LABS Group and Refinable announced their partnership to exclusively tokenize real estate assets on the Refinable NFT marketplace. Under this partnership, LABS Group will be tokenizing and fractionalizing its real estate assets on Refinable’s fast, cost-effective, and simple-to-use NFT platform.
LABS Group has recently announced the launch of the world’s first community-owned NFT resort alongside their first Rewarding Timeshare (RTS) NFT. This innovation aims to revolutionize the blockchain industry by resolving traditional timeshare and real estate pain points, bringing about unprecedented benefits such as profit-sharing rights (from the resort’s operations), and staying rights, among many others.
This announcement reflects the explosive growth and expanding applicability of the NFT marketplace sector. 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). The introduction of tokenized real estate on Refinable not only marks one of the first in the NFT and real estate industries but also addresses the stigma that real estate assets are only for higher net worth individuals – when it should be for everyone.
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.
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Invested by Binance and Mr. Beast, Refinable is the first major NFT marketplace in BSC, empowering both individual creators and beloved brands to easily and affordably create, discover, trade and leverage NFTs. Supporting all communities in engaging with NFTs is Refinable’s mission and we look forward to empowering the next generation of digital transactions.
Telegram ANN: https://t.me/RefinableAnn