Top 5 Blockchain Projects Disrupting the Real Estate Industry
Real estate sales and rentals is yet another sector where blockchain projects are successfully flourishing, offering their services to thousands of users.
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Cryptocurrencies aren't just for buying and selling buildings, restaurants, and land, even though these are the most common applications of blockchain technology in real estate today.
Crypto projects are inventing all sorts of ways to combine NFTs, cryptocurrencies, and real estate into a unified business. In this article, we've compiled a list of 5 startups that have successfully integrated cryptocurrencies into their sector.
Propy
Propy is a crypto project that offers blockchain solutions for real estate transactions. It aims to facilitate faster, cheaper, and more secure property transactions around the world. With Propy, you can buy, sell, and rent property from anywhere in the world using blockchain and smart contracts. Additionally, any property can be tokenized and traded as an NFT.
According to CoinGecko, the project's native token, PROPY, has a market capitalization of $27 million and an average daily trading volume of $300,000.
Labs Group
Labs Group is a blockchain-based platform that offers practical and efficient solutions for investing in real estate.
The platform allows investors to access real estate opportunities that are not typically available to the wider public. This is achieved through the use of tokens that represent shares in real estate properties.
One of Labs Group's innovative solutions is the Staynex project, which is designed for the leisure industry, including resorts, villas, and hotels. With the Staynex Pass, users can tokenize their stay in these leisure zones and convert it into bonuses and rewards.
The LABS token currently has a market capitalization of $4 million.
Realio Network
Realio Network is a blockchain-based platform that provides legal control and ease of transactions in real estate. The platform offers solutions that reduce the time and costs associated with traditional real estate buying and selling processes. Users can invest in real estate alongside major market players, trade via P2P, or make real estate assets a source of passive income through the DeFi sector.
Realio Network's native asset is the RIO token, with a market capitalization of $2 million.
Atlant
Atlant is a cryptocurrency project that offers a platform for trading real estate tokens. With Atlant, investors can purchase tokens that represent fractions of a property and earn profits from the rent or sale of those fractions. The platform also provides tools for automating property management, including payment systems and deal management.
The ATL token is used to interact with real estate on the Atlant platform. Additionally, the project offers users a decentralized platform for cryptocurrency exchange, where they can trade BTC, ETH, and other currencies and buy coins with fiat.
Currently, the market capitalization of the ATL token is less than $1 million.
Binaryx
This is a relatively new Web3 protocol that focuses on decentralizing and tokenizing real estate. The project buys buildings from different parts of the world and divides them into equal NFT fragments that investors can purchase. Each investor can then earn a proportional income based on their share of the property.
For example, the first penthouse in Bali was sold for $170,000 in just one day, with a minimum user deposit of $50 per token. The projected rental income for this property is currently 22% per year.
It's important to note that this project is not related to the cryptocurrency exchange called Binaryx, which has a similar name but a different domain.
Selling a house through NFT fragments (app.binaryx.com)
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