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Friday, December 3, 2021

Tokenizing Real Estate Assets with LABS Group

This post was originally published on Refinable

Halfway through 2021, and the NFT industry continues to surge in demand with no signs of slowing down. According to NonFungible.com, over $2 billion was spent on non-fungible tokens during the first quarter of 2021 — an increase of about 2,100% from Q4 2020 (April 2021). Whoa! Talk about momentum.

What is even more exciting to us is the ever-expanding applicability of NFT across a wide range of business sectors. While NFT is still at an early stage of development, we are delighted to see more people understand and take interest in the technology — as a way to drive additional revenue, explore new marketing channels, and amplify a company’s brand voice in their industry sector.

That’s why we are delighted to partner with digital investment platform LABS Group (LABS), to tokenize and fractionalize its community-owned NFT resort — a world first — on our fast, cost-effective and simple-to-use NFT platform. This enables users to easily list, buy, sell, and exchange LABS’ real estate timeshare NFTs.

We’re particularly excited about this announcement because we are the first in the NFT and real estate industries to introduce tokenized real estate. We are thrilled to be part of something that could potentially change the dynamics of an industry; often, we think of real estate opportunities as reserved for higher net worth individuals. However, our partnership with LABS allows us to address that stigma, and empower buyers from all walks of life to explore new ownership opportunities.

We look forward to working with LABS Group and continue to explore new ways of doing things. Stay tuned for more, and follow our socials!

About LABS Group

LABS Group is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.

LABS Group’s platform uses blockchain technology and smart contracts to ensure complete transparency over a borderless ecosystem where property developers and investors can interact seamlessly and with unprecedented efficiency.

Real estate and blockchain professionals have brought together their expertise to devise an ecosystem of services that make property investment more accessible, more secure, and more liquid.

For more information on LABS Group, feel free to follow our socials below:

LinkedIn: https://www.linkedin.com/company/labs-group/
Website: https://labsgroup.io/
Instagram: https://www.instagram.com/labsgroupio/
Telegram: https://t.me/labsgroupio
Twitter: https://twitter.com/labsgroupio
Project Page: https://gravityresortskk.labsgroup.io/

About Refinable

Refinable is the first dedicated NFT marketplace built on Binance Smart Chain. With investments from Binance and Mr. Beast, we are creating an accessible environment for any user, brand, and community to engage with NFTs. This means providing an ultra low-cost, fast, and secure place for retail and crypto users alike.

Contact Refinable

Website: https://refinable.co/
Telegram: https://t.me/refinablenft
Twitter: https://twitter.com/refinableapp
Media enquiries: Adrian Fu ([email protected])

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