Today I'd like to share with you some of our latest news.
We have updated a more powerful trading contract system, which supports more bidding methods and supports the collection of permanent copyright fees.
We support WBNB, USDC, DAI, SET and other tokens for trading, and will support more tokens soon.
We have updated the user interface and data system, and now have more and more comprehensive on-chain data.
Our GAMEPAD section is under development and will support multiple models such as blind box and Farm.
In our real estate section, our team of lawyers has already completed the legal part of the work, and the support can be sold and transferred on the chain, and the next step is the work of the business model part. In the first batch there will be more than $20 million of assets listed for trading. This will be an unprecedented commercial experiment. Possibly changing the way entire real-world assets work.
We are discussing with more IPs to issue their NFT assets on Metaer.market.
These are some of our recent developments.
In addition, let me talk about some of our views on real-world NFTization.
The global real estate market exceeds US$217 trillion, of which the total market value of real estate invest trusts (REITs) entering the world exceeds US$2.5 trillion. In 2021, residential REITs are up 46%, office REITs are up 13%, and hotel REITs are up 6%.
There is no doubt that real estate, as one of the most important assets people hold, accounts for a large share of the world's investment. It is a great value ecology.
However, the proportion of high liquidity that can be highly circulated is very small.
Mainly because of the following reasons:
The complex transaction process in the real estate market.
Regional attributes of the real estate market. Except for some large investment companies such as Blackstone and Temasek, which are making global investments, ordinary investors are excluded from the global market and can only make regional investments.
The value of the real estate market is very different, resulting in a high cost of decision-making.
Real estate is a low-liquidity market, and it is not easy to sell quickly after purchase.
However, investments in land and real estate are at the same time the favorite investments of people all over the world, rich and poor alike.
So there is a huge conflict here, but also a huge opportunity.
NFT and DAPP can provide good solutions and will also leverage this huge market.
If we use NFT and smart contracts, we can make the purchase, holding, trading, mortgage and lending of assets very easy, and this market will break the boundaries of regions and investments.
"Everyone can buy and sell houses and land anywhere" will be easily realized in the near future.
So we will make bold attempts in this area, and if it is feasible, we will quickly become the leader in this multi-hundred trillion market.