In November 2022, Meta Protocol Lab launched a Korea South, 19th Apr 2023 – beta version of “Merit,” a blockchain-based REITs project. The complete release is scheduled for the third quarter (July-September) of 2023. The app offers users with information about perceived real estate rental properties, enabling actual demanders to conveniently and securely acquire real estate brokerage services via the app.
In addition, through the token protocol that will be implemented in the future, blockchain technology can be used to document and secure contract history. With the introduction of the “Merit” app and the subsequent listing of MPC tokens on major international exchanges, Meta Protocol is poised to capture a significant portion of the market in the near future and gain widespread recognition. Additionally, MPLC is used to designate MPC on the Bittrex market, where it is listed.
Due to the recent development of block chain technology, technology introduction is being actively carried out in the real estate investment market.
Platforms based on blockchain technology are emerging for real estate investment trusts (REITs) that are prevalent worldwide. The ‘Meta Protocol’ will be offered as a real estate investment platform that uses blockchain technology to provide investors with a transparent and secure real estate investing environment.
Meta Protocol employs blockchain technology for asset distribution and storage, and smart contracts to improve the safety and reliability of real estate investments.
This allows investors to invest in real estate more effectively since transactions are carried out without the need of intermediaries and “MPC”, a token, was generated to compensate traders and investors with reasonable price.
Meta Protocol, as a function of the MPC token’s governance and community, offers a variety of utility functions, such as delivering real estate investment information, allowing investors to connect with one another, and voting on the co-investment industry.
Since 2019, Meta Protocol Lab has been developing a Proptech business with a real estate block chain project. To concurrently revolutionize the virtual asset market and the real estate market and to create a diverse ecosystem, the company has developed a meta protocol project and a block chain cluster.
“By applying Web 3.0 blockchain technology to build an ecosystem in which user participation and reasonable compensation provide a virtuous cycle, we plan to further strengthen our competitiveness as the only Web 3.0 technology-based real estate project that survives and grows while achieving a sustainable token economy system,” an official from Metaprotocol said.
According to Metaprotocol, 3 billion MPC tokens will be issued. 50%, or 1.5 billion, of this is utilized to construct ecosystems and communities, 20% for research and development to promote Web 3.0 blockchain services, 20% for securing initial operational expenditures and forming partnerships, and 10% for reserves and promotion.
Meta Protocol is actively expanding access to domestic real estate investment globally, with a focus on Korea. It is a secure and transparent real estate investing platform that makes use of blockchain technology, and it is likely to have a significant influence on the real estate market in the future.
Organization: Meta Protocol Lab Inc.,
Contact Person: Daniel Park
Country: Korea South
Release Id: 1904233175
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