Who wants to own a glamping resort in Indonesia? Say no more crypto friends! With these NFTs, you could own part of a glamping resort in Banyuwangi, located on the far eastern end of the island of Java, Indonesia.
Disclaimer: As of writing this article, none of the NFTs were available. We can see why. However, interested investors should keep an eye out on Rarible for secondary market sales.
Glamping, also known as “glamorous camping”, is a luxurious variation of camping. Instead of sleeping in traditional tents on a floor full of bugs, imagine waking up in cozy beds inside a cabin, screened in pods, or even in a fancy treehouse. The word glamping first appeared in the United Kingdom back in 2005 and was added to the Oxford English Dictionary in 2016. The word is new, but the concept of glamping dates back to the 16th century in Scotland when Earl Atholl prepared a glamping experience for visiting King James V and the monarch’s mother. Earl bought the most luxurious tent available and decorated the entire tent with objects from his own palace. Today, the hashtag #glamping has over 3.5 million posts on Instagram and has become a popular style of travel, bridging the gap between nature and luxury for travelers of all ages.
Are you a fan of exotic glamping? Your dreams can finally come true.
A blockchain project by LABS Group X Gravity Resort has unveiled a compelling new use case for NFTs – the opportunity to take an ownership stake in a luxurious new glamping resort near Bali.
LABS Group’s main goal is to make resort and hotel investments available to everyone. They are a digitized real estate investment ecosystem powered by blockchain and empowered by the community. The ecosystem, which aims to redefine real estate investment, includes a crowdfunding and trading platform, a collateralized lending platform, and NFT reward solutions on resorts and hotels. Using the LABS platform, developers can easily tokenize and fractionalize their real estate, allowing them to sell or trade it.
The LABS NFTs revolutionizes timeshares, eliminating critical friction points and giving holders plenty of benefits such as:
Profit Backed Rewards
Kunang-Kunang Glamping Resort was designed by award-winning architect, Mr. Willy Sandy Ekaputra, who took special care in preserving nature during the resort’s development. This nomadic heaven is located in the mountainous part of Licin, Banyuwangi–just a few minutes’ drive to white sandy beaches as well as the Banyuwangi Domestic Airport. A 30-minute flight will take you to Denpasar, Bali and an hour flight will land you in the capital city of Jakarta. Banyuwangi is truly a hidden paradise, perfect if you want to escape from the hustle and bustle of Bali, where tourists pour in year-round.
Many tourists and expats who come to Indonesia face huge obstacles when trying to purchase property. However, decentralized projects like this are empowering investors that have previously been locked out of real estate markets. With the success of this glamping resort, we will doubtlessly see many other properties around the world offer similar ownership access.