IdleSoulSaver has announced their partnership with Elysia, a decentralized autonomous organization (DAO) that aims to provide technology and incentives for the digital transformation of Real Estate assets.
Elysia implement block chain technology to create digital representations of assets and real estate the purpose of this digitized (synthesized) real estate assets, exportation, distribution, pricing, and market participants that contribute to exchange support. More importantly, Elysia DAO will serve as a bridge to align the interests of traditional real estate owners and digital asset owners looking for new opportunities.
Elysia DAO creates smart contracts on the Ethereum network to allow issuers to create unique representations in the form of a token and associate the data and value of real estate assets. These tokens contain records related to the property, such as the current market price, financial information, ownership stake and binding legal documents. The issuance provision ensures that by owning the token, it will have ownership rights both online and offline, while the DAO governance model will be engaged in activities related to exchange and use.
There are three conditions for converting real estate assets into digital assets in Elysia DAO:
- Legal force
- Fast decision-making
Within the framework of the above conditions, the Elysia protocol has designed the following structure:
- Legal activity aspects – Issuers will be obliged to transfer the property when the token holder decides to return the tokens.
- Decentralization and quick decision-making – The online delegation and the offline management group are responsible for reviewing real estate tokens, but they can be rejected by voting participants.
lysia DAO provides protocol standards for moving real estate assets to the Ethereum network and other public blockchains.
It was inspired by an online game called Ghost Online. SOULSAVER is a blockchain-based idle it is a strategic simulation RPG (Role-Playing Game) and has a P2E (Play to Earn) game ecosystem built with NFT.