Liquid Earth launches first real estate NFT extraction, marketplace and lending platform
NEW YORK, NY / ACCESSWIRE / July 6, 2022 / The blockchain world is in dire need of more stable assets following the alarming recent events in Cryptoland, including the meltdown of $ 60 billion in stablecoin Terra and an ever-inflating digital NFT bubble.
Crypto needs safer value stocks and a hedge against inflation. Through several decades of ups and downs in the market, real estate has consistently proven to be a stable and valuable asset class that offers lower volatility than crypto and a low correlation to broader market trends.
By utilizing these properties, LiquidEarth has launched as the first platform to create an NFT that represents property ownership. It is the first compatible, legal Web3 outage in the real estate industry of 34 trillion dollars. Their ultimate goal is to bring over $ 100 billion in value to Web3 and crypto through real estate NFTs.
The new DeFi lending product, which now accepts applications, is the first platform that effectively allows non-recourse loans to purchase real estate NFTs. Users can borrow against NFT, or against their crypto, and buy a home or apartment. Users will also be able to invest USDC and DAI in lending to the platform and receive returns in the FYA token (the platform’s native utility token).
Real estate is the world’s largest asset class, with a global value of approximately $ 325 trillion. In general, exposure to real estate is relatively illiquid, and the transfer of real estate is a time-consuming process that requires extensive paperwork. LiquidEarth NFTs, on the other hand, can be traded in minutes between sellers and buyers. It even offers a “Buy Now” feature to allow instant trading with a real estate NFT. Property buyers who join the NFT recovery program will receive FYA token bonuses. Members will be able to use their FYA tokens to immediately purchase home and travel related products.
Platform users will save time and money on both sides of a real estate transaction, up to 6% of the value of the property, which is equivalent to $ 60,000 on a $ 1 million house. Real estate agents can earn fees to facilitate NFT’ing, trading and staking, and will be able to get paid even if the property does not end up selling.
Fraud as a title fraud is widespread in the real estate industry, but LiquidEarth’s real estate NFTs offer the openness and security of the blockchain to ensure secure transactions. In the event of loss, theft or fraud, LiquidEarth may implement a mechanism to issue a new NFT to the appropriate owner. It also freezes the transfer of ownership of NFT that has been reported stolen.
Phase 2 of the rollout will include more advanced DeFi features such as floating betting, where holders can bet their NFTs directly to lend the value and receive rewards in the form of FYA tokens. Eventually, users will even be able to invest in NFTs with a “first mortgage” (ie existing debt), based on the net worth. NFTs invested in the lending platform can still be sold, which provides maximum flexibility for holders.
NFTs arrived at the site mainly as a speculative asset, but as dubious projects disappear and bubbles are emptied, the usefulness of the technology underlying NFTs will withstand the test of time. NFTs already have utility cases in the arts, finance and entertainment industries, but their integration with real estate will eventually become their largest single-use case in the real world.
About Liquid Earth
LiquidEarth is the first NFT marketplace and real estate lending platform, allowing users to easily buy, sell and leverage real estate assets as an NFT, which can then be deployed on the DeFi Rewards platform. The goal is to bring $ 100 billion worth of value into the crypto and Web3 markets through real estate NFTs.
CONSULT:
Twitter.com/LiquidEarthNFT
Email: [email protected]
SOURCE: Liquid soil
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