The Rise of Real Estate Into the Digital World

Ever since the real estate market has been an attainable goal for us, the idea of the traditional asset was tainted with tons of barriers, limitations, and slow procedures. The disappointment left us with a sour taste in our mouth, while these investments are great for diversification for both personal and commercial investors, it wasn’t viably attainable by all of us.

We thought to ourselves, what can we do to liven up the rusty old financial machine that real estate has become. Is there a way for us to provide everyone access to this market? An entry way to something only the rich elite used to be able to afford?

With our avid interest in blockchain technology, we saw the potential crypto had in tearing down the old market, and building it anew.

We have the tools, we have the foundations ready, and so we became determined to redefine real estate into a stable, secure, and accessible resource for all, not just for some. Why should this only be limited to those with large budgets, to those that know the market and the relevant laws, and exclude those that are foreign? Let’s give all those interested in real estate access to it, and strive to provide 100% transparency and control over their investment and ownership. This is where our Terra Land dream was born.

Our mission:

• Let’s innovate these assets by providing amazing utility and liquidity for any market sentiment. This is especially crucial in the event of an expected bear market. We want a stable and consistent product.
• Let’s bridge the gap between the traditional market and the digital world. We see the big gap between these two seemingly separate universes, grounding crypto into real assets is essential, not just mirroring or following them. Only with this, we can truly raise the security and lower the risk, helping global adoption of blockchain technology.
• Let’s give users complete sovereignty over what they own. This is the founding principle for all of crypto. Independence, sovereignty, free to make decisions on what, how, when, and where?

With that in mind, our product, with inherited access to services, was created! First up, we lined up an exciting offer for the first fundraising. Located in Alicante, Spain, the Mar de Pulpi unit is located in the heart of the Mediterranean oasis. This was the perfect first offer, while on the cheaper side (to not overextend our own expectations as to the success of the first fundraising) it was an amazing place it terms of price to value, with great micro- and macro-economic forecasts and a good consistent expectation of Net Rent Income, with potential for increase in value with all the continued development in the local area.

The fundraising went as well as we expected, within 3 days the property was fully funded, and so our financial and legal process began. While the legal process is boring to describe (lots of papers, documents, signing, general disappointment waiting for bureaucracy…) we have paved a legal highway for ourselves for purchasing Spanish properties in the future.

16 of February, 2022. This is the day to remember it all by, the notary deed was officially signed, and the property belonged to Terra. A historic day! As per our main mission, we have innovated real estate, turning it from being old a rusty, to a brand new, accessible-to-all investment tool for Terra users and beyond. That gap between the traditional world’s largest asset class and the digital world of crypto has been bridged, physical properties can not only be bought and owned through blockchain, but have proof of its ownership embedded into it for all eternity. We met two of our missions, yet we felt dissatisfied regarding the third mission; the users have complete sovereignty over their ownership, yet for us it implies freedom to decision making. To make decisions in a group of collective owners, you need communication, and a fair voting system, and this is where our governance platform comes in handy. An open and fair system, where every voice is heard.

To commemorate having achieved a Terra first, we decided to give back the community that supported us throughout our joint journey! Ten commemorative and unique NFTs, based on Mar de Pulpi, were minted and sent to the top 10 biggest fund providers. We also printed the NFTs in collage format for Mar de Pulpi, so all future users know what we as a community have achieved, physical property on the blockchain!