Wincity, real estate investing has become easier and more repetitive thanks to NFTs

Real estate investing is not within all budgets. The high price and complicated management make this type of investment an activity reserved for the wealthy. Learn how Wincity makes real estate investing available using non-fungible tokens (NFTs).

This article was written in collaboration with wincity (find and more)

Wincity, a real estate investment platform

If your curiosity has made you wonder what the safest type of investment is, you’ve probably seen people tell you that. real estate is the best choice to make. However, we are quickly confronted with a harsh reality: prices are very high.

This is why the Wincity platform offers to split these investments into non-fungible tokens (NFTs). This method breaks the price barrier by accumulating funds of users to buy a good, allowing anyone to invest in the sector, while starting to receive regular pension.

Wincity wishes facilitate user access to the world of real estate by offering the possibility of participating in the acquisition of a property by purchasing an NFT.

To do this, the Wincity team will search for various properties in major French towns, then put them up for sale. a collection of NFTs to fund the acquisition. After acquiring the property, users who hold an NFT own a share of the property, allowing them to get a share of the rent every 11th of the month.

Where the project mainly stands is that it is possible to get these NFTs with Ethers (ETH), but also by credit card. The rent will then be paid to the owners of these NFTs at ETH. The annual return obviously depends on the price of the property and the rent, but this is generally estimated at about 7% per year.

Characteristics of Wincity NFTs

Wincity’s real estate -related NFTs have different levels rarely. The 1111 NFT in a classic collection is distributed as follows:

  • 1000 “Regular” quality cards;
  • 100 “Extraordinary” NFTs;
  • 10 more “Mythics” quality;
  • The latter has “Extraordinary” which is rare.

Therefore, the unique an NFT, the higher its price. Holding a card with a high level will rarely give various advantages in the upcoming Wincity game, in addition to a more attractive fee.

Plus, owning a Wincity NFT gives you a automatic access to whitelists upcoming collections, as well as an entry fee for evenings organized on the platform.

For the first benefit, Wincity also sent a physical card that represents the NFT to all its holders. Maybe the community will also have this surprise when the next product goes on sale?

Management in the hands of NFT holders

Owning an NFT from a Wincity collection allows you to participate in the votes organized on the platform.

This management will be even more important in 2023, as the Wincity team plans to extend decentralization on the platform leaving more room for the choices of its users.

A successful first sale

The first collection of Wincity NFTs was released in January 2022, and its 1111 units were quickly evacuated. This successful premiere reflected the community’s interest in the project as well as real estate investment in general.

Located in the center of the French capital, the “Paris Grande Chaumière” property now allows owners of NFTs from this collection to receive a share of the ETH rent every 11th of the month. With regular profits and the valuation of the property, the annual return is estimated at 8%.

NFT wincity

NFT Wincity of Regular rarity from the Paris Grande Chaumière collection

One of the main advantages of this investment is the value of these NFTs based on the value of the property. With the sharp decline currently faced in the cryptocurrency world, owners of Wincity NFTs still find themselves with an asset that retains its value.

Example time management of an unforeseen event

With a good start, it’s natural to hope for the same success during Wincity’s second sale. However, the second “Lille Liberté” collection should end despite a very good start.

In fact, the tenant of the commercial property that the investors had in their sights decided to exercise his right of first refusal. In short, this is the end a priority of various buyerswhich took Wincity out of the race to get the property.

But the project team was able to get back on their feet, and consulted with the community in deciding the future of the funds already collected at the time of sale. NFT owners in the collection have 3 options:

  • Get a full refund on their investment;
  • Wait a 4 month pre-emption entitlement period in the hope that the sale will not be made by the tenant;
  • Not paid so that the amount invested can be spent on the next collection.

After the management vote, the community’s final decision is on to get a full refund to be held in mid-July. The positive point is that the investment is secured in euros, which means that the amount is exchanged have the same amount as the amount invested.

An advantage for people who buy NFTs with ETH, because after the recent fall in the price of cryptocurrency, they recover the fiat currency value of their investmentnot the value of ETH.

The economic operation of Wincity

When talking about real estate investing, the first point that users are interested in is the potential gains. For those who want to invest in a Wincity asset, the first paycheck is a monthly pension in terms of rent, to be received by ETH.

It is also possible to get one of the NFTs bought. Basically, each of the tokens represents a portion of a property, they are all supported by the value of a real property.

Wincity thus offers 3 incentives for NFT holdersequivalent to 3 sources of income:

  • WinCash : the portion of rent paid each month;
  • WinCapital : the capitalization resulting from the effect of bank leverage associated with debt repayment. It is added monthly to the value of the NFT;
  • Winning Plus-Value : the increase in property value, estimated annually.

However, the condition of getting a good should be that all NFTs in a collection are sold. If it is not respected, investors will still reimbursed by Wincityand will be able to reinvest in future collections.

The future of the Wincity platform

One of Wincity’s main ambitions is development a new dimension of the project through gamification. For now, the developers have left the mystery hanging over this game, but the release of this upcoming life-size Simcity is expected for 2023.

On the same theme, want the team behind the project create your own metaverse. Investors who participate in the first sales will reap benefits when this new world emerges. NFT rarity also affects these benefits, which makes it possible to reward the users who most support Wincity.

Among the upcoming collections of NFTs, note that Wincity is preparing a new real estate investment to be unveiled in the summer of 2022. Specifically: the community then there is a chance to vote to select whether this future collection will be offered on the Ethereum or Polygon blockchain.

Finally, a special collection “History” will be sold on July 13, 2022. The latter may not be linked to a property, but may promote French culture through 3333 collectible cardsdistributed according to 4 levels rarely on the platform.

Wincity NFT card

Wincity Arc de Triomphe NFT (regular)

Wincity NFT card

NFT Wincity at the Eiffel Tower (rare)

These new active ingredients offer a right to manage multiple areas as the choice of the future city for the new collections, but they also play an important role in the upcoming Wincity game. Owning one of the properties in the History collection also provides access to a variety of Wincity events.

Getting one of these cards will be done randomly when opening a “chest” that can be purchased at all for 99 euros or the ETH equivalent. For users with NFTs from other Wincity collections, the platform distribute between 1 to 4 breasts depending on how rarely the cards are owned by the users.

Our opinion on the Wincity platform

wincity allows to link the real estate investment field to NFTs in a simple way. This platform makes it possible to democratize this market by making it more liquid, thanks to the division of an asset into multiple segments.

This platform allows anyone to take their first steps in real estate investing, from a fairly reasonable amount.

Wincity was also shooting the strength of its management decentralized fully managed by NFT holders. It proved to be doing well during the failure of the second real estate sale, where the Wincity community decided for itself which direction to take.

Wincity’s transparency and accessibility make this possible a reference in the field of real estate investing involved in the blockchain.

👉 To follow the news of the project, join the French-speaking community of Wincity on their Discord server

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This is a sponsored and paid article. Cryptoast has already performed preliminary research into the products or services presented on this page but cannot be held responsible, directly or indirectly, for any damage or loss caused after the use of a good or service promoted herein. article. Investments related to crypto-assets are risky in nature, readers should do their own research before taking any action and invest only within the limits of their financial capability. This article does not contain investment advice.

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