Blocksquare has teamed up with the blockchain hotel investment platform Pieme to introduce a new Marketplace Pool funding round. Starting on July 30, this initiative leverages Blocksquare’s Oceanpoint DeFi launchpad, allowing fractional investment in the hospitality sector with entry points as low as $150.
Expanding Opportunities in Hotel Investments
Pieme’s platform is designed for diverse investors interested in community-owned hotel residences. The platform manages bookings, stays, and overall hospitality operations. The first hotel residence is nearing completion in Kampala, Uganda, with plans to expand across other African cities. Pieme aims to engage emerging markets for higher growth potential.
Enhancing Blockchain Integration in Real Estate
The Oceanpoint marketplace facilitates the creation and management of tokenized real estate marketplaces using the Blocksquare protocol. Marketplace operators can submit project proposals and call for community votes by stakeholders. Members vote with their staked BST tokens, requiring at least 500 sBST to initiate a project and 100,000 sBST to unlock community support and additional APY incentives.
Security and Market Growth
Blocksquare, since its inception in 2017, has successfully tokenized $100 million worth of real estate, operating in 21 countries. The company’s infrastructure connects prospective investors with real estate managers via third-party-operated marketplaces known as Certified Partners (CPs). CPs must deposit at least 500 sBST as collateral, ensuring commitment and protecting investor interests.
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