7 ways blockchain can help grow your business

Wealthy cryptocurrency holders looking to diversify into hard assets are trading wallet-to-wallet to grow their real estate portfolios. That’s if they’re not using crypto profits to buy homes. Ryan Serhant, the celebrity real estate broker, told Yahoo! Finance that he expects half of future home deals to be completed this way.

Sound like Greek to you? If you want to increase your success as a real estate agent trading virtual land in virtual worlds, you need to get familiar with the ins and outs of crypto.

7 blockchain benefits

1. Contracts are recorded on the blockchain and “signed” as non-fungible tokens (NFTs). In 2021, titles to some homes were registered on the blockchain and sold as NFTs.
2. NFTS can be more easily traded, sold, and liquidated.
3. Blockchain tech facilitates faster, more secure transactions.
4. It saves on closing costs by eliminating “middle-person” service.
5. Decentralization could reduce liquidity risks and level the playing field when dealing with large banks.
6. There are algorithms to assist buyers and sellers across legal, documentation and financing admin.
7. The real estate blockchain platform can be used to document, store, and verify ownership stakes.

Bitcoin, the world’s first decentralized cryptocurrency has been around since 2009 and is the most popular option for investors. According to the Wall Street Journal, 0.01 percent of Bitcoin holders control 27 percent of the wealth.