DGES Documentation
  • Welcome to DGES
    • Problem Statement
    • Tasks
    • Goals
    • Proposed Solutions
  • Ecosystem Overview
    • Platform Overview
    • Ecosystem Tokens
      • GeoNFT (GNFT)
      • LandNFT (LNFT)
      • RoyaltyNFT (RNFT)
  • Ecosystem Commissions and their Distributions
  • DAO and Governance
    • Voting Mechanism
    • DGES DAO Reserve
    • Mitigation of DAO Attacks
    • No Native Token
  • Use of Funds
  • Technology
    • Blockchain Infrastructure
    • GNFT
      • GNFT Extensions Library
    • LNFT
    • RNFT
    • DAO
    • Integration with Other Blockchains
    • Development Tools
    • Security Measures
      • Audits
  • Use of Funds
    • Road Map
  • Socials
    • Contacts
  • Marketplace
    • NFT Marketplace
      • Mint
      • Sell
    • Terms and Definitions
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  1. Ecosystem Overview
  2. Ecosystem Tokens

GeoNFT (GNFT)

GNFT is a geolocation token that embeds geolocation data within its metadata. It enables users to tokenize information tied to a specific location, creating digital rights for content, objects, events, achievements, or other assets. Each GNFT comes with core characteristics and can be customised with various smart contract extensions, as outlined in the DGES documentation. The metadata of a GNFT includes essential information about the application integrated into DGES, through which it was created.

GNFTs can be used for various purposes depending on the theme and needs of the application and the extensions it selects. This flexibility allows each project to create a unique GNFT format tailored to its users, with different types of utility and the option to exclude unnecessary features, thereby minimising gas fees on the blockchain network.

Emission

The issuance of GNFTs is unlimited, with the fees from initial issuance and resale of GNFTs being the primary source of revenue for the DGES ecosystem.

Value Determination

Each GNFT is a unique record on a decentralised blockchain network, representing intellectual property for a specific asset and granting individual digital rights to that property. A GNFT can hold value as a collectible, influenced by several factors:

  • Geolocation

  • The theme of the service where it was created

  • Artistic value

  • The significance of the achievement

  • The creator

  • Rarity

In addition to its value as a collectible, GNFTs offer practical value for businesses and organisations by enabling the tokenisation of real-world assets (RWAs) and real-world events (RWEs), securely recording objects and activities tied to specific geolocations.

Pricing

Applications integrated into the ecosystem, through which the GNFT is first minted, have the right to set their own prices per GNFT mint.

The final cost is determined by:

  • The gas fee for the transaction on the blockchain network

  • The GNFT creation fee charged by the DGES smart contract

In secondary market transactions, the GNFT price is determined by:

  • The gas fee for the transaction on the blockchain network

  • The DGES commission

  • The marketplace fee (if applicable)

  • The application fee (if applicable)

  • The price set by the token holder

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Last updated 5 months ago