LABS Group collaborates with Refinable to launch the world’s first community-owned NFT resort and their first Rewarding Timeshare (RTS) NFT. The revolutionary community-owned NFTs Resort will resolve traditional timeshare pain points and introduce the world’s first value-backed NFT.
In the travel and hospitality industry, timeshares are one of the top sellers and it gives a person the right to use a vacation property for only a short period each year.
Yet, the traditional timeshare market presented plenty of challenges. This includes appointments that are difficult to make, and the unavailability of spaces during peak season.
Holders were also liable to any operation loss caused by natural disasters and older properties cost hundreds to thousands of dollars to renovate.
As the disadvantages of the traditional timeshares market became more prominent, LABS Group introduced RTS-NFT on the Refinable NFT marketplace to solve these problems.
LABS Group Rewarding Timeshare NFTs: The Solution
LABS Group’s partnership with Refinable will tokenize and fractionalize real estate assets on Refinable’s fast, cost-effective, and simple-to-use NFT platform.
The RTS-NFT gives holders the right to send the NFT to others, build up their digital wallet portfolio, and guarantee to enjoy a 10% return.
RTS-NFTs holders will also have the right to;
- Share Profit
- Stay in the Resort
- Trade NFT on marketplaces
- Vote for major operational decisions such as selling off the resort at a high value and more
LABS Group’s RTS-NFT on Refinable gives buyers the opportunity to get easy access and purchase fractionalized Real Estate NFTs, thereby establishing new ownership.
This partnership shows both companies’ commitment in expanding the functionality and applicability of NFT into a wide range of industries and furthering their position in the blockchain industry.
About Refinable
Refinable is the first dedicated NFT marketplace built on Binance Smart Chain. With investments from Binance and Mr. Beast, we are creating an accessible environment for any user, brand, and community to engage with NFTs. This means providing an ultra low-cost, fast, and secure place for retail and crypto users alike.
Contact Refinable
Website: https://refinable.co/
Telegram: https://t.me/refinablenft
Twitter: https://twitter.com/refinableapp
Media enquiries: Adrian Fu (adrian@refinable.co)
About LABS Group
LABS Group is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.
LABS Group’s platform uses blockchain technology and smart contracts to ensure complete transparency over a borderless ecosystem where property developers and investors can interact seamlessly and with unprecedented efficiency.
Real estate and blockchain professionals have brought together their expertise to devise an ecosystem of services that make property investment more accessible, more secure, and more liquid.
For more information on LABS Group, feel free to follow our socials below:
LinkedIn: https://www.linkedin.com/company/labs-group/
Website: https://labsgroup.io/
Instagram: https://www.instagram.com/labsgroupio/
Telegram: https://t.me/labsgroupio
Twitter: https://twitter.com/labsgroupio
Project Page: https://gravityresortskk.labsgroup.io/
