{"id":442294,"date":"2022-05-05T12:17:30","date_gmt":"2022-05-05T09:17:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chainlink-set-to-power-latin-american-real-estate-platform\/"},"modified":"2022-05-05T12:17:30","modified_gmt":"2022-05-05T09:17:30","slug":"chainlink-set-to-power-latin-american-real-estate-platform","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chainlink-set-to-power-latin-american-real-estate-platform\/","title":{"rendered":"# Chainlink set to power Latin American real estate platform"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a39e43f47e96\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a39e43f47e96\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/chainlink-set-to-power-latin-american-real-estate-platform\/#%E2%80%9D_Chainlink_set_to_power_Latin_American_real_estate_platform_%E2%80%9C\" >&#8221; Chainlink set to power Latin American real estate platform &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Chainlink_set_to_power_Latin_American_real_estate_platform_%E2%80%9C\"><\/span>&#8221; Chainlink set to power Latin American real estate platform &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNjI5ODhiNDUtN2M4ZS00Y2YwLWI4YTctMTdkNWY5NTU4ODg1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>The tokenization of global property markets has been an ambitious goal of the blockchain space, and decentralized finance (DeFi) could offer a novel solution for the sector to pick up the pace.<\/p>\n<p>Decentralized oracle network Chainlink\u00a0is set to power a tokenized real estate platform serving the Latin American property market. LaProp will allow investors to buy tokenized shares in various real-world properties, which will yield a percentage of income from rental payments.<\/p>\n<p>LaProp will look to leverage Chainlink Keepers\u2019 node operators\u2019 track record in securing billions of dollars invested in DeFi markets. The decentralized automation service carries out tasks for smart contracts on the BNB Chain and, in this instance, will automate secure rental payouts to token holders. <\/p>\n<p>The platform intends to give retail investors the ability to gain exposure to real estate, which would otherwise be inaccessible due to a large amount of capital historically required to enter property markets. <\/p>\n<p>Chainlink\u2019s ability to handle smart contract functions will see rental paid by tenants automatically distributed to multiple token holders of the given property. Payment terms and schedules can also be edited per property.<\/p>\n<p>The idea of tokenizing real estate ownership is not novel, but the promise of a tried-and-tested service to manage rental payments and property ownership has the potential to attract renewed investor interest.<\/p>\n<p>Dreams of blockchain-powered real-estate ownership were looking shaky almost a year ago, as a handful of tokenized real estate projects that laid the groundwork for this realization hit turbulence. This led to industry experts casting aspersions\u00a0on the future integration of the sectors.<\/p>\n<p>While other industries have seen blockchain-powered platforms and services flourish, the tokenized real estate market is yet to boom, with just a handful of operating platforms that allow users to acquire ownership of the property through tokenized shares.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Weiss Ratings issues warning over crypto mortgage risks<\/em><\/strong><\/p>\n<p>The closest solution to LaProp\u2019s Chainlink-powered platform is Web3 business solution Lofty AI. As Cointelegraph previously explored, Lofty AI gives users the ability to invest in listed properties and gain shared ownership. This provides access to governance decisions and a share of rental income \u2014 much like LaProp intends to provide.<\/p>\n<p>\u201cProptech\u201d firm Propy grabbed headlines early in 2022 as its own token saw significant gains. The firm facilitated the first sale of a property nonfungible token (NFT) in the United States for 210 Ether (ETH), powering the first-ever property NFT auction. It saw TechCrunch founder Michael Arrington\u2019s apartment in Ukraine\u2019s capital of Kyiv sold.<\/p>\n<p>Other projects have focused on helping prospective property investors gain access to finance through their cryptocurrency holdings. In January 2022, fintech startup Milo launched a service that gives users access to 30-year mortgages by leveraging Bitcoin as collateral against the loan. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/chainlink-set-to-power-latin-american-real-estate-platform\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Chainlink set to power Latin American real estate platform &#8220; The tokenization of global property markets has been an ambitious goal of the blockchain space, and decentralized finance (DeFi) could offer a novel solution for the sector to pick up the pace. Decentralized oracle network Chainlink\u00a0is set to power a tokenized real estate platform&#8230;<\/p>\n","protected":false},"author":1,"featured_media":442295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvNjI5ODhiNDUtN2M4ZS00Y2YwLWI4YTctMTdkNWY5NTU4ODg1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75167,74868,97495,76853,74355,117,71226],"class_list":["post-442294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-chainlink","tag-defi","tag-integration","tag-latin-america","tag-adoption","tag-business","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=442294"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/442295"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=442294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=442294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=442294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}