As a seasoned financial analyst with a background in both traditional finance and Web3 technologies, I’m thrilled to witness Blocksquare and Pieme’s latest collaboration that aims to democratize access to fractionalized investing in real estate, specifically within the hospitality industry.
Blocksquare, a Web3-focused Software-as-a-Service (SaaS) company, unveils the launch of a marketplace for pooled investments in partnership with Pieme, a blockchain technology provider specializing in hotel investments. This innovative pool aims to broaden access to real estate investment through fractional ownership, opening up fresh prospects for the Real Estate Wholesale and Asset (RWA) sector on a global scale.
Blocksquare, Pieme announced marketplace-type pool for investing in hotels
Slovenia-based companies Blocksquare, which offers a Software-as-a-Service solution, and Pieme, known for its fractionalized investments platform, have announced the launch of their collaborative marketplace. This innovative tool, positioned at the intersection of Decentralized Finance (DeFi) and Real World Assets (RWA), aims to revolutionize retail investor participation in hospitality sector funding rounds.
Beginning on July 30, 2024, our marketplace will employ Blocksquare’s new Oceanpoint DeFi launchpad for fractional investments in the hospitality sector. This innovation enhances accessibility and brings hotel financing within reach of a broader audience.
Pieme’s customized management platform caters to a diverse group of investors seeking community-owned hotel residences, with minimal investments starting at $150. Leveraging blockchain technology, Pieme enables investors to track bookings, supervise stays, and stay connected to the industry. Additionally, the platform handles all operational, maintenance, and marketing tasks associated with the investment, ensuring efficient project management.
By Q3, 2024, Pieme will be nearing the inaugural opening of its premier hotel destination in Kampala, Uganda. With aspirations to expand into additional African urban centers, this strategic move aims to capitalize on burgeoning markets for optimal growth opportunities.
Previously reported by U.Today, starting from May 2024, Banxa, a popular crypto and fiat remittance platform, has made Blocksquare’s native utility token accessible.
Fueling real estate segment in Africa with Web3 tooling
Moving forward, Oceanpoint marketplaces on the Blocksquare platform will have the capability to establish and manage additional tokenized real estate markets.
Marketplace administrators can put forward project proposals and seek approval from the community via a democratic ballot system. Subsequently, community participants can back favored projects by allocating their staked BST tokens (sBST) towards them, which are earned through engagement in the governance platform on Oceanpoint.fi.
The Pieme Marketplace Pool Campaign presents an excellent chance for Blocksquare members to broaden their horizons into hotel businesses and profit from Africa’s thriving real estate market. Following the remarkable success of the previous Oceanpoint Launchpad campaign, which sold out in just 36 hours, this Marketplace Pool Round leverages the growing appeal of tokenized real estate investment in RWA.
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2024-07-24 16:35