Introduction: Real estate tokenization is an old concept in the blockchain world, but it has not yet taken off as the infrastructure needed was not in place. With the advent of Layers 1s, DeFi, NFT's, and GameFi, a new window of opportunity has opened, and it's within this context that 0xprop.com is brought to market.
The benefits of Real Estate Tokenization are simple. Homeowners and Investors both benefit by orders of magnitude from their current options to the asset class. To mention a few:
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Ticket size reduction
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Localized deals are brought to a global audience
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Blockchain native liquidity into the assets class.
How it Works: Together with Venture Club we have developed a framework where we securitize the economic rights of the properties and issue them on-chain, via a US Reg D 506(c) offering, which grants both Investors and Homeowners a safe and reliable mechanism to buy and sell global real estate economic rights.
POC: To test the concept we are introducing Øxprop.com, where we will issue on-chain, a group of unique properties that we have acquired in Bali, Indonesia, enabling investors to purchase a share of the economic rights, which grant a portion of the monthly rental income and exposure to the appreciation of the properties. Our aim with the POC is to polish the technical and legal requirements for bringing global real estate on-chain, and discover the appetite of investors for the asset class, before opening the platform to third-party homeowners across the globe.
Looking Forward: The following 30 days will see the release of all the details of the process and requirements before the first minting takes place, which is scheduled for the first week of December 2023. Sign up at 0xprop.com to be among the first to be notified once our properties go live, and follow our social channels to stay up to date on our latest updates. Twitter, LinkedIn.
Gabriel Miron
8186 Capital / 0xprop
gabriel@8186capital.com