$107.70 billion by 2027. As a result, many investors and traders want to jump into this sector. Owning a vacation property is not that simple, it requires a lot of upfront capital, ranging in the millions of dollars range, most people do not have this amount of capital available.
As a result, Everlodge is pushing towards launching a Web3 platform. It will enable people to invest in fractionalized vacation properties starting at $100. The platform will leverage the power of blockchain technology and mint NFTs for real-estate properties.
Then, it will fractionalize them into smaller parts. The platform works through a co-ownership model. Multiple people can own a single property.
There’s also a Rewards Club, where they can receive free nightly stays. Anyone can also use the NFTs as collateral when getting loans. The platform utilizes the native ELDG token.
It's currently at Stage 4 of the presale, trading at $0.019. At launch, analysts project a climb of 30x will occur. Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky.
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