EstateX sold out its first public, tokenized real estate property offering in under five minutes.
The sale was enabled through a strategic partnership with the CEO of RE/MAX England & Wales, offering the property at less than 10% of its appraisal and providing a 7% upfront rental income yield.
The property, a TUI Blue beach resort property in Cape Verde, is secured through a smart contract on the blockchain, ensuring transparency for investors.
EstateX aims to democratize access to real estate investments, and has garnered backing from prominent figures including Brock Pierce and the CEO of RE/MAX England & Wales.