iLand NFT lifecycle

The lifecycle for an iLand NFT can be simplified as follows:
  1. 1.
    iLand NFT is minted on the iLand Marketplace
  2. 2.
    iLand NFTs can be held for any period. During this period, the holder has benefits of revenue streams
  3. 3.
    In the case of sale of iLand NFT secondary market, a royalty fee applies to the previous owner (the seller)