REAL ESTATE NEWS (Los Angeles, CA) — First there was the $400 million dollar Bitcoin pizza, and then, more recently, $200,000 monkey art, and don’t forget the $90 million dollar white dot. What do all of these strangely huge wealth windfalls have in common? Blockchain technology, of course. Now, it’s time for something more substantial to benefit from this wild, new application of the latest computer science knowledge — and there’s hardly anything more substantial than real estate!
Today, Entar has just created its first ever real estate property Non-Fungible Token, using the Entar Coin SHA-256 blockchain. Congratulations to Leslie Selits, Scott Schenck, Harvey Liss, Mike, Don and all members of the Corey Chambers Real Estate Team, along with Entar Real Estate and Investment Technologies! The accomplishment propels real estate forward in a big way by pioneering a new method of linking a property to an encrypted, distributed blockchain ledger. This very special NFT minting method provides many new ways to tokenize, monetize, authenticate, verify, transact, share and allocate real estate ownership and finance using the latest innovative, cost-effective technologies.
Entar’s pioneering spirit led to the creation of Entar Coin in 2020, a blockchain akin to industry standard Bitcoin. Entar was created specifically to help real estate, with a focus on adding value to real estate by creating new types of digital assets, and by connecting properties to many of the newest technologies such as DeFi Decentralized Finance, smart contracts, DAO Decentralized Autonomous Organization and other rapidly emerging new blockchain developments. Blockchain-related investments have proven to offer excellent hedges and profits in today’s new environment of stagflation.
The first property to be turned into an Entar Coin NFT was the family home where the parents and grandparents of Entar founder Corey Chambers lived. A very ordinary 3-bedroom, 1-bathroom single family home in Torrance, California. Built in 1951, the home was chosen to represent the first Entar Real Estate NFT because of its common nature, being a typical post-WW2 family home in a suburb of Los Angeles. This first specimen of its kind is an exclusive, one-of-a-kind photo-oriented NFT of the simplest method.
In addition to its new technological functions and abilities, a real estate NFT is naturally collectible, and can go up in price. Some NFTs have sold for tens of millions of dollars. Because of the popularity of NFTs as an investment, a real estate NFT could potentially go up in value, quite a bit. Given the history of the exploding NFT market, in which drawings of cartoon monkey characters have sold in the hundreds of thousands of dollars, there is even a chance that a real estate NFT could conceivably rise in price to surpass that of the actual physical real estate property to which the NFT is connected. An NFT can be included with the sale of a home to add value to a home sale, or sold separately. Like other collectibles, the real estate NFT can rise or fall in value, can be held as an asset, and can be resold.
The first Entar real estate NFTs are simple, photograph-based collectibles. Entar has received orders to create two additional Entar real estate NFTs, one for a piece of raw wooded land in Northern California, and another NFT for an amazing industrial style live/work loft condominium unit in Los Angeles. Entar has plans for two types of more sophisticated NFTs, including an exclusive owner-signature NFT, and also a more involved, deed-recorded NFT.
Create an Entar real estate NFT using the form below. Request assistance at nft@entar.com or 213-880-9910. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. This is not an offer to buy or sell securities. All investments involve risk, including possible loss of principal. All information provided is deemed reliable but is not guaranteed and should be independently verified. This does not constitute financial advice. For financial advice, consult a certified financial advisor. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.