Foundation Project disrupts real estate market 

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.  

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