Metropoly’s Presale Continues to Hold Market’s Attention
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The elimination of intermediaries and their associated fees and delays is a frequent point emphasized by lobbyists and members of the crypto community, as they recognize the potential for the crypto industry to disrupt various sectors. Real estate, which has been around for centuries and is burdened by bureaucratic procedures and paperwork that discourage potential investors, is one of the most discussed industries that could benefit from this disruption. Basic paperwork alone can take several months to complete.
To address these issues, Metropoly is an NFT project that aims to revolutionize the real estate industry and bring it up to speed with the digital age. In this article, we will explore how Metropoly works, how its users can benefit from its platform, and how it is reshaping the real estate industry.
The worldwide real estate market was valued at $6.8 trillion in 2021, with an annual growth rate of 1.9%. This upward trend is forecasted to persist, making the market an appealing investment opportunity. The real estate market in the United States was assessed at $3.69 trillion in 2021 and is projected to undergo a CAGR of 5.2% from 2022-2030.
The United States is grappling with a significant problem, namely the house-to-income ratio, which has surged to 7.71 - surpassing the rate during the 2008 housing bubble. Prior to 2000, the ratio was roughly 4.4. This demonstrates the pressing need for reform in the real estate sector, as failing to address this issue risks leaving a sizable portion of the population unable to participate in the market, with potentially dire consequences.
Although the real estate market has
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