GoKey is the latest entrant into the \u2018real\u2019 real estate sector of crypto.<\/em><\/p>\n Last week we published an article<\/a> about Lofty, a protocol running on top of Algorand that allows users to buy fractional shares of real properties using crypto. In the article, we mention the prospects of how such protocols can disrupt the real estate market. Cardano\u2019s GoKey<\/a> is throwing its hat in the ring with a similar concept.<\/p>\n It’s happening\u2026#Cardano<\/a>‘s first NFT representing real property ownership.https:\/\/t.co\/yB6gbeClIs<\/a> pic.twitter.com\/3K7tWHlH63<\/a><\/p>\n \u2014 GoKey (@GoKeyNetwork) March 13, 2022<\/a><\/p>\n Much like Lofty, GoKey has not enjoyed much mainstream coverage, but it appears we will see more and more of these types of projects launch \u2014 and it could be a taste of a new trend burgeoning. Maybe \u201cReal Estate Summer<\/em>\u201d 2022? The positive element about the prospects of this trend is that blockchain and crypto really do<\/em> have the ability to transform the real estate market, and open up doors that allow for anyone to invest from their couch.<\/p>\n Recommended:\u00a0Samsung Is Using The Cardano Blockchain To\u2026 Plant Trees?<\/a><\/p>\n As their \u2018litepaper\u2019 states: \u201cGoKey gives owners and renters of real estate the ability to create, store and transfer equity and liquidity in ways never before possible.<\/em>\u201d They seek to disrupt the 485 billion dollar rental market by unlocking liquidity in real estate by tokenizing property equity in the form of NFTs on the Cardano blockchain.<\/p>\n Of course, a lot of the viability of these projects is to eradicate the middlemen and connects sellers to buyers in a peer-to-peer fashion. GoKey also seeks to \u201cbundle\u201d all the aspects of ownership such as \u201cdeeds, titles, mortgages, leases, easements, and licenses\u201d in the form of an NFT.<\/p>\n Per the litepaper: \u201cit is now possible to efficiently and cost-effectively represent and record these valuable rights in a secure, immutable digital format (such as a \u201cbundle of NFTs\u201d), and to exchange individually tokenized rights within the \u201cbundle\u201d for specific periods of time, and amongst multiple parties, unlocking liquidity and optionality never before possible.<\/em>\u201d<\/p>\n The GoKey ($GOKEY) token, which is now live on SundaeSwap, is the native payment and utility token of the GoKey Network, \u201cdesigned to help fill the growing gap in value between rising property prices and your local currency.\u201d The token is designed to be a scarce asset that tracks the value of the U.S. housing market \u201cby continuously adjusting the total token 2\/Intro<\/p>\n The GoKey token is a type of scarce digital asset that will use stablecoin principles to link its value to a price index of US residential real estate<\/p>\n In addition, GoKey will enable the creation of a marketplace for property rights attached to participating properties pic.twitter.com\/01GTRM1RfH<\/a><\/p>\n \u2014 GoKey (@GoKeyNetwork) March 9, 2022<\/a><\/p>\n Below is an updated version of their roadmap.<\/p>\n Cardano continues to build behind the scenes and foster a community that is building protocols that are of actual utility, such as GoKey. Hopefully, these types of projects will shine a light on the real utility<\/em> crypto can provide to the average Joe.<\/p>\n Recommended:\u00a0Cardano\u2019s Recent TVL Surge Is Just The Beginning<\/a><\/p>\n<\/div>\n<\/div>\nCovered:<\/h3>\n
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Real Estate Protocols Making a Splash<\/strong><\/h2>\n
What is GoKey?<\/strong><\/h2>\n
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<\/p>\n<\/div>\nThe GOKEY Token and Roadmap<\/strong><\/h2>\n
supply at a rate proportional to a trusted US housing cost index.\u201d<\/span><\/p>\nCredit: GoKey<\/figure>\n