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.
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