Open Property

Part-ownership simplified

Owning property in the modern world is becoming more unattainable as the years go by. If you are unable to own a property outright then the only options left are to get into the property space through some form of REIT but then you merely own a share of a bundle of properties and not a property itself. The next best thing is to enter into a part-ownership model but this becomes difficult to govern and once tied in it becomes almost impossible to sell your share.

This is where Open Property makes use of the power of NFT's and smart contracts to make property ownership simpler, more afforable and allows everyone the ability to own some property.

In a nutshell?

We store property titles in custody and issue NFT representations of the property. The NFT holders are able to govern the use of the property through smart contract voting and when the owner decides to dispose of their ownership they can list their share of the property on the marketplace. Since the title never leaves custody the property is kept safe and the ownership can be verified without any dispute through the NFT representation.