Marcelo Magalhães *
This tokenization Has become a reality for many industries and is gradually starting to gain space in traditional markets, but at the same time lacks innovation and agility: real estate. The first item Crypto assets are starting to emerge, stimulating new business and possibilities for companies and customers that are part of that ecosystem.
However, contrary to what many people think of the issue, Token Not only helps to expedite sales involving upstairs real estateInstead, what is observed here in Brazil is the possibility of new uses for properties that already have owners and are not sold.
To understand how it works, first you need to lay out some concepts.In the Brazilian market, the tokenization process, which translates into digital assets Some physical assets do not guarantee physical ownership of the property – there are movements that can be created Regulatory Signs This may make this possible in the future.
So the tokens that gain space here are utility tokens, which even have financial value, but whose main goal is to serve as a gateway to different products and services of this ecosystem – even attributes.
This distinction is important because while the token does not (yet) confer the right to own property in Brazil as it is not the main currency for negotiation, it can be used as the right to use a specific house or apartment, the concept of thank you NFT (non-fungible token).
This means that, in practice, a given cryptoasset can grant its holder the right to use the property and smart contract Carry each token with you. It’s almost like a short-term rental, but without the presence of an intermediary.
This brings two important advantages to the real estate market. The first, of course, is to move the entire industry, as idle properties can be used for different purposes, generating income for their owners and convenience for those who hold the tokens.
Tokenization Stimulates Real Estate Market Innovation
The second and perhaps most important benefit is creating a culture that encourages innovation and offers new ways of doing business. By guaranteeing access to an exclusive property for your vacation or weekend trip, people see value in the token – which in turn puts the asset prominently in the organization’s strategy.
For example, imagine a beautiful apartment in Copacabana, Rio de Janeiro; the owner only uses it two or three times a year. He can tokenize it and whoever gets this token has the right to use it for a period of time. Or even an industrial warehouse that could mark parts of its structure for other companies that want to use the space.
Even a farm or land, it can mark the space where you host your event – even other services. As you can see, the possibilities are endless.
Tokens have a lot of functionality that different industries have taken notice of. As far as the real estate market is concerned, they represent a great opportunity to reduce bureaucracy in the industry and, of course, bring more agility and security to the business.
If property rights remain an obscure subject in Brazilian legislation, the ecosystem already has room to innovate and present all the benefits inherent in digital assets — including taking up unused property. This is a new model, and everyone can benefit a lot from it.
*Marcelo Magalhaes is the CEO of Ribus, a blockchain integration platform focused on the real estate market.
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