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The Nigerian State of Lagos has announced plans to tokenize its real estate market using blockchain technology. This initiative, unveiled at the Eko Revenue Plus Summit, aims to boost internally generated revenue and enhance transparency in property transactions. The project will see real estate assets in Lagos transformed into NFTs over a 16-month period, with an investment of 500 million naira. By leveraging blockchain, Lagos seeks to streamline property transactions and reduce fraud, making them as seamless as cryptocurrency trades.
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LAGOS STATE TO TOKENIZE REAL ESTATE WITH BLOCKCHAIN Lagos State is gearing up to transform its real estate market by tokenizing property assets through blockchain technology. This ambitious 16-month project, announced at the Eko Revenue Plus Summit, aims to boost transparency,… https://t.co/JzBc63xAIZ
LAGOS STATE: REAL ESTATE GETS A CRYPTO UPGRADE Lagos is dropping 500 million naira to tokenize real estate with blockchain. Over 16 months, property transactions will become as smooth as crypto trades, cutting out fraud and boosting revenue. If you’re into blockchain, Lagos… https://t.co/LQngxvI9EC
