Terra Land

Terra Land is a global marketplace that is based on blockchain technology for the equity sale of real estate from the primary market.

• StarTerra Labs
• ARI 10
• Bitcan.pl
• Authologic
• PROPTech Foundation

In the first stage, the sale will be based on commercial properties that are intended for investment purposes, that is, those that develop a rate of return without maintenance for investors. In 2019, the work on the project began. In June 2020, Terra Land piqued the interest of VC Impera Alfa fund and received a grant from the National Center for Research and Development (European Union Capital) for the development of the MVP platform. The BETA version of Terra Land with the probability of user registration including adding and reviewing available properties was released to users around the beginning of July 2021 . The completely functional version of Terra Land was slated for availability to users by the end of November 2021.

The platform is utilized for the purchase of whole or individual pieces of property. The marketplace is based on blockchain technology, on the Terra blockchain in particular. The investment process involves the user selecting the real estate property that they are interested in, figuring out their investment amount, starting from the minimum cost for a particular apartment and about 100% of its value, which would make the user the sole owner. If a user has not gone through the process previously, at this stage, they would need to complete the account registration process, as well as KYC procedures. They are required to sign the electronic preliminary shares purchase contract for the specific real property and pay to the smart contract address. When the complete amount required to buy a particular real estate property has been collected, the smart contract closes the funding stage then sends the tokens that confirm the user's rights to the real estate property to the address they indicated. If the amount is not accepted, the funds are returned to the owners.