How Does It Work?
Everlodge’s Real Estate NFT is fractionalized and backed by real physical properties. All real estate is inspected beforehand and is owned through an SPV (Special purpose vehicle). We aim for 100% transparency, all the contracts will be public and listed on the Everlodge Marketplace.
The NFT is broken down into fractions, allowing anyone to own real estate assets for as little as $100. Users can trade their fractions 24/7 on the Everlodge Marketplace or an Ethereum blockchain-based third-party NFT marketplace such as Opensea.
The Everlodge NFTs can be used as proof of authenticity and ownership, collateral for lending, trading in secondary markets, or as digital collectibles within the Everlodge ecosystem or Metaverse.
Each NFT is linked to an individual promissory note representing the amount invested in the property. The property does not change ownership unless someone owns 100% of all the fractions of one Real Estate NFT and wishes to transfer it. In this case, we will support the user with all the necessary steps and documents.
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