Democratization of real estate via the blockchain tokenization of assets is being redefined by token holders as something more than owning a micro-share, for as little as $50 per token, of a property.
If the portfolio is made up of 90 single-family rental houses located in several Midwestern states, holding a token also makes you a landlord, according to an offering from proptech startup Lofty AI, a tokenized real estate platform.
According to an NBC News report, Lofty AI is part of a growing trend among new digital platforms trading shares of crypto real estate assets to encourage the creation of shareholder forums known as distributed autonomous organizations, or DAQs.
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