During the testing phase of ElseChain, the team aims to create an NFT ecosystem to support current developments.

The NFT ecosystem will represent the following:

• Resources.

• Assets to increase the overall value of the network

• Communities.

• Funding Sources.

This NFT ecosystem will be a cross between various financial products and services such as insurance, bonds, loans, gift cards, etc.

Let's take a close look at some of these.

Gift cards: this collection can be redeemed by community users, giving them special access to the ecosystem.

Loan: collectors of this NFT can use it as a collateral and unsecured loan with zero interest.

Bond: this would be a zero coupon bond sold at a discounted price. It matures on the main network, where it can be sold back to the main team at par value. It can be converted into ElseChain DAO shares and management tokens.

Rental: this collection has special privileges that can be rented to the collector. A fee will be charged for rentals.

Insurance: some collections will cover risk for certain community assets, and there is a fee for this.

Stake: investors can lock their funds for a certain period of time to unlock NFT's VIP collections.

Auctions: some of the NFT collections will be auctioned off, starting at a fixed price.

NOTE: ALL ASSETS IN THE ECOSYSTEM CAN BE CONVERTED TO OTHER ASSET CLASSES.