Emaar Group, owner of the world’s tallest building Burj Khalifa, plans tokenization on Hedera Hashdraph (HBAR). Can Burj Khalifa be tokenized with HBAR?
Can Burj Khalifa be tokenized with HBAR?
Financial assets that can be deducted from the value of real assets thanks to tokenization being digitized. In particular, the Ethereum network hosts many tokenization efforts.
Many real estate companies from Switzerland and Europe tokenize real estate-based assets and put them up for sale.. Serious sales are also taking place in this regard.. Under normal circumstances, it is necessary to have millions of dollars worth of funds to be a partner in an important real estate project and to invest.. Fortunately, with tokenization, investors with small savings can also invest in real estate-based funds.
The address of the tokenization example is Gulf this time.. Dubai’s powerful construction firm Emaar Group also owns the world’s tallest building, Burj Khalifa.. Emaar Group plans tokenization on Hedera Hashdraph (HBAR). Swiss-based cryptocurrency project HBAR can tokenize billions of dollars worth of real estate in the United Arab Emirates.
Emaar Group’s interest in blockchain is not new. Last year, an award sharing site was established on the EMR platform.. The crypto rewards distributed by this platform were used in the consumption of services in many hotels and tourist areas in Dubai.
Liquefy also stated that a Hong Kong-based real estate company will tokenize some assets in Dubai.. It is stated that Dubai Mayfair Hotel, one of the favorite centers of Dubai, is in the target of tokenization.
Hedera Hashdraph (HBAR) is trading at the 45th place in CoinMarketCap. HBAR, which has a market size of 190 million dollars, is traded at 3.99 cents.. HBAR hits 41 cents on September 17, 2019, breaking all-time record. HBAR prices, testing 5 cents on June 18, 2020, consolidate around 4 cents. In the chart below, we see HBAR’s performance in 2020.
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