Hoxna aims to be stable as one of the most stable asset classes in the world!

May 19, 2022

The Future of Synthetic Reality

Hoxna is a ground-breaking and ambitious new project which links virtual and physical real estate through a common currency and NFTs (Non-Fungible Tokens), providing a true digital twin of the world.

Bringing stability to crypto; bringing transparency to real estate

Real estate is one of the most stable asset classes in the world. It, therefore, makes sense that Blockchain could be used to ensure the stability of real estate transactions. Also, as the securitization of real estate has become a widespread financial trend, developers have been able to monetize trade-specific properties through securitization.

This has also led to real estate becoming an even more stable asset class than ever, so how can Blockchain enhance that inherent stability?

NFTs in real estate

More than just asset-backed and tethered to real estate, Hoxna’s Clay NFT acts as a legally binding contract. All legal documentation, compliance and certifications are automatically generated and recorded on the Blockchain once a transaction is completed.  

So, if financial markets become less stable, real estate becomes increasingly seen as a safe-haven asset and so Clay NFT is inherently secure.

Fast and secure

Automating the property market becomes easier through Blockchain platforms too, For buyers and sellers, transactions become extremely fast and cheap; for agents, transactions and documentation are immediately authenticated and less prone to error, fraud, or disputes.

Additionally, smart contracts (self-executing Blockchain legal agreements) can be used for a range of reasons, from governing the transfer of assets to the payment of fees.

Conclusion

Connecting NFTs and the Blockchain to the real estate market sets a favourable precedent for the future. Real estate suffers from fears of inefficiency and fraud due to cumbersome procedures and vulnerable proof of ownership. For example, anyone can forge an individual's title deeds and make unauthorized claims. Here, NFTs can bring about change with a reliable, fast, and effective means of proof of ownership.

Undoubtedly, this is a huge leap towards transparency in real estate, while delivering much-needed stability back to crypto markets.

For further information on how Hoxna’s Clay NFT, visit www.hoxna.io. Get involved by joining our Discord chat server at www.hoxna.io/discord.

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