Jungle Estate NFT

Jungle Estate NFT (J_NFT) and the property rights

This commitment is written into the smart contract. All you have to do is exercise your right – sign the notarial deed to transfer the land into your ownership. Each parcel in the JE_NFT collection is part of the future private reserve – a carbon farm.

A brief overview of these types of rights

In essence, a personal right, often referred to as a "claim right", represents a property relationship between two subjects (individuals or legal entities) where the first party is obliged to fulfill a property benefit in favour of the second.

The Real Right / The Property Right

Real property is land as well as any permanent fixtures that are attached to that land, such as houses, barns, trees, ponds, wells, etc. 

Real property includes the land itself, but also includes a set of certain legal rights conferred on the property owner, including the right to own, control, dispose of and freely enjoy the property.

For the real right to be implemented, the property must meet certain legal requirements: it must be registered in a public registry and have a legal history i.e.  fixed documented records of the transfer of ownership.

What can be done with Jungle Estate NFT (JE_NFT) after purchase?

• Sell it
• Exercise your title  – take possession of the land through a notarial deed. JE_NFT will be burnt by this process.
• Stake JE_NFT and earn a percentage
• Visit Peru at any time, explore the area, and make decisions regarding the further management of the property.

Ownership of the digital token (Jungle Estate NFT) and ownership of the asset (land in the jungle).

In the real estate market, this point is often vulnerable to manipulation and fraud. 

However, thanks to blockchain technology and smart contracts this risk is completely eliminated.

Tokens do not represent direct ownership of an underlying asset, such as real estate, but rather ownership rights to that asset. 

The final property ownership is transferred by a public act registered with the relevant authority.

At the stage when you are in the possession of JE_NFT without having yet converted your personal right into a real right, you retain the possibility of selling your token. 

This right is ensured by the legislation.

Personal rights can be assigned or transferred to third parties, and their protection is guaranteed by legal remedies aimed at maintaining the provision or compensating for damages.

In the real estate market, this is a point of vulnerability to manipulation and fraud. However, this risk is completely eliminated thanks to the implementation of smart contracts. Technologically, the transfer of ownership of tokens is carried out through transactions recorded on the blockchain.

Each transaction that changes the ownership rights of the token is meticulously documented in the blockchain database, providing real-time visibility of the specific holder of a JE_NFT. This ensures impeccable transparency with no room for discrepancies.

You will be able to track the transactions related to Jungle Estate NFT on Polygonscan: https://polygonscan.com/

The process of formalizing land ownership through a notarial deed and updating the owner's record in the public registry of Peru involves the burning of your JE_NFT.

The local partner will ensure the execution of the landowner's commitment, the realization of the personal right to the specific plot corresponding to the owner's JE_NFT, the execution of a notarial deed for the transfer of the property rights, and the necessary updates in the Public Real Estate Registry.

Ownership of land by foreigners is recognized as a real right under Peruvian law.

The Jungle Estate NFT collection offers land plots for sale exclusively in the Peruvian jungle, in full compliance with the legal framework of the country.

In accordance with the national legislation of the country and the regional law of the Loreto region, foreign individuals can acquire and own land without hindrance. 

To fulfill these conditions, foreigners must hold a valid legal status in the country, which includes either a tourist visa or an active visa-exempt "tourist" status, and complete the process of signature legalization on the online platform.

Documents for the land plots

All land plots associated with the Jungle Estate NFT have undergone a comprehensive legal review.

They have a well-defined legal and environmental status and are fully compliant with both local and national laws. 

All plots are registered in the cadastre, have records in the National Supervision of States Registries (SUNARP), and do not have any contested issues related to ownership.

Proof of ownership – the documentation package for each plot includes:

• Certificate of Ownership, which includes information such as plot coordinates, area and map of the plot, along with details of the most recent and sole owner;
• Relevant registration with local notaries and government agencies;
• Certificate of payment of property tax.

How to choose a land plot?

Each Jungle Estate NFT design includes specific details about each plot: the lot's name corresponds to its entry in the public register, the plot's cadastral number of the plot, hectare measurement, configuration, and coordinates.

You have the option of physically visiting the plot or requesting a video recording/ transmission from the location through our regional partner.
Feel free to address any inquiries you may have regarding the property.

Reserve – Carbon farm

Currently, Peru is actively supporting ecological projects, particularly through the Servicio Nacional de Áreas Naturales Protegidas por el Estado (SERNANP), which has established an online platform for submitting applications to convert land into private reserves. 

This significantly reduces the potential for corruption and includes various parameters, including an 'entry threshold' in the form of a minimum area for the areas to be considered. 

According to the requirements, the territory's area must be at least 100 hectares, so that all the plots offering JE_NFT are grouped together in a single area.

Once you have purchased one or more JE_NFTs, the corresponding parcels of land (which may potentially belong to you) are included in the registry for establishing a private reserve, and subsequently for a carbon credit license.

Still have inquiries? Feel free to direct them to us!