LAND ID
LAND ID is an ERC-721 NFT representing a real estate property in Etherland. Every LAND ID in the platform comes with a unique Real Estate Identification Code. The key information about the property, such as its cadastral number, coordinates, and location, is stored on IPFS.
Whether a user owns real estate in the real world or not, they can acquire a piece of Etherland. In other words, anyone can own a digital LAND ID token at any location on the platform, as long as the said location has not been registered yet by another user. Users can secure their Digital Land by filling out the form that the platform provides.
The real owner of physical real estate can put their properties on Etherland's metaverse through Actual Owner Registration. With this type of registration, users can get a verified badge on their LAND ID. They need three documents to register their physical land: their passport or ID card, a utility bill, and their certified proof of ownership in their name. These documents serve as proof of ownership as well as KYC for identity verification. Users with verified LAND IDs can access specialised services, such as the Carbon Credit Reward.
Those who don't actually own or don't have the budget to own physical real estate in the real world can also register a LAND ID for a place from the public domain on Etherland. However, they won't get a verified badge. They can register any place on earth that hasn't been registered yet.
Public real estate, such as a natural wonder, a landmark, an arena, or any public infrastructure, usually can't be owned by an individual. However, users can register these public real estate in Etherland as long as there are no trademark or copyright laws that prevent individual registration. Thus, a user who wants to register or own a public place in Etherland has to do due diligence before doing so.
After a user completes filling out the registration form and passing the KYC, the real estate's NFT will be minted on the Ethereum blockchain.
Regardless of their ownership status of the physical land, landowners in Etherland can do whatever they want with their digital land, such as creating content or increasing its visibility on the net. They can also collect rewards and stake their Digital Assets.