What is an NFT?
Non-fungible tokens (NFTs) are unique, digital items with blockchain-managed ownership. Examples include collectibles, game items, digital art, event tickets, domain names, and even ownership records for physical assets.
Just as we had digital currencies (think airline points, in-game currencies) before cryptocurrencies emerged, we’ve had non-fungible digital assets since the dawn of the internet. Domain names, event tickets, in-game items, even handles on social networks like Twitter or Facebook, are all non-fungible digital assets; they just vary in their tradeability, liquidity, and interoperability. And many of them are incredibly valuable: Epic Games made $2.4 billion in revenue selling costumes in their free-to-play game Fortnite in 2018 alone, the market for event tickets is projected to reach $68 billion in 2025, and the market for domain names continues to see solid growth.
ACRE - Fungible
The Antilles Collective Real Estate Fund is working to be a regulated entity by CIMA and is an organization with insights into the regional and global private island market. ACRE is a ERC20 Token pegged to the aggregate of the ISLA portfolio of islands.
There will only ever be X ACRE tokens with scheduled burns leading to a deflationary type currency. ACRE will be made available on the blockchain on <INSERT DATE> for <0.XX> with a minimum purchase of <X> and a max purchase of <X>.
ISLA - NonFungible Tokens
ISLA NFTs are 1/4 Acre shares of ownership of a certain island in the portfolio. These NFTs store value, provide governance rights, and yield returns to the holders based on the activity on that 1/4 Acre.
ISLA adhere to a proprietary standard of smart contract being readied for patent.