Statista reports that the real estate market is expected to reach a staggering $634.9 trillion by 2024. However, much of this enormous wealth is concentrated among some individuals and institutions. Inclusivity in traditional real estate investment is not present, regardless of what the financial gurus on YouTube tell the world.
Blockchain has paved the way for true inclusivity in real estate investing, and Real Estate Metaverse or Remmeta is the latest face of it.
This innovative crypto project is making its way to MEXC in a few days. It uses the novel concept of the metaverse to not only make real estate investment more immersive but also leverages fractional NFTs to make such investments more inclusive.
What is the Real Estate Metaverse?
Real Estate Metaverse has been described as a virtual realm where real-life real estate properties can be bought, rented, and sold. The core of this experience is the VR view that gives users access to augmented reality features to explore the properties immersively.
Along with that, users will also have statistics about property rates. They will know how the properties are performing based on their location, and they will get access to an interface that lets them buy, sell, or rent these properties.
This approach makes real estate investing more diversified, and the information provided ensures that investors know what they are getting into before putting in a dime.
While these features are exciting enough, the inclusivity factor comes into play within the Real Estate Metaverse ecosystem through the help of fractional investing.
Fractional Reinvesting
Real Estate Metaverse (REM) has adopted the concept of fractional reinvesting. It has a simple premise. First, the property deed of real estate is tokenized and is then fragmented into smaller, “fractional” NFTs thanks to the ERC3643 protocol. This approach will allow investors to own a part of a property and generate passive earnings from it, in addition to receiving other perks such as capital growth. Furthermore, when the property is sold over the next 3 to 5 years, a portion of its selling price, proportional to the cost of the fractional NFT, is given back to users.
And not just that, these fractional NFTs can also be traded among users, ensuring that flexibility and liquidity in the Real Estate Metaverse ecosystem never run out.
Other Services Differentiating Real Estate Metaverse From Existing Crypto Projects
While the presence of fractional tokenized real estate, VR experiences, and an NFT marketplace make Real Estate Metaverse unique enough, it is the similarity to the traditional real estate investment ecosystem that makes it different from standard crypto projects.
For one, the ecosystem is instrumental in ensuring that legal processes are streamlined, collaborations are simpler, and property transactions are seamless.
The VR experience will also allow people to watch over their investments from a distance. They will be able to hire top-rated local building inspectors and get comprehensive reports about the project.
Users will also be able to reach out to accountants, getting the information they need to fulfill all financial requirements. This further makes property management more seamless.
Finally, through profile creation, Real Estate Metaverse ensures that users can easily monitor the property and interact with every required service to manage it.
DeFi-Centric Capabilities of Real Estate Metaverse – Offering Standard Staking Perks
However, the perks enabled by this RWA-focused project also offer standard blockchain-based offerings. Those choosing to stake their REM tokens will get access to additional perks related to staking.
Staking is simply a matter of holding the tokens to maintain the ecosystem’s stability and secure the network. It will offer lucrative yields, providing another avenue for earning passive income.
Real Estate Metaverse Tokenomics – Robust and Future-Forward
While Real Estate Metaverse is designed to be community-centric, its focus is also on ensuring that the project’s development happens without any undue complications. Therefore, the project’s tokenomics are more robust than its competitors’.
There are a total of 1 billion REM tokens and they are allocated in the following manner:
- 15% is for treasury and liquidity
- 12% is for teams
- 5% is for advisors
- 10% is for ecosystem development
- 10% is for pre-seed funding
- 10% is for rewards and incentives
- 12% is for launchpads
- 18% is for private sale venture capitalists
Real Estate Metaverse is Going Live on MEXC – Should You Buy?
Unlike projects that go on presale, giving some early moving capabilities, Real Estate Metaverse has opted for a different strategy. It will be listed on MEXC on 12/12/2024. This fair launch will ensure that everyone has an equal chance at generating gains from this ecosystem in this bull market. But should you invest?
The answer to this question is a simple yes. RWA projects that tokenize real-world assets offer utility to an otherwise intangible ecosystem. Furthermore, the blockchain implementation can potentially make investing in properties more streamlined.
Additionally, the project already has many venture capitalists interested and has a strong team running it, which further enhances the trust factor. Therefore, those who are interested should visit the official website to learn more about what Real Estate Metaverse has to offer.
Visit Real Estate Metaverse | Twitter | Telegram
What’s Coming for the REM Ecosystem?
REM is set to strengthen its partnership with Ripple Labs to integrate XRP for cross-border property transactions and to collaborate with Australian universities to enhance blockchain-based real estate tokenization solutions.
Real Estate Metaverse (REM) has an ambitious roadmap that instills confidence. The fourth quarter of 2024 will see the finalization of the MVP and platform testing. The official launch of the REM MVP is scheduled for the first quarter of 2025. In the second quarter, the platform plans the integration of global property listings.
The REM-X tokenized gifting solutions will go live in the third quarter. Toward the end of 2025, the project will strengthen strategic partnerships with major real estate firms.
Fractional ownership of loan deposits and agricultural real estate will begin in 2026. REM will also explore expansion into new markets and integration with another real-world ecosystem.
As one of the most creative projects to enter the market with tangible utility, Real Estate Metaverse is a project worth watching this season. As the crypto market enters another bull season, it wouldn’t be surprising to see the token take off.
