---
description: >-
  Deliver a proof of concept that showcases Limau's vision to decentralize
  traditional web 2 shareholdings and simplify retail investors' ability to
  access early investments opportunities.
---

# Phase 1: Genesis Collection

#### Web 2 business shareholdings, decentralized

Leveraging our strong web 2 connections and deep funding, Limau has acquired a property development project in Southeast Asia, targeting the delivery of 70 single-storey semi-detached residential houses.&#x20;

The ownership of this project will be decentralized via the issuance of the genesis NFT collection known as [project-re-dacted](../nft-collections/project-re-dacted "mention"), where each NFT holder will be considered equal shareholders of the development project and therefore entitled to the profits generated.&#x20;

In order to accelerate the return on investment for our NFT holders, Limau have commenced the sales of these properties, with 100% already sold as of Q1 2023, with the exception of 1 unit reserved for a future milestone. With that, we are confident to declare a _minimum_ payout of 12% APY across 3 years (total 36% in 3 years) for the future \[RE]dacted NFT holders.

To ensure full transparency, the APY payout funds will be stored and executed via smart contracts on the Ethereum blockchain.&#x20;
