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The crypto community often emphasizes the potential for disrupting different sectors by removing intermediaries and their associated fees and delays. Real estate is frequently cited as a prime candidate for transformation because of its lengthy bureaucratic procedures and paperwork that investors must navigate, making it one of the oldest and most unwieldy industries.
Metropoly is an NFT project that aims to use digital technology to transform the real estate industry by tackling its challenges. This article delves into how Metropoly functions and how its users can take advantage of the platform, which includes opportunities for passive income.
The Real Estate Market is in A Dire State
The global real estate market was worth $6.8 trillion in 2021, with a compounded annual growth rate (CAGR) of 1.9%. This trend is expected to continue, making the industry a desirable investment option. In the United States, the market size was estimated at $3.69 trillion in 2021, and it is projected to grow at a CAGR of 5.2% from 2022 to 2030.
Although real estate remains an attractive investment, various challenges have emerged over the past few decades. One of the major hurdles is that entry barriers have grown financially and bureaucratically, making it challenging for individual investors to access and reap the rewards of real estate ownership, including security and passive income opportunities.
The house-to-income ratio in the United States currently stands at 7.71, surpassing levels observed during the 2008 housing bubble and the pre-2000 ratio of approximately 4.4. This trend must be reversed to avoid pricing out large portions of the population from the housing market.
The real estate market undoubtedly requires a transformation, and blockchain technology can help eliminate the entry barriers that have impeded progress. It is one of the most talked-about use cases for crypto, and Metropoly is at the forefront of this revolution.
Fractional Investment is Where it is At
Metropoly is an inventive project that can bring about the change needed in the real estate market. It is the world’s first real-estate NFT marketplace, supported entirely by physical properties, offering users a chance to invest in real estate through NFTs. These NFTs are linked to real properties, making investment opportunities accessible to individuals regardless of their location or credit score.
The main concept is fractional real estate investment, enabling buyers to acquire fractional portions of a property, enabling them to buy properties at a much lower cost, starting as low as $100. With Metropoly, investors can imagine owning a portion of a luxury property in a premium location and receiving rental income.
Compared to traditional real estate procedures that can take several months to complete, Metropoly provides a substantial advantage. With Metropoly, these processes can be concluded in seconds, providing accessibility for anyone to participate in the real estate market and shield themselves against inflation, regardless of their location.
Furthermore, the initiative has launched a $1 million giveaway, providing the winner access to a luxury apartment located in the iconic Burj Khalifa. The successful entrant may receive up to $100,000 per year in rental income from the property. The contest includes ten entry methods, primarily through the promotion of Metropoly, such as joining the Telegram channel, sharing the project on Twitter, and referring friends.
Metropoly has released the beta version of its platform, which enables users to browse through the various properties available for investment. The platform features tabs for auctions, mortgages, and payouts. The availability of a functional product is an encouraging sign of the project’s potential success, making it worthwhile for cryptocurrency enthusiasts to consider participating in the presale. However, it is essential to note that the properties showcased in the prototype are for demonstration purposes only.
Investors Flock to METRO Presale
Metropoly is the world’s first Real Estate NFT marketplace backed by real world properties! ?
Our goal is to make real estate accessible and to provide a variety of NFTs across the globe ?
Be part of the change and join our pre-sale ? https://t.co/tpOwICvgol#nft #metropoly pic.twitter.com/qzcnR8hGAZ
— METROPOLY – PRE-SALE IS LIVE! ? (@metropoly_io) February 27, 2023
Metropoly operates entirely on the METRO token, an ERC-20 token with a restricted supply of 1 billion tokens, serving as the utility token for transactions and incentives on the platform. At present, the Metropoly (METRO) presale is underway, and potential investors can acquire the token through USDT, ETH, or BNB. One METRO token costs $0.0625.
Metropoly has already managed to raise more than $570,000 in its presale. There has been a lot of talk about the project within the crypto community and social media, and that’s a sureshot sign that it is making headway in this industry.
The project is garnering a lot of attention on social media and within the crypto community. This is a clear indication that the project is gaining traction in the industry. By participating in the presale, investors are automatically enrolled in the Platinum Member’s Club, which offers various benefits that increase with the amount invested.
The first level includes perks such as early access to the Metropoly Beta and a Metropoly NFT, while the higher tiers offer real estate NFTs valued at $10,000 and cashback on rental income. Additionally, the earlier an investor participates in the presale, the higher the incentives they receive.
The Real Estate is on the Cusp of Change
Real estate remains a reliable option for individuals to safeguard their capital, as it not only provides a place to reside but also serves as a tangible asset with inherent worth. Amidst the current unstable economic climate, possessing property can provide essential reassurance, whether utilized as a primary residence or as a source of rental income.
The emergence of NFTs in the real estate industry is poised to transform transactional processes, generating advantages for all stakeholders. Metropoly exemplifies this emerging model, enabling individuals from diverse backgrounds to access real estate investments easily. With its innovative strategy, the platform is poised to become a key player in the crypto market.
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