Web3 solutions aim to make America’s real estate market more accessible
Web3 solutions may be the answer to America’s housing market, but will the mainstream want to use blockchain-based platforms? America’s housing market may soon be facing its next bubble as home prices across the country continue to be fueled by demand, speculation and lavish spending that could result in a collapse. Moreover, many homeowners are opting to stay put due to climbing mortgage rates, creating a housing shortage. Data from the Federal National Mortgage Association, commonly known as Fannie Mae, found that 92% of homeowners think their current home is affordable. Yet, findings....
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LABS Group and Refinable have decided to join hands and make real estate trading more accessible and convenient for individuals. With this newly established partnership, users will be able to tokenize and fractionalize real estate assets on Refinable’s fast, cost-effective and user-friendly NFT platform. Refinable is the first major NFT marketplace on Binance Smart Chain […]
Dutch bank ABN AMRO has launched a blockchain application called Torch to help facilitate real estate transactions and exchange information. Developed in partnership with IBM, the blockchain application is a sweeping ledger that will be accessible by every party involved in a real estate transaction. Such as, buyers and sellers, landlords and tenants, ABN AMRO – as a bank, notaries, appraisers; the Land Registry Office and the Chamber of Commerce which is the country’s business register; as well as other regulators. Announced late last week, all of the above parties will – each in their....
Buying real estate doesn’t have to be as tedious as it has been in the past. In fact, you can actually start buying digital real estate right inside the metaverse for a much lower cost than you would purchase it in the real world. In addition, a handful of metaverses also intend to offer tokenized fractional shares in real estate properties, meaning you can own a piece of real-world real estate for a fraction of the price. This article will cover some of the best real estate metaverses to watch for in 2022. Some projects intend to bring real-world real estate assets onto the blockchain,....
Ubitquity LLC team launches first Blockchain Real Estate Meetup in Washington DC. The event takes place on Sunday, January 31. The Meetup is aimed at connecting experts from the traditional real estate industry with Bitcoin and Blockchain enthusiasts to create connections that will bring benefits to both industries. Although it was founded by Ubitquity team members - Nathan Wosnack, Christian Saucier and Matt McKibbin - it will remain a neutral Meetup for the free exchange of ideas and knowledge based on objective evidence. It is open so everyone interested in Blockchain or real estate can....
Ragnar Lifthrasir, President of the International Bitcoin Real Estate Association, has become the new Director of Real Estate for Ubitquity. Ubitquity uses the blockchain to help prevent fraudulent transactions in real estate markets, while allowing an improvement on the settling of claims, and tracking the record of ownership across the entire real estate industry. We were able to interview Ragnar, discussing his new role as Director of Real Estate for Ubitquity. What are your thoughts on the Blockchain 2.0? Can bitcoin’s blockchain be improved upon vastly?