The World’s First Resort NFT Raises $3.65 Million, Giving Holders Perks

LABS Group, an end-to-end blockchain property investment platform, has successfully raised $3,650,000 for Kunang Kunang Resort using NFT. Kunang Kunang Glamping Resort is the world’s first-ever community-owned project fractionalized into Rewarding Timeshare (RTS) NFTs, transforming the way investors build their diversified portfolio, with access to diverse assets, low transaction costs and the ability to trade 24/7. The auction of the NFT supplied 1095 RTS-NFTs, with each day of the calendar year represented by 3 RTS-NFTs. Interested parties will be able to purchase RTS-NFTs with lower entry barriers and a wealth of benefits. By fractionalizing Kunang Kunang Resort, LABS Group makes resort and hotel investment available for everyone. As quoted by Yuen Wong, the CEO of LABS Group: “LABS is a digitised real estate investment ecosystem powered by blockchain. With that, we make real estate investment possible for everyday investors. We could bring deals directly to everyday investors, cutting out the middlemen to bring extra value. Furthermore, LABS has made cross-border real estate investment easy, and has carried out all the due diligence for our investors.” The RTS-NFT Auction Kunang Kunang project’s newly revamped auction commenced from July 26th, 2021. Bidders can participate through two methods: the auction or an immediate purchase. The auction lasted for 7 days starting from July 26th. Interested bidders can bid for their d...