The Metropoly presale has now raised over $475,000, a figure representing 95% of the minimum goal the decentralized real estate marketplace has set for the eighth stage of its offering. This means the price of its METRO token is due to rise very soon, giving investors a limited window of opportunity if they wish to acquire the new cryptocurrency at a bigger discount.
Regardless of which price individuals buy METRO, Metropoly is shaping up to be one of the most exciting new platforms in the cryptocurrency ecosystem this year. Having already launched in beta at the end of 2022, it enables users to purchase real estate -- and even fractional real estate -- as non-fungible tokens.
Metropoly bills itself as the first NFT marketplace enabling users to invest in income-generating properties without the involvement of banks, hidden fees, or geographic limits. As such, it's targeting anyone who wants to invest in real estate, generate passive income, and/or diversify their investment portfolio.
Given that it's an NFT marketplace for real estate, buying real estate through Metropoly means that users acquire a non-fungible token backed by real-world property, or fractions of real-world property. In other words, this opens up the real estate market to a much wider pool of potential investors, since the minimum investment available to users is as low as $100.
This premise has sufficed to attract a growing number of early investors in Metropoly's presale. Indeed, the latter has gone from having raised $100,000 within its first 24 hours to just over $475,000 as of writing.
At the moment, 1 METRO token can be purchased for $0.05, although this price will rise in the next few days, once the sale has passed $500,000. Investors can
Read more on cryptonews.com