How does the Land Bank work?

The Districts Land Bank is an economic model within the Districts metaverse, designed to provide stability and liquidity for digital land assets. It works by collecting a percentage of each land sale as a fee, which is then used to back every piece of land claimed in Districts. This ensures a minimum floor price for the land, making it a stable and reliable asset within the virtual world.

The Land Bank contributes to the overall economic prosperity of the Districts society by scaling and growing with the activities in the metaverse, effectively serving as a store of value for the Districts economy.