Introduction
The purchase of traditional assets in today's world is an inefficient exercise, not to mention time consuming and costly. While investing in real property is rewarding in the long run, serious barriers to entry into the market exists as any initial down-payment can be substantial (and possibly prohibitive). Then if needed, add into the mix a bank or mortgage company, a multi-tiered, drawn-out process is ahead.
Ekta's fractionalized Real Property NFTs provide alternative relief for investors.
Ekta Real Estate NFT Marketplace
Do you want to earn monthly rental income without chasing tenants for your money? Do you want the real estate acquisition process to be simpler through the elimination of several steps of the traditional investment process? If so, Ekta may just be the right answer for you.
Ekta offers a Real Estate NFT marketplace in a decentralized scheme. Etka's aim is to remove the inefficiencies of the traditional real estate system through the creation of an independent singular ecosystem that bridges the physical world with the virtual. Etka's intent is to use its Layer-1 ecosystem to do away with centralized governance and bring people with different backgrounds together, evidenced by its use of its blockchain for the fractionalization of interest bearing physical assets. "This allows anyone to invest in an asset, while generating dividends (such as rental income), yield, rewards, price appreciation, physical use of the asset(s), and other incentives for all parties involved" [Ekta. Ekta v3 Whitepaper. (Accessed March 3, 2022)].
Etka's Whitepaper clearly demonstrates how it's model differs from traditional asset investment. With regard to Traditional Asset Sales & Acquisition, Etka identifies the following steps:
- Search for a suitable asset on a number of platforms based on needs and wants
- View & inspect the asset, sometimes requiring 3rd party inspectors/auditors
- Complete credit check, secure mortgage pre-approval
- Negotiate pricing
- Produce dozens of documents, secure loan approval
- Arrange additional final inspections
- Renegotiation
- Sign, notarize & exchange paper contracts
- Make deposit
- Prepare for settlement
- Organize insurance
- Final walkthrough
- Settlement with bank/lender, agents, buyer/seller
- Adhere to complex tax compliance regulations
- Manage the asset as a rental/hire a manager or utilize an expensive service like Airbnb.
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Ekta then sets forth it's streamlined Real Estate F-NFT Model, as follows:
- Easily search Real Estate Marketplace via desktop DApp or mobile DApp to choose a suitable asset to invest in. Review cost, projected ROI, rewards options, photos and videos, terms and conditions, and real-world documentation.
- Choose your preferred currency and purchase your stake in seconds with extremely low fees and fast transaction times. Buyer and seller will be democratically settled in seconds and ownership of the asset, or fraction of the asset will be transferred to the buyer's wallet.
- Dividends and rewards are paid out monthly.
- Dividends are paid based on total net profit from all revenue sources of the asset.
- Dividends include off-chain revenue and fiat transactions that the asset generates.
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Ekta Real Estate initially will be available under leasehold models in late March, early April 2022. Ekta's first real estate launch will be a $100 million, 206 unit development in Bali (Finn's Lifestyle Village). According to Berwin Tanco, Ekta co-founder & CEO, "we’re excited to partner with a market leader like FLV to bring on-chain some of the most desired properties in Bali ... Using F-NFT’s on Ekta blockchain, we will be providing early liquidity for real estate developers while also enabling access for anyone to easily purchase fractions of high-value investment properties like FLV” [Finns Bali. Major Real Estate Developer Begins Accepting Crypto. (Accessed March 3, 2022)
Initially to participate, use of the Ekta token will be required.
Final Thoughts
Ekta has already come a long way. During the past four months, Ekta has launched it's mainnet, it's blockchain explorer (EktaScan), a Bridge (EktaBridge), and it's NFT Marketplace. Ekta is listed on several CEX and DEX Exchanges and boasts a TVL of $300 million. Before launch, Ekta raised over $5 million in venture funding.
Please note, this article is for educational purposes only and should in no way be deemed investment advice. It is a given that every individual investor possesses a different present financial circumstance, tolerance for risk, and investment strategy. These must be weighed in light of the factors and information above provided in finalizing any investment decision. Accordingly you as the potential investor must make the final investment decision that is appropriate for your individual circumstances and in your best interests and at your own risk.
As always, never invest more than you can afford to lose. Good luck!