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Homeowners Will Be Able To Tokenize Their Real Estate With Algorand

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Algorand (ALGO) is falling along with the rest of the cryptocurrency market. Larger cryptocurrencies, such as Bitcoin and Ethereum, have broken below crucial support and appear to be vulnerable to more losses unless liquidity returns to current levels.

Algorand (ALGO) is currently trading at $0.76, down 3.7 percent in the last 24 hours. Higher time frames show a 20.5 percent loss in 30 days and a 35 percent loss in a year for the coin.

The Algorand ecosystem continues to grow despite recent unfavourable market movements. Vest Equity was just added to the network.

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This project, which was built as an NFT platform and runs on Algorand, aims to provide real estate owners more control over their assets. Users can tokenize a property and “simply” sell a portion of it on the marketplaces.

The platform also aims to allow users to profit from the value of their properties by converting them into tokenized digital assets. Simultaneously, Vesta Equity:

“simultaneously advancing housing affordability, economics, and frictionless investor accessibility to residential real estate.”

Vesta Equity provides consumers with access to a native marketplace that streamlines the process of trading real-estate-backed NFTs. An inventory of properties, pricing ranges, and addresses is available on the platform.

Additionally, an owner or potential investor interested in purchasing a share of the Algorand-backed NFTs can see the percentage of stock available, listed, and sold. Other aspects of the property can be seen in the photos below.