Aqarchain.io launches the first decentralized real estate NFT marketplace
Aqarchain.io is a pioneer in PropTech, FinTech real estate and hybrid real estate investing. The PropTech giant has unveiled the world’s first blockchain-powered real estate crowdfunding platform, making real estate investing as easy as investing in stocks. At the Future Blockchain Summit in Dubai, UAE, which was hosted with Gitex 2021, Aqarchain.io once again demonstrated its prowess as the first global blockchain platform to enable fractional NFT for properties.
With this development, investors will invest in real estate offenses such as actions in a property through Aqarchain.io. By allowing fractional ownership, Aqarchain.io will provide liquidity to the real estate industry. Although real estate has been considered one of the most favored investment assets, it is difficult to enter the market as an investor due to the daily rise in prices. The creation of fractional investment by Aquarchain.io will open up the real estate market to more willing and interested investors.
Aqarchain Founder and CEO Waqas Nakhwa of Indian descent said, “Our flagship product, the Aqarchain.io platform, is a real estate crowdfunding investment platform. By creating an NFT, every real estate asset will be digitized. It will be further broken down into fractional tokens which represent a portion of the assets. “
Also Read: The New Era of Real Estate: Interview with the CEO of Passive Income
Each fractional token of the NFT represents a share of the asset. The token share is beneficial for both buyers and sellers as it allows anyone to transfer ownership without quickly incurring high overhead costs. It allows a simpler and more efficient liquidation during the transfer of these shares. In addition, Aqarchain.io will use the DAO governance model, in which the owners of fractional tokens vote on the governance of the property, appreciation in value or depreciation returns, and what properties are presented on the network.
“Here we are selling a dream,” says Mr. Nakhwa. People will pay as little as $ 500 for a room in an apartment and then claim the rent based on their share of the property. We also want to dispel the idea that buying real estate is difficult and can only be done by owning a fortune.
Continue reading on BTC Peers
Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.