The concept of not being dependent on numerous intermediaries, troublesome starting capital investments, as well as the other legal hindrances while dealing with real estate sounds amazing. That’s exactly what is happening now. LEND7 is converting the industry of real estate into a digital solution based on NFT (non-fungible token) technology for an unparalleled investment experience to facilitate the market players.
In the previous year, the NFT market witnessed its topmost growth. The wider community, while seeing that the market value of NFTs reached approximately $22B, took a great interest in this sector. The concept of having complete ownership of the objects has become very famous in the advancing crypto space as well as the Web 3.0 community in particular.
The team of LEND7 stated that non-fungible tokens are categorized as leading merchandise that provides control and the overvalue to the owner thereof. They expressed being much hopeful that the Web’s future and the upcoming industries are related to the token consumers and creators. That is the reason, they added, why they are presently endeavoring to fast-track the real estate’s future.
Welcoming Every Player in the Market
The conclusive target of the LEND7 program is to create a link between the industry of conventional real estate as well as the ever-evolving Blockchain 3.0 technology. NFTs will be utilized by the project as the exclusive generation of the business receivables as well as the real estate assets to allow the entirety of the market players to be a part of the market of real estate assets. Of the three chief moves to be accomplished by LEND7, one is to minimize the preliminary capital investment that would make it more convenient for small investors to enter the market.
The second of the respective steps is to reduce the linked translation charges due to which the procedure of investing in real estate will get speedier than before. After that, the third is to eliminate the requirement of any intermediary to provide additional transparency as well an enhanced control to the business owners as well as the real estate investors.
Meeting the Requirement for Utility
With the huge Terra Luna collapse, everyone within the crypto world has become anxious. However, this does not end here, the scenario indicates the requirement for a concentration toward the utility as well as the provision of real-world value. Enormous speculation is reportedly taking place in the sector of NFTs. Even Beeple, the person who cashed $69M in return for his NFT dubbed ‘Everydays,’ mentioned that the prices of non-fungible tokens are highly projected. The respective problem is related to NFTs that do not provide anything other than price speculation, instead of the real-world value.
The team at the back of LEND7 moved on to say that they are dedicated to the provision of utility-based NFTs. In their words, the real-world influence would enable them to possess the characteristics determining if an asset is to get more strengthened or crashed. They concluded by disclosing that in general, it is all concerning the offering of value and that’s what LEND7 is doing to assist the real estate’s DeFi – Decentralized Finance future.
