Real estate company Hypomo is launching the first platform connecting NFTs to real-life property. The new marketplace called Terra.Earth will feature exclusive NFTs linked to physical assets.
The upcoming platform, designed by Slovakian real estate company Hypomo, also aims to launch several metaverses for an improved experience.
Terra.Earth: connecting real estate NFTs to physical assets
As the NFT market is becoming mainstream, starting 2022 we’ll be able to buy or rent real-life property through non-fungible tokens as well. The first platform to offer this possibility is called Terra.Earth – and it might revolutionize real estate trading.
In essence, Terra.Earth aims to create a bridge between two extremely valuable industries: real estate and NFTs. Using the open-source platform, developers and owners will be able to create NFT versions of their real-life properties.
The platform, set to launch next spring, is created by European real estate company Hypomo. Right now, it’s the only online mortgage group in Slovakia, offering real estate solutions within minutes.
The company’s CEO, Mark Flores Martin, predicts that the upcoming platform Terra.Earth will revolutionize the market:
“It took nearly eight years for the concept of the metaverse to be mature enough for Hypomo to provide real value,” he said. “The metaverse community now has a tremendous opportunity to build a connected, transparent economy around the virtual property. I think we’ll be seeing a lot of innovation come through in the weeks, months, and years ahead.“
In the long run, Terra.Earth aims to create multiple metaverses that will facilitate real estate NFT trading. As a result, property owners will Be albe to sell or rent their assets, both virtually and in real life.
Reportedly, the platform will also include innovative features in terms of fintech, proptech, and Blockchain.
Hybrid NFTs, a growing trend
Hypomo is the first company in the world to launch a real estate NFT platform. However, we’ve seen many other brands linking their physical products or services to the NFT market for increased exposure and income.
One of the most recent examples is the James Bond ‘No Time to Die’ NFT movie stub. Earlier this month, fans could purchase exclusive NFTs to get 7 admission tickets. The tickets had real-life utility, and owners could use them to watch No Time to Die in any Cinemark theater across the U.S.
Wine merchant Dave Powell, whose fine wine is highly appreciated by The Wine Advocate, also entered the NFT scene this month. Each of his newly-launched NFTs includes a digital asset, customized fine wine bottles, and the chance to explore Dave’s vineyard for a day.
Thanks to Hypomo’s Terra.Earth, those owning real-life properties will also be able to bring them into the metaverse. The platform’s innovation might revolutionize the real estate market as a whole, as NFTs are becoming mainstream.