BRIKN The world’s first real estate DAO ecosystem powered through blockchain

LONDON, 1 September 2022 /PRNewswire/ — In the past, trading assets such as real estate exclusively through digital channels has not been the norm. British real estate development company Brik by Brik has announced the launch of BRIKN, its DAO ecosystem on the blockchain that rewards holders of the token from the revenue the company generates from its soon-to-be massive real estate portfolio. The company is targeting a property portfolio of £50m within the next five years.

Brik by Brik Director Mark Goodman said: “Investing in real estate has long been one of the world’s favorite tools for achieving financial freedom. Now, with blockchain technology, we’re making cryptocurrency real estate investing easier and more accessible to everyone. Imagine being able to have fractional ownership of multiple income-generating properties from an investment as low as $500. This is the next generation of real estate investing powered through blockchain.”

Investing in crypto-property is the process of tokenizing real-world properties and offering them as fractions of property-backed crypto investments to investors. In other words, a property is purchased through fiat via token sale and investment received, and the token represents a percentage of the property portfolio. However, BRIKN wants to reward owners of the BRIKN token with a percentage of the entire real estate ecosystem. Tokens are linked to the properties through the use of smart contracts that perform rent payments and distribution to investors of tokens automatically through the stake platform BRIKN Vault.

By allowing shared ownership of the ecosystem’s rewards, blockchain lowers the barriers to investing in real estate. The traditional real estate investment process presents a number of obstacles to potential investors. For example, to buy a rental property, a potential investor will often require a mortgage – effectively eating into the property’s bottom line. The investor must also take care of managing tenants, maintaining the property, paying taxes on the property and ensuring compliance with the law. Real estate has long been seen as an illiquid asset because it takes time for purchases to close. This is not the case with tokens, which can be bought and sold in seconds. And unlike real estate investment trusts (REITS), the benefits of tokenization include the ability to invest in a single property instead of a fund, voting and management rights over the property, more frequent payouts, lower fixed costs, fewer management fees and a lower minimum. investment.

Brik by Brik is headquartered in the UK and aims to become a leading national multi-sector property developer with a primary focus on properties below market value that deliver high rental yields. Working closely with its partners, ranging from well-known property providers, investment houses to solicitors, agents and auction houses, Brik by Brik delivers exceptional quality development and investment projects across the residential and commercial property sectors throughout the UK for both private and public clients, diversifying risk for investors and token holders.

60% of the profit from the properties’ rental returns and sales will be sent to the BRIKN vault. Vault stakers become part of the Decentralized Autonomous Organization (DAO) and will receive an evenly distributed amount in proportion to the tokens they stake in the Vault in USDT every single month, all they need to do is contribute to the DAO ecosystem by voting . They also plan to Airdrop exclusive NFTs that will give their owner governance and voting rights in the DAO ecosystem.

Founder and head of UK operations Mark Goodman has been a leading figure in new build housing and home renovation in the North West for the past two decades, overseeing property development projects worth a total of around £500 million. His extensive network includes partnerships with a number of leading developers such as Taylor WimpeyKier, Barratts, Redrow, Bellway, Charles Church and Keepmoat.

Website: www.brik-by-brik.co.uk

Website: www.brikn.io

SOURCE Brik by Brik Limited