) blockchain and is associated with a smart contract that keeps track of the transactions in which these tokens have a role. The ERC-721 standard is designed to augment the traceability and security of the transaction.works similarly to the crowdfunding process, where an asset is partitioned into small fractions with the help of a smart contract, an automated piece of code residing on a blockchain. Anyone who buys or owns a token owns a part of the real estate.
This is where tokenization comes in handy. Their assets will be fragmented and each unit will represent $1,000 of digital tokens. That way, the asset can be easily invested in over a period of time. This is done over aThe real estate can be tokenized whether it is commercial, residential or trophy. Expensive commercial properties such as shopping complexes and malls could be cut into fractional slices, making investments affordable.
In a blockchain-based system, there is no paperwork or waiting time for the completion of transactions. This results in To enhance the value of any asset, its lack of liquidity has to be overcome and tokenization has provided the solution. When a real estate piece is fractionalized during tokenization, its liquidity improves. Rather than selling the whole property at a single go, the owners of tokenized pieces can sell their tokens quickly, leading to a swift change of ownership.Real estate is usually thought of as an investment option for elites.