Gaining Exposure to Real Estate Has Just Been Made Easier, More Efficient and Secure - Here's How
Even though the real estate industry is booming, institutional investors make up most of its investor base. Due to the high entry barrier, retail investors are discouraged from entering. A new crypto project Metropoly aims to provide accessibility to real estate investment through fractional ownership of real estate NFTs, and investors can own 0.1% of the NFTs for $100.
The Metropoly ecosystem is sustained and enhanced via its native coin, $METRO. The digital asset is an Ethereum-based ERC-20 token primarily used to reward investors or pay for listed real estate NFTs.
Metropoly has entered its ninth presale stage and has raised over $570,000. Interested investors can now purchase the $METRO token for $0.0625.
Real estate should be accessible to all, and since people will always need a place to live, it is the ideal investment for those who are risk averse. However, existing roadblocks have prevented this industry from reaching its full potential. Let's take a look at some of the issues.
The real estate tax rates have gone up and are still rising, and a high tax rate could negate gains from the sale of a property. Investors are also overpaying taxes because so much of it is undefined.
Brokerage fees are an additional expense that might reduce the proceeds from the sale of a property. Furthermore, a broker's presence can frequently reduce a property's value. When a broker is present, investors frequently believe they are not receiving the full value of their assets.
Metropoly intends to address these issues by making the real estate market available to all users, regardless of credit score or place of origin.
The platform is a decentralized NFT marketplace that offers non-fungible tokens (NFTs) backed by real-world assets,
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