April 29, 2022 · less than 3 min read
Love it or loathe it, the housing market is changing.
The future of property
The night is dark and full of terrors, and so is the outlook for the property market. From rising interest rates to spiking prices, the need for innovative solutions to our housing problems is leading younger generations to turn to Web3’s cryptocurrencies.
New firms in the crypto space are bringing innovative ways of owning property to the masses. And beneath it all, the idea is simple. While you could save for years to finance a seven-figure mortgage that will tie you to your property for the long haul, you could instead use your pre-existing Bitcoin holdings to secure a property for as little as $50 – all thanks to the power of the blockchain.
How does it work?
While crypto-enhanced means of getting on the property market might still be in their infancy, Gen Z is lapping it up like its TikTok. The business model works by owning the deeds to properties in an LLC, into which people can ‘invest’ by purchasing tokens. Once someone buys a token, they then become co-owners of the property.
From crypto to NFTs, Web3 is helping young people get a foot up in the race for asset owners.
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