LABS Group Partners with Refinable to Exclusively Tokenize The World First NFT Resort On Its NFT Marketplace
The collaboration demonstrates real estate trading becoming more accessible and convenient, while expanding the applicability of NFT as an enabler of new commerce.
LABS Group is thrilled to announce our new partnership with Refinable, the first major NFT marketplace on Binance Smart Chain (BSC) that empowers creators and brands to affordably create, discover, trade and leverage NFTs. Under this partnership, LABS Group will be tokenizing and fractionalizing its real estate assets on Refinable’s fast, cost-effective, and simple-to-use NFT platform.
Today’s announcement reflects the explosive growth and expanding applicability of the NFT marketplace sector. According to NonFungible.com, over $2 billion was spent on non-fungible tokens during the first quarter of 2021 — an increase of about 2,100% from Q4 2020 (April 2021). The introduction of tokenized real estate on Refinable not only marks one of the first in the NFT and real estate industries, but also addresses the stigma that real estate assets are only for higher net worth individuals — and not everyone.
LABS Group’s NFT Accessible on Refinable Platform.
LABS Group has recently announced the launch of the world’s first community owned NFT resort alongside our first Rewarding Timeshare (RTS) NFT. This innovation aims to revolutionize the blockchain industry by resolving traditional timeshare and real estate pain points, bringing about unprecedented benefits such as profit sharing rights (from the resort’s operations), and staying rights, among many others.
The new resort will be fractionalized into 365 RTS-NFTs, exclusively listed on Refinable’s NFT marketplace through an auction starting mid July. This partnership with Refinable would allow users to easily list, buy, sell, and exchange real estate timeshare NFTs on its platform. It also introduces new functionalities to both parties that were previously unavailable to individual users of both platforms. More information on the property can be found here.
From an NFT perspective, this partnership represents Refinable’s commitment to expanding the functionality and applicability of NFT into a wide range of industries including financial services. Additionally, buyers from all walks of life can get easy access to purchase fractionalized Real Estate NFTs, establishing new ownership opportunities.
Through this newly established partnership, LABS Group looks forward to furthering both companies’ position in the blockchain industry, reaching new heights and inspiring new, future opportunities.
Refinable is the first dedicated NFT marketplace built on Binance Smart Chain. With investments from Binance and Mr. Beast, we are creating an accessible environment for any user, brand, and community to engage with NFTs. This means providing an ultra low cost, fast, and secure place for retail and crypto users alike.
About LABS Group
LABS Group is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.
LABS Group’s platform uses blockchain technology and smart contracts to ensure complete transparency over a borderless ecosystem where property developers and investors can interact seamlessly and with unprecedented efficiency.
Real estate and blockchain professionals have brought together their expertise to devise an ecosystem of services that make property investment more accessible, more secure, and more liquid.
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Project Page: https://gravityresortskk.labsgroup.io/