As Satoshi Island is a real place and what holders do with their NFTs effect the future of the island, owning a Satoshi Island NFT requires a level of responsibility not usually associated with NFT ownership. With this in mind, Satoshi Island NFTs come with additional security features to help keep them in the right hands in the event of unforeseen circumstances.

"Beneficiaries" is the first of the advanced NFT security features. This feature is intended to work much like a last will and testament, but does not require any third party to authorize the transfer. Beneficiaries are applied to all Satoshi Island NFTs and holders are required to confirm wallet access periodically by calling a function in the smart contract.

If they cannot do so, their beneficiary will be able to claim their NFTs to ensure the assets are not abandoned. In the event that no beneficiary is set, the NFTs will be subject to a decentralized redemption period of 12 months, where previous owners can retrieve their NFT if a mistake was made. Once lapsed, NFTs will be the responsibility of a DAO controlled by the Satoshi Island community.

Another advanced NFT security feature is "Trustees". This works by allowing the holder to nominate up to three addresses to act as co-signers, protecting users against unauthorized transactions. When used, this optional security measure means that even if the holder’s wallet is compromised and all other tokens and NFTs are stolen, their Satoshi Island NFTs will be safe.

Satoshi Island is taking the next step in the evolution of NFTs by introducing a way to turn digital ownership into physical. Anyone can own a piece of the island by acquiring Satoshi Island Land NFTs that can be bought and sold easily, without any of the complications associated with the transfer of traditional real estate.

Each block of land is divided into 10 NFTs which can be converted into an NFPT that entitles holders to the same rights as a physical land title. This includes the right to build homes or apartments which can be lived in or rented out. Holders of NFTs that make up multiple blocks can also combine their NFTs to create larger NFPTs which can then be developed to accommodate larger dwellings.

Owning NFPTs provides a multitude of benefits compared to traditional land ownership but for those who prefer a more conventional recognition of rights, it is even possible for NFPT holders to turn their digital rights into physical documentation on the official land registry of Vanuatu.

Although the NFPT was conceptualized for use on Satoshi Island, the use-case is wide-stretching and could be adapted to work with anything that has a lengthy transfer process. That is why the technology and intellectual property associated with NFPTs will be freely available, under open source license, to private companies or governments which see merit in its application.