Ownership of the real estate
In order to legally tokenize a property within the Nemea framework, a short series of steps are required to bridge the gap between ownership of a distinct real property and the digital tokens on the Solana blockchain that represent that property.
First, we will establish Nemea Inc. as a Hungarian private liability company by filing a Deed of foundation. This Inc.’s Deed of Foundation allows for the unlimited segregation of membership interests, assets, and operations into independent series, each of which is treated as a separate entity. Nemea Inc. will purchase and own the real property asset.
The membership interests are split into equal digital token units, Nemea NFTs. Ownership of any or all of the Nemea NFTs gives individual option rights and certain governing rights over the Inc. which has issued the Nemea NFTs and, therefore, over the discrete property owned by the Inc.
Each of the membership interest units is represented by a Nemea NFT, on the Solana blockchain. These digital tokens each have a Unique Identification Number (UIN) that is found both in the metadata of the token, and in the Deed of Foundation of Nemea Inc.