SISTERS, Ore (KTVZ) — The development billed as the world’s first private NFT ‘golf and adventure resort’ is coming to Sisters.
NFTs (Non-Fungible Tokens) are unique cryptographic tokens that exist on the blockchain and cannot be duplicated. According to Investopedia, NFTs can represent real-world items such as artwork and real estate.
South Dakota-based Rhue Resorts is currently in the process of purchasing Aspen Lakes from current owner Matt Cyrus.
Rhue Resorts CEO Cindy Wyant lives in the Willamette Valley and is a frequent visitor to Central Oregon.
She said the resort will be owned by a six-generation Oregon family by Dec. 31.
Ruhe Resorts recently announced that Apen Lakes will be the world’s first private golf and destination club, with memberships available for purchase as NFTs.
The resort is starting by releasing 10,000 Founding Family Memberships for purchase. These Life Memberships do not include annual dues or dues. And unlike timeshares and country clubs, memberships are owned forever and can be passed on to friends and future generations, they say. Another advantage of NFTs is their ease of transfer.
Wyant said she and her family have known the Cyrus family for years. said he did
Wyant’s daughter and founder of Rhue Resorts, she reconsidered the purchase idea. We are confident that we will be partially funded by selling memberships and other sources of funding. Efforts are being made to transform Aspen Lakes into a resort and include a large conference center, indoor water park and five-star hotel.
Wyant said, “When we realized we had the choice of buying it or making it a big concrete jungle with outsiders, like Disneyland, we were against the idea and wanted to develop it.”
However, you may be wondering why we use non-fungible tokens.
“With the current U.S. dollar in the economy, we really believe that people are moving more and more into the digital age and the digital flow is becoming very popular,” Wyant said. and worth it.”
NFTs can be understood as a type of trading card and cannot be exchanged for equivalents of that type. It may be another precious card, but it’s not exactly the same.
Most NFTs are part of the Ethereum blockchain, and blockchain means a way to store data without leaving security to companies.
Bola Gbadebo plans to speak with Cindy Wyant to find out more about the purchase.
Her report will air on KTVZ at 5pm.
