UCASU Announces Ethereum-based NFT representing Atlanta Historical Landmark
ATLANTA , July 12, 2021 /PRNewswire/ -- UC Asset LP (OTCQX: UCASU) announced the company has partnered with third-party cryptocurrency focused companies to offer real estate NFTs (non-fungible tokens), to represent particular artistic and proprietary rights of historical buildings. The flagship project will focus on the historical Rufus Rose House , the oldest building in the heart of downtown Atlanta . Built in 1901, Rufus Rose House is Atlanta's only standing Victorian Queen Anne mansion. It is a national Historic Place designated by federal government, and an official Landmark Building of the city.
NFTs have dominated in the digital art and other digital collectibles over the past year. Based on block-chain technology, NFTs are almost immune to unauthorized copying or changing, making it a powerful vehicle to represent digital proprietary rights. The wave was followed by sports related events like the Super Bowl and Kentucky Derby, along with unique collectibles involving iconic celebrities.
Historical buildings hold unique artistic and collectible value, which can be tokenized into NFTs, making them available and accessible to broader groups of collectors and sponsors. Partnering with Atlanta -based Great Estate NFT and Singapore -based Bingoo Fintech, UC Asset will transfer certain artistic and proprietary rights derived from historical landmark buildings to its technology partners, who will build those unique proprietary rights into Ethereum-based NFTs and sell them, repaying UC Asset for use of its property rights.
