Briky Land
  • BRIKY LAND
  • Technologies
    • Overview
    • Token standards
    • NATIVE LAND
      • Real Estate Tokenization
      • Marketplace
      • Governor
    • BRIK
      • Supply distributions
      • Treasury and Liquidation
      • Auction
      • Staking BRIK, Receiving BRIKI
    • Contracts
      • Auction
      • Collection (NATIVE LAND)
      • GovernorHub
      • Marketplace
      • PrimaryToken (BRIK)
      • StakeToken (BRIKI)
      • Treasury
  • Future Works
    • Upcoming features and products
    • Roadmap
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  • NATIVE LAND
  • BRIK

BRIKY LAND

Official Briky Land Documentation, last updated August 2024

NextOverview

Last updated 6 months ago

Real estate has always been one of the most valuable asset classes globally. By 2024, the real estate market is expected to hit a staggering value of 634.9 trillion USD worldwide and is anticipated to grow at an annual rate of 2.77% (CAGR 2024-2029), resulting in a market volume of 727.8 trillion USD by 2029. However, so far, this market has never reached its peak potential due to several restraints including:

  • The high-value nature of this kind of asset prevents investments from people with limited capital.

  • Regulations of some governments and countries complexify cross-border real estate trading.

  • The traditional real estate trading process takes a lot of time for administrative procedures and usually involves significant intermediary costs, ranging between 5% to 10% of the asset value.

Acknowledging these constraints, Briky Land, an on-chain real estate ecosystem, is born to be a direct breakthrough solution to the aforementioned problems. Utilizing the advanced technology of Blockchain to securitize and tokenize your real estate as NFTs (Non-Fungible Tokens) that can be easily traded worldwide, Briky Land is expected to become the future standard of the real estate market.

The key values of trading real estate on the Briky Land platform are decentralization, globalization, simplification with minimum investment value, low intermediary cost, and low latency. The path of technology that Briky Land is building up can lead to many innovative fintech leaps in real market making and borrowing/blending with real estate mortgages.

NATIVE LAND

Native Land is an on-chain ERC-1155 Non-Fungible Token collection. Each real estate property in the Briky Land ecosystem will be securitized and tokenized into a unique set of tokens in the collection. Trading fractionalized real estate with Native Land NFT provides innovative advancements: cross-border market, high liquidity, wide-ranged investment value, minimized intermediary fee, etc., and numerous fundamental benefits from Blockchain and Smart Contracts.

BRIK

BRIK is an ERC-20 token that will be the major cryptocurrency to exchange in Briky Land's ecosystem with multiple exclusive incentivizations. Besides the ordinary functions following the standard, its tokenomics includes public offering by Auction, liquidity Treasury, and a stake token BRIKI.