Coded Estate and Sei Network Partnering for Large-Scale Blockchain-Based Real Estate Adoption
On February 22, it was reported that Coded Estate and Sei Network had reached a cooperation, which would be deployed on the Sei ecosystem. The cooperation betw…
On February 22, it was reported that Coded Estate and Sei Network had reached a cooperation, which would be deployed on the Sei ecosystem. The cooperation between the two sides could promote the large-scale adoption of real assets on the blockchain. The platform will be launched on the Sei test network and provide the community with the opportunity to cast the first NFT on Sei.
Coded Estate, a real estate decentralized exchange, will be deployed to Sei Network
Interpretation of the news:
It was announced on February 22 that Coded Estate and Sei Network have formed a partnership to promote large-scale adoption of blockchain for real estate ownership. Coded Estate is a blockchain-based real estate platform that allows individuals to own fractional shares of real estate properties. Meanwhile, Sei Network is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide a secure and transparent financial experience. Both platforms have successfully combined their strengths to create a new aim that could potentially revolutionize the real estate industry.
The partnership will focus on utilizing the Sei ecosystem to promote the use of non-fungible tokens (NFTs) in the real estate sector. NFTs would be utilized to represent fractional ownerships of real estate on the blockchain, providing a more accessible and transparent means of real estate investment. With the NFTs, fractional shares of real estate properties can be tokenized, making it easier for investors to own and trade them. This innovation is expected to increase the liquidity and accessibility of real estate assets globally.
The collaboration will begin with the forthcoming launch of the Sei test network, where the community will be provided with an opportunity to cast the first NFT on Sei. This means that the community will be the first to invest in fractional shares of real estate on the Sei Network. This is an exciting advancement that will attract more investors and allow for the creation of a decentralized global real estate market.
The collaboration between Coded Estate and Sei Network marks a significant milestone in the blockchain technology and real estate industry. By decentralizing the real estate market, those who have not been able to afford traditional real estate assets can now invest, own and generate returns from fractional shares of real estate properties. With blockchain technology and NFTs, the process of real estate investment is becoming accessible to a larger audience. This partnership may potentially change how people invest, own and access real estate, leading to a more equitable and accessible world.
In conclusion, the collaboration between Coded Estate and Sei Network provides the necessary traction for blockchain-based real estate adoption. Utilizing Sei’s technology and the community allows the introduction of NFTs to represent real estate ownership. This is a groundbreaking move that will advance the decentralization of the real estate market, allow a more transparent and fluid market, and make investing in real estate easier for more people.
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