The Good Tech Companies - Blocksquare Brings Tokenized Hotel Ownership to Retail; Launches Pooling Marketplace

Episode Date: July 28, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/blocksquare-brings-tokenized-hotel-ownership-to-retail-launches-pooling-marketplace. Blocksquare has announced the launch of its new Marketplace Pool funding round. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #defi, #web3, #blocksquare, #fractional-ownership, #seed-investment, #real-estate-tokenization, #good-company, #oceanpoint-defi, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Blocksquare has announced the launch of its new Marketplace Pool funding round. This development marks a significant milestone in real estate tokenization, leveraging the capabilities of its latest platform, Oceanpoint DeFi. The funding round, which is scheduled to commence on July 30th, introduces a novel approach to fractional investment in the hospitality sector.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. BlockSquare brings tokenized hotel ownership to retail. Launches pooling marketplace. By Ashan Pandey. BlockSquare has announced the launch of its new marketplace pool funding round. This development marks a significant milestone in real estate tokenization, leveraging the capabilities of its latest platform, OceanPoint DeFi. The funding round, scheduled to commence on July 30, introduces a novel approach to fractional investment in the hospitality sector. Through this initiative, BlockSquare and its partner, PyME, aim to make

hotel investments accessible to more investors. The global hotel industry, valued at over $700 billion in 2023, is experiencing rapid changes driven by technological advancements and shifting investment paradigms. As traditional investment avenues become saturated, fractional investment platforms like Blocksquare's OceanPoint are emerging as viable alternatives. This shift is not just a trend but a response to increasing demand for more inclusive investment opportunities. Pyme's role in democratizing hotel investment. Pyme, a blockchain platform focused on democratizing hotel ownership, will beta marketplace manager on Blocksquare's real estate tokenization

infrastructure. The platform allows individuals to invest in hotel projects starting from as little as $150. This low entry point aims to break down barriers for smaller investors with limited access to high-value real estate ventures. The Pyme platform facilitates investment and provides a comprehensive management solution. Investors can monitor bookings, oversee stays, and engage with hotel operations via blockchain technology. Pyme handles operational, maintenance, and marketing tasks, streamlining the management process for investors. PIME initially focuses on a hotel residence project in Kampala, Uganda, with aspirations to expand across other emerging

African markets. This strategic move aims to capitalize on the high growth potential within these regions, offering investors new opportunities in a burgeoning sector. Expanding into Africa reflects a broader trend of leveraging emerging markets for investment growth. According to the World Bank, the African real estate sector is expected to grow at a compound annual growth rate, CAGR, of 6.4% from 2024 to 2029. PIME's initiative is poised to attract attention from investors looking to diversify their portfolios and tap into these rapidly developing markets. The OceanPoint Advantage OceanPoint's marketplace pools allow tokenized real estate ventures to be created and managed within the BlockSquare ecosystem.

By submitting project proposals and gaining community support through a democratic voting process, marketplace operators can secure funding from staked BST tokens, SBST. This system fosters a community-driven approach to real estate investment, enhancing transparency and engagement. The success of the previous OceanPoint Launchpad campaign, which sold out within 36 hours, underscores the growing interest in tokenized real estate investments. This rapid sellout highlights the market's readiness for innovative investment solutions and the potential for significant returns. Upcoming Engagement For those interested in learning more about the PyME Marketplace Pool Campaign,

BlockSquare and PyME will host a Block Chat on Thursday, July 25 at 6 o'clock PM UTC. This session will provide further insights into the funding round and offer an opportunity for prospective investors to engage with the project. Blocksquare's foray into fractional hotel investments through Pymie represents a significant step in the evolution of real estate investment. As the landscape continues to shift, platforms like OceanPoint and Pyme are set to play a pivotal role in shaping the future of hospitality investments. Don't forget to like and share the story. Tip Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality,

but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening to this Hacker Noon story, but the claims herein belong to the author.