🍀Project Background

1) Background

The project originated from the concept of simplifying traditional real estate processes, specifically title deeds. One of the globally discussed issues is whether physical assets can be simplified and made tradable. Today, we live in an era where such possibilities can be explored and addressed. Blockchain is one of the technologies capable of resolving issues on a global scale.

The name "Solid Estatefy Token," with the ticker SEYT, naturally conveys the idea of digitizing solid (real) assets and real estate (estate) into a digital form (-ify). It represents an innovative platform that digitizes actual real estate assets and transforms them into NFTs.

2) Necessity

SEYT introduces a new concept that bridges digital and physical assets by integrating NFTs with tangible real estate. This approach enhances transparency in real estate transactions and offers opportunities for ownership fractionalization, decentralized trading, and increased liquidity.

• Tokenization of Real Estate Ownership: By leveraging NFTs, real estate ownership can be divided into multiple digital tokens, providing opportunities for small-scale investors to participate in real estate investment. This approach increases accessibility compared to traditional real estate investments.

• Enhanced Transparency: Since NFTs are blockchain-based, transaction records are immutable, allowing legal documentation processes related to ownership transfer to become more transparent and efficient. This contributes to reducing opacity in the real estate market.

• Increased Liquidity: Real estate markets are generally low in liquidity. However, by fractionalizing ownership and enabling transactions through NFTs, real estate can become a more readily tradable asset, potentially boosting market liquidity.

• Legal and Regulatory Challenges: In many countries, legal regulations or frameworks regarding the integration of NFTs with real estate are currently unclear. Additionally, discussions are necessary to determine the validity and legal recognition of converting physical real estate ownership into NFTs.