1/15 "The owner is interested in tokenizing the future rental

earnings of the property using NFTs. He is offering returns to NFT owners based on a conservative rental of $250 per night for the entire villa"
Decentral Realty built on Hedera Hashgraph

2/ "Turtlepoint is a stunning 3.5 acre property located in Rekawa. It is surrounded by unspoilt natural beauty and is within the Rekawa Turtle Conservation Area. Situated on the property is a 4 room villa of contemporary architecture which is in need of renovation"

3/ "A total of $60,000 will be collected through NFT minting and primary sale of tokens to be denominated in HBAR. Each NFT owner is entitled to a pro rata share of the income derived from the future sales of the room inventory over the next 3 years"

4/ "The Turtlepoint DAO is to be created using the Hsuite Dapp and its members will be restricted to the Turtlepoint NFT owners. Each NFT can create a proposal and that proposal can be voted on by the other NFT owners"

5/ "The property will be advertised for short term rental though hotel aggregator sites like Agoda, Bookingdotcom, Trivago etc as well as having its own website for direct booking offers"

6/ "NFT staking rewards are paid daily through auto staking using a snapshot taken every day again using HbarSuite’s staking as a service functionality. The rationale for the daily payouts is so that the NFT owners receive their rewards right up to the day they sell their NFT"

7/ "Each NFT will contain a token certificate. The Certificate sets out the pro-rata share that is payable to the holder of that NFT. There will 3 different certificates as seen below"

8/ "Decentralrealty will create a DAO to allow the Turtlepoint NFT holders to participate in the governance of the Turtlepoint DAO. Voting tokens will be airdropped to the Turtlepoint NFT holders"

9/ "With these tokens in their respective wallets, Turtlepoint NFT holders can access the DAO page at xxx, and view the proposals that are available for them to vote on. The number of votes each holder receives will depend on the NFT they own"

10/ "The proposer has to pay Hsuite.Finance a fee of 100 HBAR for each proposal created. The proposer will also receive 2,500 VeHsuite, which is convertable to Hsuite at variable rate. Those who vote on a proposal will pay 1 HBAR and will receive 25 VeHsuite"

11/ "The use of smart-nodes means that staking rewards will not use smart-contracts and more importantly the NFTs will remain in the owners respective wallets and are not required to be transferred to the smart contract"

12/ "Decentralrealty is building a distributed booking engine that uses Smart Nodes and the Hedera Consensus Service (HCS). The Booking dAPP will act as a decentralized, auditable logs of immutable and timestamped events, such as rental transactions and income payments"

13/ "Decentralrealty will leverage the DAO Engine tooling provided by Hsuite. More information on this is available.

14/ "Decentralrealty has chosen to launch project tokens on the Hsuite Launchpad. More information is available. Hsuite also plans to launch and NFT DEX which will be ideal for Decentralrealty's Real Estate NFTs to be traded in a secondary market"

15/ "DecentralRealty was formed in May 2022 by Jasim Puthucheary. Jasim brings his experience from over 30 years in Corporate Finance, Private Equity and Business Operations. He is directly involved in business transformation through process reengineering and automation"
https://x.com/danyeid_/status/1729215436099858542?s=46

These nfts will surely be deemed a security in the US as income derives from income producing asset and efforts of the sponsor. Are they to be offered in US? On an exchange?

Not familiar with the US securities laws Collin. I'm aware that the company owner is Malaysian, the location of the underlying asset is in Sri Lanka, but no clue as to the legal aspects of the NFT issuance, if it was carried out or not. I know the startup was one of the 14 pursuing the recent AngelHack Hashgraph incubator program.