BPN Capital and Upstream partner to launch $65M Paradise NFT Club sale

BPN Capital Group, a blockchain technology-powered fintech startup, and regulated digital securities exchange platform Upstream, have announced the launch of their new non-fungible token (NFT) collection dubbed Paradise NFT Club.

The $65 million NFT collection is on sale on the Upstream exchange and offers access to 7,800 membership NFTs spread across four tiers.

3,200 Luxury Villas available

Per a press release published on Wednesday, the Paradise NFT Club is located in Ciudad Terrena, Samana, in the Dominican Republic. The modern eco-friendly city has 2,500,000 square meters of land and includes a white sand beach, a river, and two springs.

The property includes 3,200 luxury villas, of which 3,050 are for grabs at $1.5 million to $10 million each. Interested buyers can access up to 70% financing from a selected lender.

Fans will also have access to exclusive golf tournaments, private events, a heliport, and a supermarket among other top amenities.

Mark Elenowitz, the co-founder of Upstream commented on the partnership as helping open new opportunities to their users.

Membership NFTs are just one of the many ways we’re innovating to integrate Web 3.0 strategies into Web 2.0 products. Proof of ownership on an open ledger along with a blockchain trading ecosystem enables members to unlock new opportunities and trade their memberships safely and securely.”

To participate in the sale, fans need to access Upstream from where they can create an account and fund it using any of the supported payment options. These include PayPal, Credit and Debit cards and traditional bank transfers.

Purchase and sale of Membership NFTs on the Upstream app will not attract gas fees, the platform announced.

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