A London NFT investor has announced that it is backing a North American real estate platform with $700k of funding.
NFT Investments is making the six-figure investment into Blimp Technologies Inc, known as Blimp Homes, a decentralised real estate collaboration and search platform.
The deal represents the second ever investment from NFT Investments and is being made as part of a $1m private equity fundraise by Blimp.
Blimp Homes, which is based in Canada, aims to restructure inefficiencies in the real estate market by introducing a tokenised network built on decentralised blockchain technology.
Matt Shaw, co-founder and chief executive of Blimp, commented: “The traditional real estate model is fundamentally broken.
“By empowering customers, real estate agents, and other professionals to engage in direct, peer-to-peer collaboration, we can eliminate many of the stresses, delays, and disappointments that plague the homebuying process, and we are proud to have the support of NFT Investments in our pursuit of reinventing how homes are bought and sold.”
Jonathan Bixby, executive chairman of NFT Investments, said: “I am very pleased to announce our investment into Blimp Homes and our second investment to date.
“Blimp is operating in a fast-growing area that will bring the much-needed benefits of a decentralised marketplace to the real estate sector creating more transparency and efficiency.
“This technology has wide-ranging benefits and the potential to revolutionise the house buying process and generate significant value. We are proud to invest in Blimp.”
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