Over 35000 ETH to the real estate investment industry?
I notice there are now some real estate tokens available which people are buying over Ethereum. I'm in no position to say whether or not these are scams but what is the benefit of owning real estate over a blockchain? If the same real estate can be owned via REITs (real estate investment trusts) and other legal mechanisms and if those same legal mechanisms have to be done in addition to the blockchain anyway then what is the benefit of the blockchain in the instance of real estate?
That being said real estate is interesting and being able to own it is good for diversification. REITs are liquid so that one benefit of them but if a REIT was also captured into a Ethereum token would this be something people would benefit from?
This post and other posts made by me are not investment advice.