Telos has announced that it will partner with Dapps developer platform (decentralized applications) Katalyo to market Croatian real estate worth $ 35 million.
Telos, One of the most active blockchains in the world in terms of transactions said that Katalyo would issue two tokens for each tokenized property. A Token would represent the property’s claim to ownership and the other would be a stable coin generated through rental income.
Katalyo’s co-founder, mevica Ljubicic, called Telos “extremely suitable” for tokenizing properties and moving to blockchain could help attract more investors to the Croatian real estate market.
Douglas Horn, Chief architect of the Telos blockchain, predicted that the partnership with Katalyo could lead to an “explosion of new token projects”.
“We are at the beginning of a tokenization that will revolutionize the real estate industry.”
Telos is an intelligent contract platform This enables the creation of autonomous decentralized applications and organizations that run on EOSIO, the underlying software of the blockchain of EOS. It is the second most active blockchain after blocktivity. with more than four million users in the past 24 hours.
Tokenized Real Estate rose sharply in the early stages of the pandemic as many searched for solutions online and rose by an average price of 4.27% in April. Industry specialists such as Matthew McAuley, JLL Global Research Director, says he doesn’t think blockchain “will be as used or useful” in real estate as the hype leads us to believe.