WHAT EXACTLY IS IT?
The owner of the NFT is entitled to a 75 year lease at 20Mission San Francisco (3491 20th st, San Francisco CA).
All bills are included. There are no on going costs for the NFT owner besides $1 in monthly rent. Absolutely none.
WHEN AND WHERE IS THE AUCTION?
The auction will take place on opensea.io and is going live on May 5th.
DO I GET A LEASE?
Absolutely. Here is room #1 (token #1) as reference.
IS THIS FOR A PHYSICAL SPACE OR VIRTUAL?
This is for a physical space. A room in San Francisco's 20Mission. You get a lease that gives you 100% control over a room for 75 years.
WHY AN NFT?
An NFT has all the benefits of a traditional lease but allows it to be more easily transacted.
CAN I SELL IT, TRANSFER IT, SUBLET ETC?
Yes, yes and yes. Subletting is permitted but requires notification via email.
FEES AND ROYALTIES?
Secondary sales have a 1% royalty paid by the seller. If you sell on a platform such as opensea.io there may be additional fees as well.
The owner of the NFT is entitled to a 75 year lease at 20Mission San Francisco (3491 20th st, San Francisco CA).
All bills are included. There are no on going costs for the NFT owner besides $1 in monthly rent. Absolutely none.
WHEN AND WHERE IS THE AUCTION?
The auction will take place on opensea.io and is going live on May 5th.
DO I GET A LEASE?
Absolutely. Here is room #1 (token #1) as reference.
IS THIS FOR A PHYSICAL SPACE OR VIRTUAL?
This is for a physical space. A room in San Francisco's 20Mission. You get a lease that gives you 100% control over a room for 75 years.
WHY AN NFT?
An NFT has all the benefits of a traditional lease but allows it to be more easily transacted.
CAN I SELL IT, TRANSFER IT, SUBLET ETC?
Yes, yes and yes. Subletting is permitted but requires notification via email.
FEES AND ROYALTIES?
Secondary sales have a 1% royalty paid by the seller. If you sell on a platform such as opensea.io there may be additional fees as well.