The Good Tech Companies - Miracle Estate Breaks Ground on Project Aimed At Solving Cyprus’s Real Estate Challenges With NFTs

Episode Date: October 15, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/miracle-estate-breaks-ground-on-project-aimed-at-solving-cypruss-real-estate-challenges-with-nfts. A hotel and residence complex, powered by Miracle Estate’s cutting-edge utility NFT strategy, is set to revolutionize real estate investment in Northern Cyprus. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #phoenic-hera, #btcwire, #press-release, #phoenic-hera-announcement, #nft, #real-world-assets, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com. A hotel and residence complex, powered by Miracle Estate’s cutting-edge utility NFT strategy, is set to revolutionize real estate investment in Northern Cyprus. The project is slated for completion in 2027, with groundbreaking scheduled for October 11th. Investors who purchase NFTs to participate in the project will enjoy free stays throughout the year and access to all hotel amenities. As part of the project, Miracle Estate plans to invest a portion of its revenue into Phoenic Token.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Miracle Estate breaks ground on project aimed at solving Cyprus' real estate challenges with NFTs by BTC Wire. A hotel and residence complex, powered by Miracle Estate's cutting-edge utility NFT strategy, is set to revolutionize real estate investment in northern Cyprus. Investors who purchase NFTs from the FENIC HERA project will be able to track their returns from the hotel's income and its facilities in real time via the Miracle app, all while enjoying a stay at the hotel and benefiting from the project's many additional amenities. The project is slated for completion in 2027,

with groundbreaking scheduled for October 11. The highly anticipated groundbreaking ceremony for the new hotel and residence complex, FENIC HERA, in northern Cyprus took place on Friday, October 11. Miracle Estate, a subsidiary of Miracle Technologies Group, which develops asset-backed blockchain projects, decentralized finance solutions, and mobile POS technologies, has laid the foundation for its new hotel and real estate project, FENICARA, powered by blockchain and advanced technological infrastructure. The real estate project, which will feature a hotel and residence complex, will be located in northern Cyprus, just 50 minutes from the airport and 60 minutes from two major city centers. Investors who purchase NFTs to participate in the project will enjoy

free stays throughout the year and access to all hotel amenities. They will also earn rewards from the hotel's operations, trade their NFTs, and acquire FENIC token, the native token of the Miracle ecosystem. As part of the project, Miracle Estate plans to invest a portion of its revenue into FENIC token to enhance the benefits for NFT holders. Located in one of the most valuable investment areas the complex will be built in the heart of a region that has been consistently recognized by Forbes magazine as one of the most valuable investment areas in northern Cyprus since 2021. As part of the FENIC token strategy, the project offers a cost-effective alternative to the rising housing prices and shrinking real

estate investment opportunities in the area. The groundbreaking ceremony, held on Friday, October 11, marked the official start of the project. Greater than, we are breaking new ground in both the physical and digital worlds, said Greater Than Hakan Torhan, CEO of Miracle Cash and more. By converting our hotel and real Greater-than-estate project in northern Cyprus into blockchain-based utility NFTs, we offer greater-than-investors comprehensive benefits. Those who acquire utility NFTs from the greater-than-hotel project will also become FENIC token holders, investing in this greater-than-growing ecosystem and gaining usage

rights in both the hotel and residence greater-than- greater than projects. FENIC token is more than just a token. It is the fuel behind groundbreaking projects like this one. As part of the FENIC ecosystem, it powers a new generation of digital currencies and asset-backed investments, allowing Holderstow tap into unique ventures and strengthen their positions in the evolving market. Turning real-world assets into utility NFTs in the real estate sector, the construction process for the project, which is expected to generate $600 million in benefits, is planned to be completed within three years. N greater than N Hocken Torhans shared, once the project is complete, investors will be able greater than to enjoy all the services of this hotel complex for free every year.

They will greater than track their reward streams in real time through the Miracle app, and thanks to greater than the financing provided by products like Node, Leveler, and Exchange, which greater than power the Miracle ecosystem, investors can make real estate investments at greater than more advantageous prices. Miracle Technologies Group will also invest in greater Than Phoenix Token, a utility token. This groundbreaking ceremony is the strongest greater than proof that we are playing a pioneering role in the intersection of the real greater than estate and blockchain sectors, transforming real-world assets into utility greater than NFTs. Hakan Torhan, CEO of Miracle Cash & More, also emphasized that Miracle Estate is the

real estate and tourism-focused subsidiary of Miracle Technologies Group, a global leader in blockchain technologies. Torhan concluded his remarks by stating greater than, In May 2024, we announced that we would launch a blockchain-based hotel and greater-than-real estate project in northern Cyprus, a region known for its real estate and greater-than-tourism projects. With the groundbreaking ceremony in the first days of the greater-than-fourth quarter of the year, we reinforced our belief that projects capable of greater-than-overcoming regional and cyclical challenges can emerge from the intersection greater-than-of traditional sectors and new technologies. FENIC token, which is not an greater-than-ordinary utility token, which is not an greater than ordinary utility token,

powers unique projects across the Miracle Technologies greater than ecosystem and can be accessed via various exchanges. Investors who purchase greater than the FENIC HERA Hotel NFT can easily benefit from the project, including the greater than option to acquire additional FENIC tokens. For more information about FENIC HERA, visit www.fenichera.com. Tip This story was distributed as a release by BTC Wire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.