Farm NFTs allow for cost savings, says Goyas.
Goyas Fazendas, a digital rural real estate broker, will begin offering non-fungible tokens (NFTs) for parts of these properties. That way, those who dream of owning a piece of land can buy part of a farm, for example.
Real estate tokenization is already a reality in the world and in Brazil and its biggest appeal is exactly the possibility of a piece of something that can be big and profitable.
“This type of negotiation will allow people who cannot buy a whole property, because they do not have the total investment, to buy parts, quotas of that property. And so have the benefits of its acquisition, as part of the profits from the production of the land, for example”, says Givago Alvarenga, CEO of Goyas Fazendas.
According to the company, in addition to tokens allowing the purchase of part of a property, there should be a reduction in the cost of acquisition. This is because, on average, 4.2% of the property value corresponds to bureaucracy fees involved in this type of investment.
Goyas Fazendas is a real estate trading platform that supports buyers through digital means. The properties are on the platform, where information about their characteristics is also shared. The company’s focus is in the North and Midwest.