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With new technological innovations emerge new business models
The expansion of shared economies is forecasted to reach $335 billion by 2025 (PWC research)
With younger generations facing the reality that purchasing a property is steadily becoming an out-of-reach dream, an unprecedented increase in the number of individuals opting for property rentals is projected. With a multitrillion real-estate rental market and a $14B global property management market, the merging of real-estate with blockchain and crypto creates high potential opportunities.
As seen in 2021 through the impact of next generation projects, consumers are pivoting from fully centralized platforms to more decentralized ones that offer added value and less costly streamlined processes.
The current heavily centralized nature of the Proptech (property technology) industry makes it perfectly suited for blockchain-modernizing technologies, and this is where Rentible seeks to take a disruptive position.
One of Rentible's unique advantages is its appeal to the growing high-value user base of early adopters and digital currency enthusiasts, and the more mainstream "less-informed" looking to shift their transactions from Fiat to digital currencies.
The adoption rate of blockchain wallets has been steadily growing, almost doubling over a year, and with corporates like PayPal, Visa, and Mastercard making digital currencies more accessible to mainstream audiences, these numbers are expected to grow substantially over time.
Early adopters are a consumer demographic consisting of tech-savvy, broad-horizon individuals dedicated to advancing the integration of Blockchain technology and decentralization into mainstream business models.
Landlords looking to get into the digital currency space and tenants looking to benefit from access to increased protection of their cross-border transactions at lower costs than market average.
As a properties dApp at its core, Rentible also aims to develop a first-of-its-kind marketplace for trading metaverse real estate properties across different worlds, enabling participants to manage ERC-721 backed real-estate assets on the Blockchain.