Intelly, a blockchain-based fintech company, announced plans to launch a fractional non-fungible token (F-NFT) real estate investment platform this Tuesday, July 20. The new platform will give investors access to property investments using Intelly’s native token “INTL.”
In a July 19 announcement, the blockchain-based fintech firm confirmed ready plans to launch fractional NFTs. Intelly will allow users to purchase real estate on its decentralized real-estate investment platform.
Earlier this year, Intelly completed its initial coin offering (ICO) and established the real estate market Intelly Exchange. The trading platform allows users to trade F-NFTs priced by participants based on underlying asset profitability.
The Intelly Exchange will list projects from the residential, commercial, and enterprise sectors, such as clubs and restaurants. Intelly will tokenize these projects to allow investors to switch their investments in seconds depending on their risk appetite. While commenting on the new crypto development Ismet Tasceken, the CEO of Intelly, remarked:
“Switzerland’s business environment provides stability and predictability essential for fintech who are active in transforming assets like real estate using blockchain technology. Even though the real estate sector is now worth over 3.7 trillion dollars, the industry suffers from inefficiencies that have plagued it for decades. We plan to leverage our 30+ years of experience, industry connections, and the power of blockchain to unlock the potential of a new era of real estate investing.”
Intelly’s Future Anticipation
Although investing in real estate is mainly profitable in the long term, this investment requires a significant initial down payment, attracting barriers for many potential investors.
But interestingly, the highly anticipated F-NFT platform will eliminate many steps required to participate in real estate investment. The new functionality bridges the physical and the virtual world, joining the fast-growing tokenization market. Intelly anticipates its market capitalization to reach $9.2 billion by 2030.
According to Tasceken, the much-anticipated investment platform will leverage blockchain technology to make virtual estates available to everyone. The top executive noted that the platform would begin trading on July 20:
“What sets Intelly apart from its competitors is the excellence of its proprietary technology combined with the depth of its industry penetration. This project, combined with our financial strength, experience, and vision, will ensure that we create profitable opportunities for our clients through tokenizing property investments.”
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Source: https://insidebitcoins.com/news/fintech-firm-intelly-launches-real-estate-investment-platform