The real estate industry is estimated to be worth $217 trillion, making it one of the most lucrative sectors for investment. However, in spite of the high returns, it remains closed to a wide array of audience due to the high entry fee, slow ownership transfer, and high transaction costs. It has made the real estate industry an exclusive domain for the moneyed ‘big boys’. But the normal audience who craved for a slice of the real estate pie now has a reason to smile as Alt.Estate is here and looks forward to solving some of these problems and making it easy for you to venture and conquer the real estate pie.
What Is Alt.Estate and How Does It Work?
Alt.Estate, a financial technology company has created the protocol and a platform for real estate tokenization to push the real estate market towards true-decentralization.
Driven by the urge to democratize the real estate sector, Alt.Estate aims to become an industry standard for the tokenized real estate transactions. According to the whitepaper, Alt.Estate Protocol consists of the smart contract technology, corporate structure and legal compliance features of property tokenization. It offers all big existing players – real estate developers, brokers, marketplaces and crowdfunding platforms – a turnkey solution for property tokenization with no infrastructure costs. Alt.Estate’s team has already created 20+ smart contracts and a smart contract builder which allows to develop hundreds and thousands of them in a quick and easy manner and to ensure the legal property rights with tokens.
What Benefits Does Alt.Estate Bring to Investors?
According to the company’s website, Alt.Estate aims at making real estate more accessible to the crypto traders, crypto owners, middle class as well as crypto whales. It makes it possible to buy and sell tokenized real estate assets in a trusted, fast and smooth manner with instant transactions at low costs. With Alt.Estate, anyone can list their property or part of it on the platform and at the same time, anyone can become a buyer.