Decentralized Property Ownership Kick-Offs: LEND7 Launches Next-Gen Real Estate NFTs
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Imagine if you could invest in real estate without dealing with a bunch of middlemen, a huge initial capital investment, and endless legal barriers. Sounds fictional, right?
Newly built crowdfunding platform LEND7 made it a reality. Now, every market player can enter the real estate industry through a fully digital solution driven by non-fungible tokens (NFTs).
“The time when real estate investment was considered a game for the elite was yesterday. NFTs unlock doors for all market players, bringing immediate value and control to owners.” – Sebastian Bittar, CFO of LEND7
Inspired by the astounding NFT breakthrough in 2021, LEND7 gathers Web3 and cryptocurrency communities towards a common goal: bringing traditional real estate a fully-fledged digital solution, eliminating existing industry barriers of limited investor access, lack of liquidity, and insufficient transparency.
LEND7 will convert business receivables and real estate assets into NFTs, thus cutting initial entry capital requirements, lowering transaction costs, and minimizing the go-betweens involved in the investing process.
The May crypto crash has been a sobering moment for the industry. Upon reflection, it’s clear the sector needs to focus on building solutions that provide real-world value.
By leveraging NFT technology to democratize access to real estate investments, LEND7 is bringing attention back to utility. This will ensure the project can not only survive market crashes, but also emerge stronger.
A LEND7 private sale is now live and will last until 7 p.m., UTC, June 27th! After that, the platform will open a launchpad public sale.
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