The project aims to tokenize and offer NFT, Metaverse solutions of over $8 billion dollars for travel and tourism.
The idea of real estate tokenisation came into public awareness when Michael Arrington purchased the world's first blockchain-backed apartment on Propy. The apartment was sold for 36 ETH.
The scale of property and tourism is being taken on a scale not seen before. The first luxury tourism resorts, hotels and properties to be digitised were in Vietnam. A Singapore based start-up is creating a token marketplace and platform that is tokenising over $8 billion dollars worth of properties at the very launch.
All aspects of property development, including purchases, lease, land use and related tourism entertainment, will be tokenised into an international blockchain-powered platform. It wants to connect the people around the world with the best of property tech and smart tourism premium experiences from resorts and cruises.
The company is all about something. A pioneer in smart tourism and real estate, LynKey was created by a team of international industry personalities. The platform offers an exclusive reward system for its users, as well as timesharing, prepayment, and licensing of property-based experiences geared towards tourism.
With a global token marketplace and community, LynKey efficiently overcomes the need for non-necessary intermediaries, empowering its users to explore the ecosystem that offers real-time solutions and soon, also metaverse experiences.
We are creating clear digital transformation solutions for the travel and entertainment space with smart tourism and property tech that can help these industries in new solutions to empower these global industries. The founder and non-executive Chairman of LynKey said that the company connects the global audience with a platform and token that empower anecosystem for time-sharing using NFTs as a digital certification and reward solutions at premium luxury tourist spots.
Miss Cindy Tran commented that Covid challenges in the tourism and travel industry persist despite globalization. NFT technology can address and resolve these issues. Most global travellers have to deal with local currencies, lack of transparency in buying or leasing property, and losing money to high exchange fees. Many of the issues will be solved by a consolidated marketplace and token solution.
While property businesses, companies, and cities need potential clients to thrive themselves, there is also a dire need for this industry to catch up with current technological advances.
By the end of 2021, global tourism is expected to reach a $1.3 trillion mark.
The first properties and resort projects will be announced in the first quarter of 2022.