TerraFirma, bringing Real Estate to NFTs in Terra

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A few years ago the Security Token "wave" lead to several companies enter the real estate industry trying to offer investment opportunities to the vast market. Besides the tokenization of new resorts to try to reach investment, some smaller projects focusing on the housing business, launching a token to be used to purchase participations.

One of those projects is RealT, which was created in the Ehtereum blockchain and offers tokenized US properties. Another one is Reental, based in Spain which uses Ethereum and BSC.

One of the problems these platforms face is the liquidity of those tokens associated with the properties. RealT partnered with Levinswap in Xdai Blockchain to create liquidity pools for the corresponding tokens. Reental is using pancakeswap

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But now that NFTs have entered the game, real estate projects are using those protocols to offer fractions of real estate properties represented by NFTs which can later be sold in a market as any other NFT do.

Terrafirma is working on its project to launch in Terra blockchain and considering it is a stablecoin based blockchain, it could introduce the stability needed for those intending to enter this business. We still have some months to go to see their property NFT marketplace but this is definitely a project I will be keeping an eye on.

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