PropiChain Aims to Capture 1% of the $300 Trillion Global Real Estate Market Using NFT and Metaverse Integration

The world's number one asset class, the global real estate market, valued at over $300 trillion, has long been a conservative space dominated by traditional practices.

PropiChain (PCHAIN) is a blockchain-based, decentralized restate platform that aims to revolutionize the way real estate is bought, sold, and traded. The platform is integrating NFT technology and the Metaverse into real estate, making the market more accessible, efficient, and easily tradable.

With the global real estate market valued at over $300 trillion, PropiChain is aiming to capture at least 1% of the market share. This translates to a potential market size of $3 trillion.

Here's a closer look at how PropiChain's NFT technology and Metaverse integration could propel the platform to achieve this ambitious goal:

1. NFT Technology in Real Estate:

NFT technology is best known for its role in digital art and collectibles. However, its potential to reshape the real estate market is even more groundbreaking. An NFT is a unique digital asset that is recorded on the blockchain and used to certify ownership and authenticity of assets like art and real estate.

In the case of PCHAIN, property ownership is minted as an NFT, turning physical real estate assets into digital, tradable assets. This approach offers several benefits:

- Fractional Ownership: One of the main barriers to real estate investment is high entry costs for investors. Using NFT, PCHAIN can divide high-value properties into smaller digital assets, making it affordable for a broader range of investors. Anyone can invest in high-value real estate assets without needing large capital.

- Liquidity and Transparency: With the NFT technology, PropiChain ensures enough liquidity in the market, making it easy for investors to buy, sell, and trade properties. Investors can also verify ownership and transaction history on the blockchain, eliminating the risk of fraud and increasing trust.

- Global Access: Unlike traditional real estate, NFT-based property can be bought and sold across borders without intermediaries and complex documentation processes.

2. Metaverse Integration:

The PCHAIN Metaverse feature takes real estate investment to a whole new level. It provides real estate investors with a fresh experience of scouting and touring properties in 3D. This expands their opportunities, helping connect buyers and sellers worldwide.

The Metaverse eliminates the need for investors to scout or tour potential properties physically. Unlike traditional videos and images, PCHAIN’s Metaverse allows investors to have a more detailed tour of properties from their homes.

3. Key Takeaways:

With the global real estate market estimated to be worth $300 trillion, PropiChain aims to capture just 1% ($3 trillion) of the market share. This looks ambitious, yet the platform can achieve this target with NFT and Metaverse integration.

According to a Statista report, real estate is projected to be the largest type of tokenized asset by 2030. PCHAIN’s NFT technology makes the global real estate market more accessible, tradable, and efficient. Therefore, the possibility of absorbing 1% of the $300 trillion market size is high.

Moreover, the Metaverse helps investors cut the cost of traveling to tour properties, which will appeal to more people.

PropiChain also uses smart contracts and artificial intelligence to improve the real estate market for investors. With the smart contract, users can automate their property leasing processes and rental payments, making it seamless for landlords and tenants.

With AI-powered chatbots and virtual assistants, investors will enjoy 24/7 support on navigating and maximizing the real estate market. The AI-powered predictive market analysis feature also offers investors detailed insights into future market trends, helping them anticipate and strategize for future opportunities in the market.

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