Tokenizing Real Estate with Aqarchain: An Interview with CEO Waqas Nakhwa
Waqas Nakhwa, the founder and CEO of Aqarchain, is a revolutionary entrepreneur in the real estate industry who is dedicated to bridging the gap between web3 and traditional real estate.
By integrating blockchain technology, Aqarchain is creating a decentralized ecosystem that removes traditional barriers to real estate investing.
During UNLOCK Blockchain’s interview with Waqas, he shared his inspiration behind creating his company, “I’ve always been fascinated by the potential of blockchain technology to transform industries. When I realized that the real estate industry was in dire need of innovation, I knew that blockchain technology could be the solution. Aqarchain was born out of this realization.”
What sets Aqarchain apart from other real estate blockchain projects in the market is its unique approach to real estate asset tokenization. Aqarchain leverages blockchain technology to mint real estate NFTs and fractionalize them, making real estate investing as easy as investing in stocks.
Moreover, Aqarchain ensures the security and transparency of transactions on its platform by leveraging blockchain technology, as it provides an immutable and transparent record of all transactions, making it impossible to manipulate or alter the transaction data.
As a matter of fact, the process for listing a property on Aqarchain is straightforward. Property owners can list their properties by providing the necessary documentation and information about the property. The minimum share that can be purchased is determined based on the property’s value and the owner’s preference.
On another note, AqarLand is an exciting development in the Aqarchain ecosystem that offers opportunities for users and investors. AqarLand is a virtual world that allows users to experience the properties they invest in through virtual reality. This virtual world provides investors with a unique opportunity to see the properties they have invested in and experience them in a way that was not possible before.
In the interview, Waqas also tackles fractional ownership, a tricky space that is evolving daily while regulations are still not fully set. However, he believes that fractional ownership can be applied in the real estate industry, and blockchain technology can facilitate this by providing an immutable and transparent record of all transactions. The benefits of fractional ownership include increased liquidity, diversification, and democratization of real estate investing.
Nevertheless, managing the valuation and pricing of fractional ownership shares is challenging, particularly in a market where real estate prices can fluctuate significantly. For this reason, Aqarchain solves this problem by providing a marketplace where investors can buy and sell fractional ownership shares based on market demand and supply.
Aqarchain plans to expand its reach to a wider audience by partnering with real estate developers and other stakeholders in the industry. These partnerships and collaborations will benefit the platform by providing access to a broader audience and increasing its user base.
