- Reports say the global real estate investment market expanded from $7.4 trillion in 2016 to $8.5 trillion in 2017.
- In the year 2018, the first property in Manhattan, which was worth $30 million was tokenized on a blockchain network.
- Mr. Barry Monies, REINNO’S chief business development officer said,
“ Tokenization is revolutionizing the industry and establishing a new model for owning, financing, and investing in real estate. We are taking the big asset class online. I have been in the real estate industry for 30 years and this might be the most exciting development I have seen so far.”
- It is expected that by 2023, the real estate market size is set to grow from USD 983 million to USD 2670 million, with an annual growth rate of 22.1%. And by 2025, the global real estate market is expected to hit a revenue of $4,264 billion. Know more