Bonfire brings fractional asset ownership to the blockchain
In recent years, the perfectly reasonable dream of owning property has become an elusive goal, as those looking to make a mark have seen purse strings tightened by pandemics, economies destroyed by poor political decisions, and prices driven up by the delusional tactics of the wealthy. As a result, investment firms, a disenfranchised subset of young professionals are frozen out of home ownership, and doomed to forever roam the rental wilderness.
Now, however, cutting-edge technology has entered the real-estate game, aiming to unite this formidable army of lost souls into a formidable force in property investing. Thus, lighting a fire under the foundations of the traditional real-estate industry and ushering in a new era internally transparent And faithless Property investment.
Through its forward-thinking infrastructure, bonfire The goal is to turn the tide of real-estate disillusionment, grab it tightly and kick it into a blockchain-powered future.
A new opportunity awaits the average investor
Through its revolutionary new platform, Bonfire will leverage blockchain technology to fractionate individual properties into bite-sized NFT tokens. Then, trade them on an in-house digital marketplace, giving investors a low-cost entry point into the property market. After that, they will get a proportionate share of the income generated by that investment.
In order to provide the best possible service, Bonfire will Fully valid And Prepare each property In its portfolio, it ensures it remains free of fraud, has passed a building inspection and is currently tenanted. Additionally, once it has sold all tokens related to an individual asset, Bonfire will also form a DAO for that investment, then enable holders to vote on its management decisions.
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The revolution began this October
The innovative platform will launch its amazing new venture this October by trading fractional ownership in a single-family rental property valued at $310,000. Essentially, its beta represents the launch and provides the first taste of its powerful new ecosystem.
As it matures, Bonfire aims to expand deeper into the real estate market and eyeball opportunities beyond home rental models such as businesses and services. Furthermore, it will Fully monitor its smart contractAdding more assets, and launching its own in-house utility token, all partnered with a fully functional, and fully liquid, NFT marketplace.
So, while individuals are struggling to gain a foothold in the industry, it is time to unite the masses and chant the oft-spoken mantra of the blockchain native generation, “Apes Together, Strong”.
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*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.
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