Real Estate Backed NFT Marketplace Metropoly Raise $1.1 Million
- Metropoly launches the world’s first NFT marketplace backed by real estate.
- The beta version of their dashboard is already live.
Pre-sale values for the world’s first real estate-backed NFT marketplace Metrolpoly have crossed the $1.1 million milestone. Lately, interest in the real estate-backed NFT marketplace has increased noticeably, which is why the project saw a lot of traffic from the real estate and crypto-related community.
The eleventh phase of the presale is live, with METRO tokens selling for $0.0769 a piece. The pre-sale already has around 2,758 investors, and the launch can be expected on May 1, 2023.
Will METRO deliver on its promises?
The presale numbers for Metropoly’s meteoric and societal growth led many to believe that it could be the next big thing for the crypto industry in 2023. The noticeable growth in presale values is a testament to the project’s potential. Industry experts believe METRA could grow to a $1 billion market cap within one month of going public.
The investors would be rewarded handsomely, as the visionary value propositions are comprehensively supported by their strong action plan to address the predictions.
More about NFT Market Place-METRO
Technically, this is the first of its kind, an NFT marketplace backed by some real estate. Metropoly wants to delegate power to everyone, regardless of financial background or credit score; anyone with a minimum of $100 can invest in this high yielding property.
The project is enabled by blockchain tokenization and fractionalization of real estate assets. Due to this feature, additional transparency along with decentralization possibilities are invited into the market, despite any compromises with the return. For example, with Metropoly NFTs, an investor can earn monthly rent, which is similar to a real-life scenario. Moreover, the additional benefit can be obtained if the property value rises.
How does this differ from the real world?
These property NFTs from Metropoly have several advantages from their real-world counterpart, which they could not achieve despite digitization and centuries in the making. For example, these NFTs are highly liquid and can be bought or sold quickly and easily. But imagine doing this in the real world and trying to sell or buy a property; it would take weeks, if not months or years, to settle the deal.
Highlights of Metropoly
The marketplace offers a wide range of properties worldwide. By applying the necessary filter, one can find a suitable property. Imagine owning a beach villa, a penthouse or a luxury apartment – everything can be assessed easily and seamlessly.
The properties are handpicked by a multidisciplinary team at Metropoly, with many years of experience and expertise in the area.
The investment starts at $100, assuming that Metropoly aims to offer feasibility and accessibility. Being on the blockchain and sold as NFTs, the value of these properties remains uncompromised. Tracking the ownership of real-world properties is a huge problem – NFTs thus solve this puzzle with its basic mechanism.
Metropol NFTs are passive investments. Investors with this do not have to deal with banks and paperwork or pay huge amounts to the broker. All this is taken care of by the Metropoly team. The investor becomes eligible to earn the monthly rent, as smart contracts distribute the amount in a fair and pre-agreed manner.
The beta version of Metropoly Dashboard is already active
Unique Metropoly NFT marketplace has been under development for a year. The beta version of the dashboard is already live, even before the token launch. This version launch is a testament to the fast-moving pace of product development.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional money exchange systems. She is also fascinated by the blockchain technology and its function.
