Telos expands blockchain capabilities with a new way to invest in Croatian vacation properties via developer Dapp Katalyo
Telos, one of the most active blockchain platforms in the world according to Blocktivity and CryptoDiffer, has announced that the code-free Dapp development platform Katalyo will use the Telos blockchain to tokenize real estate in Croatia. With a total value of around 30 million euros, the properties are located on the Croatian coast, one of the most beautiful places in Europe to live and visit.
Several Croatian real estate portfolios will be tokenized on the Telos blockchain, with token holders receiving dividends in the form of fiat-based stablecoins generated from rental income. Two tokens will be issued, one representing ownership of real estate and the second a stable coin based on fiat for dividend payments. The Katalyo platform will take care of the entire end-to-end investment process, including KYC / AML, and give investors the option to sell their shares through a smart contract.
Recommended AI news: SAS a Leader in Gartner Magic Quadrant for Data Integration Tools
“We are at the dawn of tokenization which is revolutionizing the real estate sector. Telos has created sets of tools to make it easier for developers to create instant, free, transparent and governed token economies, along with the adjacent tools such as DeFi, cross-chain transactions, decentralized data storage, and oracles that further increase their value. With Katalyo now bringing its innovative codeless development suite to Telos, I expect to see an explosion of new tokenized projects, ”said Douglas Horn, Chief Architect of Telos Blockchain.
“Telos is one of the most advanced blockchains for performance and is extremely well suited for real estate tokenization,” said Ivica Ljubicic, co-founder of Katalyo. “With Telos, we have the tools we need to support a sophisticated platform, which helps us welcome investors to the Croatian real estate market.”
Recommended AI news: Independent Research Firm Names NICE inContact CXone a Leader in Cloud Contact Center Assessment
The Telos network currently supports 10,000 Transactions Per Second (TPS) with no transaction fees, compared to Ethereum’s 14 TPS which are experiencing increasing congestion with rising fees. In addition to increased speed and capacity, Telos has many advantages over other platforms that make it the most advanced blockchain software for creating new smart contracts and decentralized applications. In addition to Katalyo, Telos also continues to join with other crypto partners including social impact startup All_EBT, Interoperability Platform Transledger, Creative Platform Newlife, Social Media Focused on privacy DApp Murmur and EvolutionDex trading protocol.
Recommended AI news: Lexalytics launches the “Switch to Lexalytics” campaign
