invezz.com
Foundation, the flagship NFT real estate investment project, is disrupting the industry via blockchain and Web3. It has launched the $Foundation token, which will yield huge returns to holders of crypto and NFTs, Invezz learned from a press release.
Early investors in Foundation are the Founders Club, an elite innovator group that wants to combine high-quality property development with blockchain technology. Their investments will build a real estate property investment fund to finance properties in South Florida.
NFTs expected to raise $7M
The project’s 7,777 NFTs are expected to raise $7 million. Each transaction will take place on the Ethereum Mainnet with a counterpart digital asset. Funds will be sent to a wallet to buy luxury real estate and converted to USD to ensure safety. This will mark the beginning of real estate development.
Budget to deliver is $3M per home
Foundation’s main goal is to finance the construction of two luxury homes. They estimate that construction will cost $2 million, and the land will cost $1 million. The finalization budget will be $3 million per home.
Profit at least $1M per home
The homes will be built in around a year and a half, after which they will be sold. Supply and demand will set the selling price, which will be between $4 million and $4.5 million on average. The net profit is anticipated to be at least $1 million.
After the successful sale, the builder will get 15% of the profit in their wallet, then reinvest the funds. Benefits to NFT holders will include:
- Real estate acquisition and development
- Private member world-class parties
- Luxury custom homebuilding insider access
- Exotic vacations in Bali, Ibiza, Monaco, South Africa, Dubai, Italy
- Whitelist access to all future mints and project launches
- Consistent and real-time education on stable markets and real estate investments
- Real estate investors’ annual metaverse event
- Yearly mastermind
Foundation’s target is to build and sell one luxury home a year. With community growth, a myriad of homes will be built each year. Ultimately, they want to become a luxury home-building leader worldwide.