Aqarchain.io to Launch First Decentralized Real Estate NFT Marketplace
Aqarchain.io, FinTech real estate and hybrid real estate investment, has showcased the first global blockchain powered real estate crowd funding marketplace, where investing in real estate is as easy as investing in shares on the stock market. Aqarchain.io has presented at the first global blockchain platform to offer fractional NFT for properties during Future Blockchain Summit in Dubai UAE held in conjunction with Gitex 2021. Aqarchain.io will enable investors to invest in properties in fractions like shares in a property. The aim is to provide liquidity to the real estate industry by enabling fractional ownership. Traditionally Real Estate investment is considerate the most preferred asset for investment, however the rising prices creates a barrier to entry in the market. This is where we come into picture by offering flexibility to invest in fractions. Waqas Nakhwa, of Indian origin is the Founder and CEO of Aqarchain states, “The Aqarchain.io platform, our flagship product, is a real estate crowdfunding investment platform. Every real estate Asset will be digitized by minting a NFT, This will further be fractionalized into fractional tokens that represent a share in the asset.” Each fractional token of the NFT is one share in the asset. The tokenized share is lucrative for both buyers and sellers as anyone can easily transfer ownership without the hefty overhead costs, coupled with easier liquidation and efficiencies when transferring these shares. In addition Aqarchain.io will incorporate DAO governance model, where owners of fractional tokens vote for the governance of the property, returns on the property, appreciation or depreciation of value, as well as vote on which properties get listed on the platform.
Tags : INTERNATIONAL Investment real estate investment FinTech Aqarchain.io NFT Marketplace Waqas Nakhwa Crowdfunding