Blockchain digital tokens, How the Metaverse can power the physical world through property investment using Lynk Tokens

Lynk property tokens

We take a look at Lynkey‘s new property investment plan using the Metaverse and NFT’s to power the future of the tourism industry.

The use of Blockchain and Bitcoin has spread across the world rapidly, especially now with the anticipated release of Metaverse and the creation of an NFT marketplace. This idea was already showing up in 2020 as US property investors made 2.2 bn USD worth of property between Texas, New York, and California available to buy via Tokens. This currency is far more useful in the real world than many believe, as companies continue to make more and more items or property available to buy for tokens.

The idea of real estate tokenization first made its appearance to the public when Michael Arrington, founder of TechCrunch, purchased the world’s first blockchain-backed apartment in Kiev via Propy in 2017. Following this, in 2021 he then sold the apartment for 36 ETH, showing that property in the physical world is now something that can be bought with token currency.

A new company that has decided to tackle this marketplace is LynKey, a Singapore- based smart tourism and Property tech start-up that are creating a blockchain-powered token marketplace and ecosystem to power luxury resort and vacation property with Blockchain, AI, NFTs, and Metaverse tech. Their launch plan includes a project aiming to offer NFT, Metaverse solutions of over 8 bn USD worth of properties. The aim of this is to take digitization of property and tourism on a scale not seen ever before.

LynKey’s objective is to tokenize all aspects of property development, purchases, land use, leases, and related tourism entertainment. It envisions connecting people around the world with the best of property tech and smart tourism premium experiences from resorts and cruises with NFTs and Metaverse AR and VR solutions. With a global blockchain token marketplace ecosystem and community, LynKey efficiently overcomes the need for non-necessary intermediaries, empowering its users to explore the ecosystem that offers real-time solutions and soon, also metaverse experiences.

Dinis Guarda, founder and non-executive Chairman of LynKey comments “Using NFTs and Metaverse solutions with AI data-driven protocol sets, we are creating clear digital transformation solutions for the travel and entertainment space with smart tourism and property tech that can help these industries in new solutions to empower these global industries. LynKey connects the global audience with a Blockchain-powered platform and a token that empowers an ecosystem for time-sharing using NFTs as digital certification, and reward solutions at premium luxury tourist spots,” 

Following the pandemic, the property investment and tourism industry could use companies like Lynkey as property businesses and cities need potential clients to thrive, there is also a dire need for this industry to catch up with current technological advances.

For many, this new advancement in investment cuts out the middleman and makes the entire process more transparent as it becomes a one-to-one process. Both parties would be able to see all digital proof of transactions and know exactly who needs to pay for or owns assets. So Lynk tokens make buying property or investing in resort developments an easier process on both sides.

Read More:

Token investments may save you money, mainly due to the fact there are no custom laws set on cryptocurrency as it is unrecognized as legal tender on national levels at present. Cryptocurrencies by their very nature are not subject to the exchange rates, interest rates, transactions charges, or other levies imposed by a specific country. There is always a risk of course with investments that your token value may decrease.

Looking at the market at present, however, It is easy to predict that token values in this area will only increase as following restrictions being lifted and borders opening, the public is keen to travel and make up for the lost time.

Click here to discover more of our podcasts

For more news from Top Business Tech, don’t forget to subscribe to our daily bulletin!

Follow us on LinkedIn and Twitter

Erin Laurenson

Multimedia Content Producer for TBTech

How E-commerce Marketers Can Win Black Friday

Sue Azari • 11th November 2024

As new global eCommerce players expand their influence across both European and US markets, traditional brands are navigating a rapidly shifting landscape. These fast-growing Asian platforms have gained traction by offering ultra-low prices, rapid product turnarounds, heavy investment in paid user acquisition, and leveraging viral social media trends to create demand almost in real-time. This...

Why microgrids are big news

Craig Tropea • 31st October 2024

As the world continues its march towards a greener future, businesses, communities, and individuals alike are all increasingly turning towards renewable energy sources to power their operations. What is most interesting, though, is how many of them are taking the pro-active position of researching, selecting, and implementing their preferred solutions without the assistance of traditional...

Is automation the silver bullet for customer retention?

Carter Busse • 22nd October 2024

CX innovation has accelerated rapidly since 2020, as business and consumer expectations evolved dramatically during the Covid-19 pandemic. Now, finding the best way to engage and respond to customers has become a top business priority and a key business challenge. Not only do customers expect the highest standard, but companies are prioritising superb CX to...

Automated Testing Tools and Their Impact on Software Quality

Natalia Yanchii • 09th October 2024

Test automation refers to using specialized software tools and frameworks to automate the execution of test cases, thereby reducing the time and effort required for manual testing. This approach ensures that automation tests run quickly and consistently, allowing development teams to identify and resolve defects more effectively. Test automation provides greater accuracy by eliminating human...

Custom Software Development

Natalia Yanchii • 04th October 2024

There is a wide performance gap between industry-leading companies and other market players. What helps these top businesses outperform their competitors? McKinsey & Company researchers are confident that these are digital technologies and custom software solutions. Nearly 70% of the top performers develop their proprietary products to differentiate themselves from competitors and drive growth. As...

The Impact of Test Automation on Software Quality

Natalia Yanchii • 04th October 2024

Software systems have become highly complex now, with multiple interconnected components, diverse user interfaces, and business logic. To ensure quality, QA engineers thoroughly test these systems through either automated or manual testing. At Testlum, we met many software development teams who were pressured to deliver new features and updates at a faster pace. The manual...