PHAETON INTRODUCES ITS REAL ESTATE TANGIBLE NFT MARKETPLACE

Phaeton Real Estate Tangible Non-Fungible Tokens (TNFTs) Marketplace is a “Sidechain” of Phaeton Blockchain. It is a marketplace where real estate developers and investors can trade TNFTs. It is also a form of “crowdfunding” where sponsors and developers can mint tokens of the real estate projects and sell them on the marketplace.

WHY CREATE A REAL ESTATE NFT MARKETPLACE?

Investor interest for non-Fungible tokens is expected to increase rapidly in the coming years. NFTs have the option to tokenise any asset, including real estate. With cryptocurrencies being accepted by a growing number of institutional investors and more businesses incorporating blockchain technology into their operations, NFT’s will generate a significant increase in the uptake of NFT’s and witness a surge in demand. So how does NFTs benefit the real estate industry?

WHY REAL ESTATE TNFTs?

The current transfer of property ownership is labour-intensive and expensive. By “tokenising” the property rights into TNFTs, the process becomes much easier to trade and manage them. Furthermore, real estate is ideal for blockchain applications. Real estate property is immovable and has a physical presence that cannot be physically extricated or stolen by third parties.

REAL ESTATE TNFT APPLICATIONS.

With the potential benefits of blockchain technology and TNFTs in real estate, the areas where they can play an important role include real estate development and investment. TNFTs can be compared to a real estate syndicate offering transparency, liquidity, and democracy.

TYPES OF REAL ESTATE TNFTs

Real estate, in general, is diversified in many ways, from a developer’s vision to a project’s completion. In between, there are many factors to consider, from development finance to final investment. Phaeton Real Estate understands the needs of sponsors and developer’s and can offer the following types of TNFTs.

More information on who Phaeton is, visit https://phaeton.technology