Can DeFi offer a solution to an illiquid real estate market? Can investment opportunities be opened up to everyday people by helping them pool their spending power?
The concept of tokenization may solve both problems. At the forefront of real estate tokenization is a project called Blocksquare – let’s take a look at it.
What is Blocksquare?
Blocksquare is a concept built on the IPFS (InterPlanetary File System) and the Ethereum blockchain. It aims to make real estate investment opportunities more accessible by tokenizing property assets.
Tokenization means that a property’s value can be divided into tokens worth a fraction of the price. These can be purchased as investments.
This makes large, illiquid real estate assets more accessible to smaller investors and also promotes liquidity in the property market.
The platform also aims to make it easier for businesses in the property market to build a portal for potential investors – no additional coding is required. Blocksquare’s white-label platform does the vast majority of the work, thus encouraging property companies into the DeFi space.
How Does Blocksquare Work?
The platform has developed the Oceanpoint protocol. Based on the Ethereum blockchain, this is a DAO (decentralized autonomous organization) that will take ownership of a collection of smart contracts representing a significant real estate portfolio.
The goal is to encourage investors to participate in the pool but also to benefit the wider DeFi environment by boosting the volume of assets locked in decentralized ecosystems. It uses a governance token called the sBST, which is accessible to owners of BST (the platform’s proprietary token) and allows enhanced participation in the DAO.
Step-by-Step Guide to Using Blocksquare
- Select which service you need on the platform’s menu. Services such as “Spring” and “Delta” are for those seeking investors; to buy tokens, click the “Token” option.
- To buy the token, scroll down to the “trade BST” section and select one of the approved marketplaces.
- Once you have purchased BST, you can redeem this for sBST to become involved in governance. Or, you can use BST to invest.
Who is Blocksquare For?
The platform is aimed at investors who may not have the resources to enter the real estate market independently. Tokenization allows them to build a “partial” portfolio and benefit from the same returns.
It’s also aimed at businesses in the property market looking to make their assets more liquid and attract investors.
Who is Behind Blocksquare?
The co-founders are Denis Petrovcic, Peter Merc, and Viktor Brajak.
What Makes Blocksquare Unique?
The platform’s ambitious goal of building the total value locked in DeFi spaces by normalizing tokenized real estate investments sets it apart.
Blocksquare represents an intriguing development for DeFi enthusiasts looking to get started in the real estate market. Visit its website to learn more.
Is Blocksquare legit?
Yes – the platform seems safe.
Who invest in Blocksquare?
Anyone can invest in properties through the platform’s token.
How much funding has Blocksquare raised to date?
According to Crunchbase, the project has raised $170,300 thus far.