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News for December 4, 2021

Indonesia Glamping Resort Auctions NFTs For Special Hotel Perks

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Kunang Kunang Glamping Resort, a boutique resort in Indonesia, recently auctioned Non-Fungible Tokens (NFT) for special hotel perks. This resort is the first fractionalized community-owned project in the world. It can be converted into Rewarding Timeshare (RTS) NFTs.

LABS Group, a platform for investing in blockchain properties, led the project/resort. It raised $3,650,000 via Non-Fungible Tokens.

Investors around the globe are increasingly attracted to this new type of digital asset. Investors can gain easy access to their assets by investing in NFTs. They can also be traded 24 hours a day and have low transaction fees.

Eliminating middlemen

Yuen Wong, CEO of LABS Group said: ‘We could bring deals directly to everyday investors, cutting out the middlemen to bring extra value.”

Wong said that LABS has made cross-border real property investment easier and more convenient for investors. However, Wong stated that even with all this convenience, the company took every precaution to protect investors.

Auction and immediate purchase

Investors had two choices when it came to Kunang Kunang: either an auction or immediate purchase. The auction lasted one week and began last July 26th.

LABS Group plans to continue its ventures beyond this project. In fact, plans have already been made for future ventures. According to the company it intends to expand its resorts and real estate business in countries like Japan, Cambodia, Thailand, Indonesia, and Thailand.

LABS Group is expanding aggressively to tap into the rich real estate market and rapidly growing market for blockchain-powered products.

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Modern Campground

Modern Campground

Modern Campground is the most innovative news source in the Outdoor Hospitality industry. We provide global news coverage for RV Park and Campground owners, operators, managers, and their team members.
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