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SliceSpace: Delivering Real Estate Ownership to the 21st Century

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SliceSpace: Delivering Real Estate Ownership to the 21st Century

July 29
20:30 2022
SliceSpace is reimagining the future of commercial real estate by creating a platform where anyone can be a real estate owner.

The real estate market has been on the upward swing for a while now. This situation has made it almost impossible for the average person to own a piece. In fact, popular belief now has it that real estate investment is only for those who have a ton of disposable income at hand. It is this narrative that SliceSpace is set to change.

SliceSpace is a real estate ownership marketplace on the Algorand blockchain that allows individuals and professionals to cherry-pick commercial properties to own. Thanks to this real estate fractionalization, people can own part of the buildings they live in, or work in, or even their favorite venues for just a few dollars. Users can then earn money through rent distributions and appreciation. Commercial building owners can list tokenized versions of their properties to SliceSpace and tap into the liquidity it provides.

 

Unlike other real estate ownership platforms, SliceSpace’s barriers to entry are incredibly low as all one needs is a few dollars to get started. However, SliceSpace takes the time to vet all of its properties to ensure users are getting access to high-quality real estate assets.

By tapping into Web3 technologies, SliceSpace can facilitate fractionalized real estate ownership and daily rent payouts to users. The platform also allows for a liquid market on the backend, allowing individuals to have constant liquidity in their real estate assets. In contrast to its competitors, anyone can buy slices in SliceSpace, and ownership can be attained for $10 or less.

SliceSpace generates revenue on the listings, sales, and trading fees of its properties through the use of the Algorand blockchain. Properties on the SliceSpace marketplace typically will range from $20 million to $300 million. SliceSpace then takes a fractionalized share of these properties–typically a share in the $1 — $10 million range–to make them available to users.

 

So, a commercial real estate owner can put part of their building up for sale on SliceSpace, while still maintaining majority ownership. However, unlike traditional real estate platforms, owners don’t directly list their properties on SliceSpace. Instead, SliceSpace takes the time to vet all property owners with the help of institutional liquidity providers to ensure they’re the right fit. If they are, SliceSpace will then acquire the equity, and then establish a secondary market. SliceSpace is extremely selective about the properties it offers users, only focusing on high-tier properties that normally wouldn’t be accessible to the average individual. The company is looking to onboard 100 properties in the next two years.

Individuals can purchase slices of commercial real estate on SliceSpace with crypto or fiat currency. This makes SliceSpace a dynamic option for those who are interested in owning commercial real estate but are still new to the crypto world and might be more comfortable using fiat currency to get started.

Visit slicespace.com to learn more about the company and its offerings.

Media Contact
Company Name: SliceSpace
Email: Send Email
Country: United States
Website: http://www.slicespace.com

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