground, and Amazon Watch.
Virtual real estate is a great way to get your feet wet in the NFT space, since you can see how it feels to own something before buying a collectible or an actual asset such as a house. You’ll understand the benefits and drawbacks of owning an NFT before making any type of purchase—whether it’s real estate, artwork, digital movies, or anything else.
Let’s look at some of the benefits of owning virtual land.
Benefits of Virtual Real Estate
Virtual real estate allows you to experience ownership without needing to invest in any physical property. Many people don’t have enough money to buy properties but do have the money for virtual real estate. This gives them an opportunity to buy into the market with only their cryptocurrency.
Further, virtual real estate provides an easy way for people who are new to cryptocurrencies or blockchain technology to get familiarized with this exciting space. If you’ve ever wanted to learn more about cryptocurrency but didn’t know where or how to start, buying virtual land on Next Earth is a great place to start!
Finally, virtual real estate gives users a tangible representation of their favorite city that they can use and even trade like traditional currency. You might not be able to visit Zaragoza in person anytime soon (unless you’re very lucky), but you can go online and “visit” it by living there virtually on Next Earth.
Zaragoza is a Spanish city most known for its public market, various museums, and historical landmarks. Want to jump into real estate? Zaragoza plots are awaiting. Or perhaps you’d rather buy a plot in France. All of these are now possibilities with the advent of NFTs, and you won’t have to move away from your computer screen to make them happen.
Photo by Marcelo Rivas on Unsplash