Many real estate have the great potentiality to become NFT, Do you ever think of that? In future can you launch it as a Nft marketplace also and people can have the favorite NFT real estate.
Hey, CitaDAO is a decentralized marketplace for on-chain Real Estate. Here is how we implement the use of NFTs in our platform:
A piece of commercial Real Estate is listed on our platform in the form of an IRO. The IRO is a process that determines if the real estate gets tokenized, find out more about that
here. If the IRO is successful, the property gets tokenized. Now here is when an NFT (ERC721) gets minted. The NFT represents the rights to the SPV and hence, the title deed and underlying assets held by the SPV. Real Estate Tokens (ERC20 fractions) are minted and distributed to participants of the IRO.
As you can see, CitaDAO is just like a marketplace for Real Estate. We envision the marketplace to be filled with various tokenized Real Estate assets that DeFi users like you and I can ape into very conveniently!