Rull Estate’s Quest to Enable Real Estate Tokenization on Cardano

Real-world assets (RWAs) tokenization is an emerging sub-sector that is garnering significant interest in the Web3 space. The term captures tangible assets or commodities that are tokenized on the blockchain and traded on-chain. According to a recent McKinsey & Company report, the RWA sector could surge to $4 trillion by 2030 in a strong bullish push. This shows its tremendous potential to be the next big thing in crypto.

However, RWA tokenization has fully been fledged on base-layer protocols like the Ethereum network. Peer-reviewed blockchain Cardano is still some distance away from being recognized as a RWA hub. This is gradually changing with the real estate RWA project Rull Estate.

In this article, we explore what Rull Estate is, its mission, and the potential to set the pace in Cardano’s RWA march in the Web3 ecosystem.

Rull Estate - Moving Crypto Into Real Estate

Rull Estate is an innovative blockchain project that seeks to revolutionize real estate investment by tokenizing physical properties like lands, houses, and estates. The platform is out to democratize access to real estate investments all around the globe by enabling anyone in any demographic region to own and earn passive income from on-chain properties seamlessly.

While it is natively built on the Cardano blockchain, Rull Estate also offers real estate tokenization services on Ethereum pointing to its network versatility.

Under the hood, Rull Estate is supported by a network of entities working together to provide a seamless real estate investment experience for users from anywhere in the world. The Rull platform provides the technical infrastructure for users to conduct transactions on-chain, while the Rull Estate enables the purchase of non-fungible tokens (NFTs) backing landed properties and the purchase of these properties. Meanwhile, Rull Investment does the groundwork and meets with property owners (called Partners) to discuss which portion of their properties should be tokenized and offered for sale or leased on the platform. This arm of the blockchain project also communicates with property owners to distribute the dividends and distribute them to their respective NFT holders through the Rull Estate platform.

How Does Rull Estate Work?

Rull Estate basically allows users to purchase NFTs backing actual real estate properties. These NFTs come with real-world returns which can be turned to any fiat currency of the user’s choice. The platform allows these NFTs to be minted on the peer-reviewed Cardano blockchain, indicating their stake in their selected real estate property.

The great thing about the Rull Estate platform is that the setup process is seamless and users can get started after registering with their email address and downloading the Rull app. Users can also fund their Rull wallet to initiate transactions seamlessly. Also, it is digital asset-agnostic which means any cryptocurrency is accepted in purchasing tokenized real estate properties. There is also the option of buying these NFTs backing properties using a credit card offering even more flexibility for users.

Dividends are only distributed to users who hold their NFTs on the Rull Estate platform and are paid in USDT. The choice of a stablecoin ensures a stable return irrespective of the crypto asset used in purchasing the NFTs. In terms of expected yield, Rull Estate offers an impressive 7% return, making this one of the most profitable real estate tokenization platforms out there.

Rull Estate does not charge any fees to its regular users. However, property owners are required to pay a fee for listing their houses and lands on the platform.

Platform Features

Rull Estate also comes with a number of notable features, including:

NFT Marketplace

Besides tokenizing real estates, Rull Estate offers an NFT marketplace where users can get their hands on unique digital collectibles. These tokenized digital works cover several industries allowing users to connect with legendary brands and personalities in sports, entertainment, and culture. Rull Estate NFT Marketplace also provides a trading platform where users can buy and sell real-world backed NFTs of their choice.

Rull Wallet

Looking to manage your fast-growing digital wealth, Rull Wallet is the key. The software wallet serves as your all-in-one portfolio management tool allowing you to buy and sell crypto and store your NFTs all in one place. Even better, it offers zero fees, fast payments, and top-notch security ensuring your digital funds are safe all the time. Rull Wallet currently supports BTC, ETH, ADA, and USDT with plans to expand further.

Users can download Rull Wallet on Google Play Store and Apple’s App Store.

Key Attributes of Rull Estate

Below are some of the key attributes of the Rull Estate project:

Massive Exposure for Properties

Rull Estate tokenization essentially provides a global exposure for real estate properties, allowing anyone to invest in them from the comfort of their homes. This serves as a great hub for crowdfunding for real estate-based projects and even property owners getting the needed traction for their products. Besides the funding, Rull Estate takes care of all the paperwork for the properties and does the marketing and promotion for property owners.

Low Listing Fee

On Rull Estate, property owners don’t just get competitive listing rates for their real estate project but a downright cheap fees. Rull Estate charges between 1% to 3% of the purchase price for each property as against 5% to 10% in the traditional marketplace. Its global market visibility makes this a no-brainer deal for property owners who seek to continuously monetize their estates.

Built on Cardano

Rull Estate’s choice platform is also something quite applaudable. Cardano, noted for its scientific approach for blockchain deployment, is uniquely positioned to help the tokenization platform to thrive. Offering untainted decentralization, stable infrastructure to build and expand, and a low-cost, high-speed environment, Rull Estate can easily facilitate real estate tokenized transactions seamlessly.

Zero Fees for Users

Building a great product also involves giving users something to be excited about and on Rull Estate, that is the zero fee policy. According to the platform, users are not charged for purchasing NFTs backing real estate investments. There are currently no plans on ground to levy any fee on users as the platform raises its funding from property owners themselves. This means, users get to keep both their investments and returns from it.

Fast Growing Ecosystem

Rull Estate’s vision is clear and that is to create an enabling environment for everything crypto. This starts with its mobile-friendly Rull Wallet that offers zero fees to its bespoke NFT marketplace and crypto payments for businesses. The blockchain project aims to be a one-stop shop for everything digital assets in the coming years.

Final Remarks

Creating a decentralized crowdfunding tool for tokenized real estate is something the world really needs. With landlocked locations and growing global tensions, many property owners are finding it difficult to attract foreign investments and stay afloat. Rull Estate addresses this need allowing anyone to own a piece of a property without physically being there.

There is also the fact that it is transparent and fully visible to all parties involved. Building on top of Cardano further exerts its veracity and points to a mega star in the real estate tokenization ecosystem. With Rull Estate, economies can basically be sustained through foreign investments minus the paperworks.