Waning interest in a North Hollywood crypto-themed home A crypto-friendly house in North Hollywood, Los Angeles, is seemingly struggling to sell, as the property has seen its price reduce three times in a little over four months. The so-called “Cryptohouse,” as stated on the glowing neon sign in its kitchen, was listed for sale at $1.2 million in October last year. As of Jan. 5, though, it is now fetching an asking price of $949,000. The four-bed, three-bath home sees the listing agents boasting in the property description of its spacious and flowing floor plan ideal for “savvy investors.” For …

2022 appears to have been a torrid year for investors, and not just those in crypto, with United States (U.S.) bonds experiencing their worst year in centuries and U.S. stocks pulling back nearly 20% since the year began. As of Nov. 30, a Financial Times report noted that a traditional portfolio consisting of 60% stocks and 40% bonds will have seen its worst performance since 1932 when the U.S. was in the midst of the Great Depression. Meanwhile, tech stocks, which some theorize have a correlation with cryptocurrency prices, haven’t had a great year either. An index tracking the performance …

Tokenization is the process of converting something with tangible or intangible value into digital tokens. Tangible assets like real estate, stocks or art can be tokenized. In a similar vein, intangible assets like voting rights and loyalty points can be tokenized, too. We see Avios as an example of tokenized loyalty points by the traditional credit card industry. However, when tokens are created on a blockchain, they add a level of transparency that previous iterations of tokens couldn’t achieve. There are several banks that are experimenting with tokenization. But, before diving into the use cases in banking, it would be …

The mainstream adoption of cryptocurrencies has brought immense potential to the fintech industry, and some of the capabilities have spilled over into the real estate market. Subsequently, the real estate sector is evolving to accommodate a new crop of investors who prefer making payments using crypto. The trend of investing in real estate with crypto gained momentum in 2021 following a market explosion that saw Bitcoin (BTC) breach the $60,000 mark. Today, numerous jurisdictions have amended their real estate laws to allow property purchases using crypto due to their transformative impact. Alexander Tkachenko, CEO and Founder of the VNX liquidity …

While nonfungible tokens (NFTs) are currently suffering in the bowels of a bear market, some are using this time to build and develop new concepts with the technology. Once such new concept is fractional NFTs — an iteration of NFTs that enable multiple investors to own a piece of a single token. These NFTs differ from regular NFTs in that they employ smart contracts to fractionalize the token into a number of parts predetermined by the owner or issuing organization, who then set the minimum price. When applied to real-world assets, these NFTs provide an interesting use case for investors …

Buying real estate is a convoluted process that involves a lot of legal work — but now, nonfungible tokens are bringing these transactions into the 21st century. A partnership between Mattereum and the property consultant West London City Lets now means that a prime beachfront property on England's south coast is available as an NFT issued by West London City Lets subsidiary Tokenized Properties. The plot of land can be found in Milford-on-Sea, and the minimum bids for the NFT on OpenSea start at 1.25 million USDC. So how does it work? Well, this NFT has been linked to a …

Dormant Punks Nonfungible token (NFT) sleuths have dug up an old wallet from 2017 that minted 141 CryptoPunks for 0.02 ETH, which was around $7 at the time when the project launched. According to the Twitter user Nansen Intern from the analytics platform the wallet is now valued at 11,300 ETH, or around $14.7 million at current prices. The wallet has shown no activity since then leading to speculation the owner lost the seed phrase. The wallet is placed in the top ten in terms of CryptoPunks holders and many collectors are reportedly monitoring it in hopes of snapping up …

A few years back, the concept of owning and trading fragments of physical real estate might have seemed too far-fetched for many. But with the advent of blockchain technology, real estate tokenization is providing new opportunities for fractional ownership and investment. Blockchain technology’s long-overdue debut in real estate has made real-world asset tokenization a heavily-discussed topic in the industry. After all, tokenization ticks all those boxes that are often required to ruffle many a feather in a traditional industry — it’s digital, global, complex and future-oriented. But how exactly does real estate tokenization work, and how can it help transform …

A partnership between the Colombian government and Ripple Labs to put land titles on the blockchain appears to have stalled following the project being "deprioritized" by the new administration. The project was initially announced by the outgoing government’s Ministry of Information Technology and Communications just two weeks before the newly elected president Gustavo Petro was sworn into office. According to an Aug. 30 report from Forbes, the interim director of the National Lands Agency Juan Manuel Noruega Martínez said the project is not part of the agency’s strategic priorities for 2022, stating: “This isn’t one of the projects defined in …

The cryptocurrency market is often recognized for its uncertainty; its underlying technologies represent a major disruption across industries, such as finance, gaming and supply chain. Consequently, asset prices rise and fall alongside changes in regulatory measures and new applications for the technology. Most successful investors would agree that investing is about balancing high-risk and low-risk assets to minimize loss and maximize earning potential through diversification. As a result, investors often build portfolios that combine real estate assets, stocks and digital currencies to ensure their portfolio is properly diversified for success. With this in mind, PMG and Greybrook have partnered with …

The metaverse sector is witnessing its very-own housing crisis moment thanks to massive declines in the prices of its virtual lands in 2022, led by waning users' interest and a crypto bear market. Land sales plunge 85% in 2022 In particular, metaverse projects built on the Ethereum blockchain, including the Sandbox and Decentraland, have witnessed substantial declines in their valuations and other key metrics, data from WeMeta shows. For instance, the average price of lands sold across Decentraland peaked at $37,238 in February 2022. But as of Aug. 1, their costs had dropped to an average of $5,163. Similarly, the …

Solutions built around blockchain technology offer several upfront benefits, including a censorship-resistant, irreversible distributed ledger. Deloitte’s study revealed blockchain’s position as a perfect fit for real estate use cases around leasing and selling. Blockchain innovations often outdo traditional systems by not only digitizing information but also introducing a near real-time trustless environment, among other features. Big Four accounting firm Deloitte uncovered six opportunities for blockchain to disrupt the commercial real estate (CRE) industry. The above infographic highlights six key pain points for CRE owners when leasing and selling their properties and maintaining complex transaction data. With this in the backdrop, …