Airbnb was once the favorite of budget-conscious or adventurous travelers, as well as landlords wishing […]
Airbnb was once the favorite of budget-conscious or adventurous travelers, as well as landlords wishing to get some income from their properties. High property costs and high AirBnB fees have resulted in lower valuations for Airbnb as a new and more cost-effective strategy is needed. This is particularly evident for those who cannot afford a property of their own due to the state of the property market. Let’s see what Everlodge has to offer.
Everlodge will partner with luxury hotel chains and other property conglomerates. Hotels and high-end villas from diverse locations undergo digital transformation to become NFTs . All the necessary property particulars, deeds, and ownership details are securely kept within the smart contract’s metadata.
Picture this: A stunning beachfront villa in Bali, valued at $2.5 million, is transformed into an NFT and fractionalized into 25,000 fragments, each worth $100. If the villa’s value experiences a 15% increase, the NFT prices will also go up proportionally. A novel feature that Everlodge has to offer is that there will be a launchpad that will help and support would be property developers and allow them to raise capital. Successful projects will then be integrated into Everlodge, giving exclusive access to brand-new places to stay.
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