This article is from the Australian Property Journal archive
THE first sale of a share in a community land development in northern New South Wales via cryptocurrency has taken place.
The sale price is equivalent to $155,000 and will be paid through the Ecryptostore.com platform, in Bitcoin and Ethereum, into the Nightcap Realty Trust Account.
E-commerce platform Ecryptostore, powered by its native token free market token, allows users can pay in, or be paid with, cryptocurrency or fiat currency. Transactions are recorded on the platform with NEM blockchain.
Ecryptostore and FMT were designed by an Australian team including Nathan Burns, Austin Lewinsmith and Rafael Bergola.
The share in the development, sold on Ecryptostore.com, is part of a proposed 3,500-acre holistic community development currently listed for sale by Nightcap Realty.
Developer Nightcap Realty said the development is set to be the world’s largest eco-community village.
“Nightcap Village is now positioned to be the world’s largest eco-community village” the developer said.
It is located between the Gold Coast and Byron Bay, and close to the townships of Uki and Nimbin.
The land comprises forests, timber plantations, a licensed hemp farm, orchards, dams, creeks and rivers, with sources of income available for potential investors including a caravan park, general store, café and fruit shop.
The developer is proposing that shareholders would potentially be paid to live on the property by becoming self-sufficient through a number of commercial agreements.
Australian Property Journal
