Blocksquare’s Oceanpoint Smashes Milestone: First Marketplace Pool Sells Out in Record Time

Blocksquare, the leading protocol for real estate tokenization and innovation has achieved a huge new milestone through its recently launched decentralized finance (DeFi) Oceanpoint v0.5 platform. The first Marketplace Pool, initiated by Portio Capital for a coliving project, sold out in just 36 hours — an astonishing feat in light of the 29-day campaign scheduled for the entire process.

This level of success on the new launchpad for real estate real-world assets (RWAs)  is unprecedented in the space and highlights the significance of Blocksquare’s community-driven approach. As real estate investments and the power of user governance shine through in the case of Portio Capital’s coliving project, three fundamental key record-breaking milestones were hit:

1. 100,000 sBST Funding Target achieved by Portio Capital’s coliving project
2. Full community supported in less than 36 hours
3. Portio Capital’s Coliving marketplace ready to launch

Communities Build it Better

Oceanpoint v0.5 introduced the Marketplace Pools feature, a community-backed funding process for real estate projects to seek support from those most likely to use and sustain the ecosystems. Marketplace operators like Portio Capital present their real estate proposals to the community and if the operator’s project hits a predefined funding target — like 100,000 sBST — it receives full community support and further incentives.

sBST refers to tokens stakes by community members on Blocksquare, allowing the community to participate in funding and governance of real estate projects. By staking Blocksquare’s utility token (BST), members can use their sBST to get more involved in all governance processes, influence proposal success and receive higher annual percentage yields (APY) as rewards for staking.

Denis Petrovcic, Co-founder and CEO of Blocksquare, expressed untamed enthusiasm for the launch of the Marketplace Pools feature stating:

“This launch underscores Blocksquare’s drive to progress RWA tokenization through community governance and funding. Oceanpoint v0.5 fosters a decentralized marketplace ecosystem where both community members and marketplace operators have the tools and incentives needed to thrive.”

Little did Petrovcic know the first launch would be a record-breaking campaign and set a precedent for all future real estate RWA marketplace launched through Blocksqure’s Oceanpoint v0.5. 

Portio Coliving hits funding goal is under 36 hours

The coliving project, backed by Portio Capital, is the first real estate project focused on providing shared living space (coliving) and the first to be launched and funded through Blocksquare’s Oceanpoint v0.5 platform. In under 36 hours, Portio coliving successfully reached its funding target of 100,000 sBST — receiving full community support in less than just two days.

Despite the campaign aiming to hit the predefined 100,000 sBST target in 29 days, 100% community backing was received rapidly in record time. As the first real estate RWA project to be launched, its success bodes well for not just Blocksquare’s Oceanpoint v0.5, but for all projects that are now preparing to launch from the platform. 

With the rise in the need for coliving and the modern urban housing crisis, shared living spaces are becoming the preferable option for community-oriented individuals and groups. Portio coliving saw this potential gap in the market, proposed their coliving real estate RWA project to the Blocksquare governance, and the results now speak for themselves.

The European company saw huge community backing and will likely see further influence over external communities as rising inflation, housing costs and mortgages weigh heavier on younger generations. This unprecedented success opens up an entirely new avenue for investment, sustainability, and efficiency in a market begging for substantial innovation built to last.

Oceanpoint v0.5: Record-breaker, Dream-maker

Oceanpoint v0.5 marked a significant upgrade within the Blocksquare ecosystem by establishing a platform that is able to create community support, funding and RWA platform launches all in one place. By introducing features that enable participants like Portio Capital to launch completely supported new tokenized real estate marketplaces, the platform is a first-mover in the space.

Through Oceanpoint’s dual-lock mechanism, investments by community contributions and operator stakes are both locked to keep both sides secure. This seemingly straightforward but vital tool ensures stability for funded projects and long-term commitment by project creators and the community that fund them — reducing risks for both investors and innovators.

As RWA tokenization continues to snowball through the crypto industry, Blocksquare has positioned itself on the front lines — ready to show both traditional finance (TradFi) and DeFi the route to success. This initial success of Portio coliving through Oceanpoint v0.5 stands as a testament to the potential of the real estate RWA launchpad and the untapped power of community support and trust behind Blocksquare’s vision.

Oceanpoint v0.5 and its Marketplace Pools features are setting a new standard in real estate RWA investment opportunities, delivering a more accessible, efficient, and transparent community-building supportive space. This record-breaking milestone is a huge achievement but it is just the first of potentially many more to come as a new era of real estate tokenization begins — built on Web3 innovation and truly decentralized governance.

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