FinTech and hybrid real estate investment company, Aqarchain.io has launched the first global blockchain powered real estate crowd funding marketplace, where investing in real estate is as easy as investing in shares on the stock market.
Waqas Nakhwa, Founder and CEO of Aqarchain said: “The Aqarchain.io platform, our flagship product, is a real estate crowdfunding investment platform. Every real estate Asset will be digitized by minting a NFT, This will further be fractionalized into fractional tokens that represent a share in the asset.”
Aqarchain.io will enable investors to invest in properties in fractions like shares in a property. The aim is to provide liquidity to the real estate industry by enabling fractional ownership. Traditionally Real Estate investment is considerate the most preferred asset for investment, however the rising prices creates a barrier to entry in the market. This is where we come into picture by offering flexibility to invest in fractions.
Each fractional token of the NFT is one share in the asset. The tokenized share is lucrative for both buyers and sellers as anyone can easily transfer ownership without the hefty overhead costs, coupled with easier liquidation and efficiencies when transferring these shares.
In addition Aqarchain.io will incorporate DAO governance model, where owners of fractional tokens vote for the governance of the property, returns on the property, appreciation or depreciation of value, as well as vote on which properties get listed on the platform.
Further Adding Mr. Nakhwa states that, We are selling a dream here, people will be able to buy a share in apartment for as low as USD 500 and claim the rent in proportion to their share in the property. We also want to change the concept that buying real estate is complicated and once in a life time opportunity as now the entry is easier and affordable.