# Abstract The development of digital economy has endangered people’s ownership rights. People have only obtained the license to use the virtual items that they purchased from the Internet, but they haven’t gain any ownership over those items. While some Intellectual properties has been already commercialized through NFT(Non-Fungiable Token) technology, its price often deviates significantly from its actual value. HashLand makes use of the NFT technology to combine real-world hash rate assets and Intellectual Properties, and minted in to a Synthetic NFT (S-NFT) asset with multiple values. Every HashLand forged S-NFT will be collateralized by standardized Bitcoin hash power. S-NFT holders can use their S-NFT to participate in HashLand GameFi and still gains from the passive hash rate output. HashLand offers diversified Defi infrastructures: Auction Contract, Exchange Contract, Lending Contract are being employed to maximize the liquidity of the Synthetic NFT. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://land-hash.gitbook.io/hashland/white-paper/abstract.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.