The crypto world is undoubtedly the most opportunistic space garnering new web3 projects that open new avenues in the financial system. Amongst the myriads of applications offered by web3, blockchain is a significant one. Blockchain’s use is relevant in a wide array of industries like healthcare, education, real estate, banking and many more. Real estate is perhaps an industry that requires investors and traders to carry out mind-numbing financial transactions; blockchain plays a vital role in this sector.
Elysia as a Real estate blockchain project gaining momentum
ELYSIA comes to the fore when we talk about the most emerging and successful real estate blockchain projects. This token is regarded as Asia’s first DAO LLC blockchain project used for tokenization and securitization in real estate. Since its launch, the token has received acclaim from the crypto community. According to CoinCapMarket data on 16th August 2022, its price surged to 22.7% within 2 hours. The circulating supply accounts for over 3,231,133,910 EL coins.
ELYSIA’s prime objective is contributing to the digitization of real-world assets through incentives and technology. Its ecosystem hosts many token economies that consider real estate tokens by using third-party Dapps like decentralized finance. The token’s ecosystem is gradually widening as the asset token demand increases.
Primary approach driving Elysia’s operation
The Elysia DAO operates by generating smart contracts on the Ethereum network. Users get a chance to create unique representations through tokens by combining the value and data of their real estate assets. Tokens used in the ecosystem are associated with property details like ownership stake, current price, and legal obligations.
On gaining approval from the governance body, the holders can transfer their tokens to the secondary market for sale. Elysia’s ecosystem is made in a way that sets provisions to provide scope for decision-making or gaining access to reward processes both offline and online.
If we study the token’s primary goal, it reveals that applying blockchain technology to create real estate digital assets will further help in digitally contributing to the pricing, distribution, issuance and exchange of real estate assets.
DAO tokens gaining the crypto community’s support
DAOs are critical components of the web3 landscape, and anyone interested in developing solutions in present-day consumer-centric environments should consider a DAO. The DAO tokens leverage the blockchain for offering voting rights to people on a specific blockchain. A prime advantage of those participants in a company’s DAO is that they can exert their stake in that organization.
Transparency and decentralization are vital to the crypto platform, which is adequately addressed by the DAO tokens. It seems DAO tokens like Elysia will acquire the goodwill of the crypto investors and help the crypto community by developing emerging new projects on their blockchain.