[Hong Kong, 19 July 2024] – Coinweb, a leading Layer 2 interoperability platform, is excited to announce its integration to EstateX, a disrupter in the $300 trillion property market. This will help transform the real estate sector by leveraging Coinweb’s advanced technology to enhance EstateX’s comprehensive suite of RWA solutions.
EstateX is known for simplifying real estate investing, lending, and tokenisation of ownership. Their platform includes LaunchX, the primary marketplace for buying and listing real estate tokens, and PropXChange, a secondary marketplace for trading real estate tokens. EstateX also offers TokenizeX, a tokenisation service for property owners to offer their assets on the marketplace, and CapitalX, which provides instant and permissionless loans leveraging assets. Additionally, EstateX University offers a comprehensive real estate education series to promote financial literacy, and EstateX Pay provides a physical/virtual card asset-based payment solution for using property portfolios for everyday transactions.
EstateX has achieved significant milestones, including raising $4.5 in the highest staked ICO of 2023, achieving an average locked staking position of 75% for over seven years, and maintaining a highly engaged community of over 250k members.
Through its integration with Coinweb, EstateX will unlock numerous benefits. EstateX will issue both fungible and non-fungible tokens across multiple blockchains, optimising speed, transaction costs, and uptime. Coinweb’s technology will facilitate efficient load balancing across multiple Layer 1 blockchains. EstateX will containerise tokens using Coinweb’s wallet library, simplifying user interactions and enhancing security. With gas fee abstraction, users won’t need to hold native tokens for gas fees, streamlining the transaction process. EstateX will leverage Coinweb PACTs for secure and efficient cross-chain payments, transfers, swaps, and more. The customised reactive smart contract framework will support non-custodial staking and other functionalities, ensuring robust and dynamic platform operations.
“Integrating with Coinweb marks a major milestone for EstateX,” said Bart de Bruijn, CEO at EstateX. “This partnership allows us to provide unparalleled innovation and efficiency to our users, addressing key challenges in the real estate market and setting new standards for real estate Web3 solutions.”
Coinweb’s advanced infrastructure will enable EstateX to design, set up, and issue blockchain-agnostic tokens without the need for coding. Users can monitor underlying chains for performance indicators like gas fee prices and network speed, allowing for automatic or manual routing of token movements between different chains. This ensures consistent and reliable service, expanding EstateX’s reach and impact.
“EstateX’s vision for transforming the real estate market aligns perfectly with Coinweb’s commitment to seamless interoperability,” said Anton Roos, CMO at Coinweb Labs. “Their comprehensive suite of RWA solutions, combined with our state-of-the-art blockchain technology, will drive significant advancements in the real estate sector, enhancing user engagement and investment security.”
This integration is set to revolutionise the real estate market, providing innovative solutions that cater to the evolving needs of real estate investors, lenders, and property owners.
About EstateX
EstateX is set to revolutionize the real estate investment landscape by leveraging blockchain technology to make property investment simple, affordable, and accessible to everyone. Traditional real estate investing is often characterized by high entry barriers, limited liquidity, and cumbersome management processes. EstateX addresses these issues head-on, transforming the $300 trillion real estate market with a comprehensive suite of Real World Asset (RWA) solutions that streamline investing, ownership, and financial management.
EstateX aims to democratize real estate investing, allowing anyone with as little as $100 to build and manage a diversified real estate portfolio. By harnessing the power of blockchain, EstateX eliminates the inefficiencies and barriers that have traditionally limited access to real estate investment opportunities.
About Coinweb
The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralised applications across multiple blockchains, effectively merging them into a unified ecosystem. This innovative approach empowers developers to leverage the strengths and functionalities of each blockchain, optimising performance and versatility.
About Coinweb Labs
Coinweb Labs is the main contributor to the Coinweb protocol as well as a design and build consultancy specialising in creating custom-built solutions for decentralised applications. With a focus on innovation and collaboration, Coinweb Labs is dedicated to accelerating the development of projects within the Coinweb ecosystem.