It appears that Ethereum blockchain is gearing up for new powers as the Red Swan Ethereum blockchain token is converting billions of dollars worth of land into digital assets.
Although not the first blockchain in the real estate sector, Red Swan is already making a show in the cryptocurrency industry.
Red Swan is the first real estate platform to inaugurate tokenized buying of real estate and has already tokenized more than $2 Billion worth of real estate on the Ethereum blockchain. If the new decision pays off, then the company plans on tokenizing a further $4 Billion worth of property.
Ethereum blockchain token for real estate
The process saw multiple high-level profitable properties being tokenized; investors who are authorized can buy a share of the properties receiving Ethereum blockchain token.
The real estate has big plans which would entail shifting from Ethereum to some high-level blockchain to gain better speed and security.
The main goal behind this process of tokenization is for people who can not bear to buy entire estates can buy a section of them. The tokens can be bought and sold by anyone who possesses them, and this process will create a booming crypto-based real estate business.
This step by the real estate may be the beginning of an entirely different zone of crypto-based technology usage. Undoubtedly, if this decision leads to financial prosperity, Red swan would tokenize more real estates.
Featured Image by Stokkete
