# Owner's Lounge

Land is one of the core elements that make up JEFFWorld and serves as the foundation for the overall ecosystem. Starting with the first Land NFT Minting in August 2022, many Landowners have joined JEFFWorld. Landowners have exclusive reward acquisition utility and can enjoy the rewards of JEFFWorld's growth through the Tax system.

### Grade / Location

Grade indicates the level of the Land. It is categorized as Grade 1 (Bronze) → Grade 2 (Silver) → Grade 3 (Gold), and higher grades come with proportionally greater benefits.

Even if the grades are the same, each Land has a unique location in JEFFWorld. Depending on user preferences, being near the WorldTrain may be desirable, or being around the Community Zone or specific COM.Store brands may stand out. All Lands have a unique value based on Grade and Location.

### Land Supply

As of May '23, a total of 3,500 Lands have been minted, and ultimately, a total of 9,725 will be issued. The total number of Lands that can be issued in JEFFWorld is 41,225. However, additional issuance is planned in the phase of overseas expansion after securing a sufficient user base.

* Total CryptoValley Land NFT issuance: 9,725
* Grade 1 : 70%
* Grade 2 : 20%
* Grade 3 : 10%

### Theme

There are a total of six types of Land. You can have your own home with a beautiful theme and corresponding appearance, including Oakwood, Star Road, Sand Castle, Snow Daisy, Wondertopia, and Blue Crush.

* Oak Wood: 21%
* Star Road: 20%
* Snow Daisy: 18%
* Wondertopia: 17%
* Sand Castle: 14%
* Blue Crush: 11%

(The rarity of House Types may change slightly as additional minting progresses up to 9,725.)

<figure><img src="/files/JLH48wxTY440dAGlNhkF" alt="" width="375"><figcaption></figcaption></figure>

### Address

The address of the Land consists of the Island, Block, and House Number. Islands represent individual islands, and the island is divided into Blocks. The holder's Land has a unique House Number within the designated Block, which serves as a unique location that can be found on the official map and within Jeff World.

* Island: Represents individual islands like Smeade, Boban, etc.
* Block: Allocated within the designated island.
* House Number: Designated within the Block for your own house.
* Address: Island + Block + House Number&#x20;
  * (ex. Smeade 6B #160)


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