Earlier this month, Vesta Equity announced its own real estate-backed NFT platform and marketplace. It is available on Algorand and it will allow users to acquire assets in the form of non-fungible tokens and leverage liquidity. Until now, NFTs were mainly focused on providing people with digital art. Through tokenisation, the company will enable property owners to easily access the value of their holding. According to Michael Carpentier, the CEO of the firm, Algorand was chosen as it is a fully decentralised and secure blockchain that facilitates the transition from traditional finance models to virtual ones.
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Pixabay
Vesta Equity allows homeowners
to turn their houses into NFTs
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