UAE Based Blockchain LandOrc, a DeFi, NFT lending platform for the realestate industry utilizing its LandOrc Token has closed its seed round investment.
One of the biggest challenges today is bridging the USD 500 billion Real Estate Funding Gap via USD 19 billion and growing Decentralised Finance pool. While most Decentralized finance products have been based primarily on virtual assets, UAE Blockchain LandOrc DeFi lending platform, is making this available to real world assets like land, provided as a collateral against lending, provides a greater level of reassurance to the crypto investors operating on decentralised finance.
This land collateral is in the form of NFT (Non Fungible Token) with oracles bringing in other physical world data points associated to the land title on-chain.
Thus bringing greater transparency and pace for transactions via blockchain. An analysis of Ethereum wallets show that 99% of wallets are still not involved in speculative financing activity and hence would see value in land collateral based lending. A number of property developers from high interest markets in Asia and Africa have already lined up their projects for lending along with a collateral thus ensuring there is a flow of potential projects.
LandOrc opened up their platform to early stage investors on the 15th of August for them to understand the business, working of DApps (decentralised applications) and buying LandOrc (LORC) tokens.
LORC tokens are the sole means available for staking or lending on the LandOrc platform. They are available for purchase on the platform itself and decentralised exchanges like Uniswap. Thus offering investors multiple opportunities to participate in the LandOrc platform.
LandOrc’s smart contracts are all listed on Etherscan with security checked by Entersoft, an Australia based IT and Blockchain security expert.
As per the LandOrc press release the launch has been very well received by the investors. Pioneer investors have already bought the entire seed round.