Non-fungible tokens (NFTs) are revolutionizing the $10.5 trillion global real estate market, according to MSCI, and the $1.3 trillion tourism industry, according to Statista.
NFTs provide new opportunities for the real estate and tourism sectors, including innovation for certification, licensing, rental and vacation timeshare properties.
Blockchain Ecosystem LynKey launches an NFT marketplace for tourism and real estate, allowing tokens to be exchanged for tourism and timeshare experiences within the ecosystem.
SINGAPORE, Ha Noi, Vietnamand LONDON, June 28, 2022 /PRNewswire/ — The non-fungible token (NFT) industry has been on the rise since 2017, reaching a $12 billion market capitalization in June 2022 according to CoinMarketCap. Additionally, NFTs are revolutionizing the tourism and real estate industries, changing the way people buy, rent and sell property and experience tourism.
The revolutionary potential of NFTs lies in their unique characteristics: they are like certificates of authenticity that one receives when purchasing a digital good (or a digitized good). These are traded on marketplaces and range from digital artworks to exclusive experiences to certification of land ownership.
“NFTs are an essential part of creating the digital world. They provide a ubiquitous way to securely share ownership, access and use of a single set of data. As such, NFTs are a key enabler of digital transformation and a much-needed invention, allowing us, for the first time, to certify an ever-expanding digital ecosystem on which we increasingly depend,” said Dinis Guardaco-founder of LynKey.
NFTs are transforming the real estate industry
Real estate and tourism are prime examples of how NFTs are transforming entire industries. The land is divided into different properties. Every property has a clear boundary and its title comes with certain rights and obligations. The property may have buildings or permissions to construct them, each also having its own set of permissions and licenses. Properties are bought, rented and sold. As assets, they usually have a different dimension of value, as land, for their rights, such as mining, and their potential use, such as commercial use, and they need insurance against certain risks.
By using NFT and blockchain technology, buying and selling a given property becomes a much simpler, faster and cheaper transaction. And their potential goes beyond that. Where NFTs have begun to enable the capture and exploitation of a wider range of value with virtual assets, the same is true with property, potentially also extending the identified value tied to a property that can be purchased. and sold.
A more flexible, transparent and user-friendly tourism industry
On the tourism side, business and leisure travelers can now fly to destinations anywhere in the world and finalize their trip details from a smartphone. It’s safe to say that travel has come a long way from paper records and the tedious process of making reservations and managing itineraries using smartphones to perform these tasks.
However, there are still obvious challenges from the tourism and real estate industry that persist. Travelers around the world, for example, often have to trade in local fiat currencies and lose money due to high exchange fees. They cannot personalize their experience, or even sell, modify or cancel their “trip”.
NFTs and blockchain can accelerate the digitization process and address these challenges along the way. They digitally enhance and gamify experiences and provide utility through loyalty and rewards programs, games, registration and booking incentives, storytelling, access to events, and more. .
LynKey NFT Marketplace: Bringing the Real Estate and Tourism Industries Together and Digitized
A market is the very place where NFTs are bought and traded. Consider a situation where a large piece of virtual land is fractionated and available for sale. When a person buys a particular fraction of that property, it is in the form of an NFT. This means that the owner will receive a specific number of tokens which represent the share percentage in the asset (land). Now, these NFTs could be minted in a market for many reasons: rental, license or even timeshare. Similarly, NFTs can be created for unique tourist experiences.
Lyn Key becomes a pioneer in this NFT revolution of the real estate and travel industries. Building on this vision, LynKey aims to transform smart tourism, property management and timeshare, starting with its own token, LynK, which is available on Uniswap; and a new NFT marketplace.
“We intend to bridge the gap between the tourism and real estate industry and blockchain, showing how blockchain can enable an entire real estate ecosystem that offers massive advantages over the traditional property market. real estate, tourism and timeshare. And our recently launched NFT marketplace, together with our strong pledge, is just a first step towards that,” said Jason H. JangNFT Blockchain Advisor and Strategist at LynKey.
LynKey’s NFT Marketplace provides a platform where new NFTs can be created for countless unique experiences and tokens can be exchanged for existing ones. The market will retain the NFT value guaranteed by a real product from the suppliers. He agrees to be converted 1:1. A key feature that reinforces LynKey’s commitment to creating more transparent and digitized real estate and tourism markets, minimizing legal procedures and not being geographically restricted between the countries where Lynkey operates.
An exclusive event to present the NFT Marketplace
LynKey’s NFT Marketplace harnesses the full potential of NFTs to transform entire industries. The company will host an offline event in Vietnam to showcase its global NFT tourism and real estate marketplace as it continues to expand its ecosystem. On June 29, 2022the blockchain-centric platform will endeavor to Ho Chi Minh City, Vietnam. The main goal is to drive blockchain adoption and tokenize the real estate and tourism sectors, enabling a better user experience.
“The company is revolutionizing the travel and entertainment space with smart tourism and an NFT marketplace for it. LynKey connects global audiences with a Blockchain-powered platform and token that empowers an ecosystem for sharing time and reward solutions among high-end luxury tourists.With a global token, and now an NFT marketplace, LynKey effectively overcomes the need for intermediaries, allowing its users to explore the ecosystem that offers real-time solutions and soon, also Metaverse experiences”, said Cindy TranLynKey Advisor.
About Lyn Key
LynKey is a 4IR (fourth industrial revolution), an all-in-one utility ecosystem that offers unique blockchain-powered solutions for property reservation, investment or property rights to use, timeshare in resorts, hotels, marinas, vacations and other related services. , and utilities. LynKey’s new NFT Marketplace is the first of its kind to offer digitized real estate and timeshare tourism solutions, improving customer loyalty and satisfaction.
By building the premier crypto ecosystem in the tourism and real estate industry, LynKey offers robust solutions to manage the obstacles that prevent industry growth. The first step for LynKey is the creation of NFT products, such as hospitality products, tickets, shophouses, penthouses, villas, yacht services, etc., that meet the needs of partners and customers of this industry.
LynKey envisions to symbolize the real estate and tourism industries globally, bringing together a community of real estate developers, buyers and sellers striving to provide real estate solutions, resorts and tourism experiences the best and most secure high-end.
+44 (0)7751 667277
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