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Firdaos: Investing In Real Estate Fully Reimagined

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Firdaos removes the need for third parties such as real estate agents while turning properties into smart contracts stored on a decentralized ledger.

ZelaaPayAE is one of the leading blockchain solution providers in the United Arab Emirates, and the entire Gulf Area. Today, ZelaaPayAE is expanding its position by entering the DeFi ecosystem with Firdaos: a revolutionary platform that bridges the worlds of decentralized finance and real estate investing. 

The real estate sector in the United Arab Emirates is expanding at a rate that is extremely attractive to investors. The UAE property market is expected to continue growing at an annual rate of 7.4% and reach USD 132.5 billion by the end of 2024. Thanks to successful government policies, the real estate sector of the United Arab Emirates has effectively dealt with the aftermath of the COVID-19 pandemic and still keeps expanding – fueled largely by the growing tourism and rising foreign investments. 

Firdaos is a DeFi platform aiming to empower anyone, anywhere in the world, to benefit from investing in the real estate sector of the United Arab Emirates. Firdaos disrupts the traditional real estate ecosystem through blockchain technology and DeFi, which allows converting real estate assets into flash liquidity pools crowdfunded by a decentralized community of cryptocurrency investors from around the world. 

The core idea of DeFi is removing the human element from traditional investment mechanisms, and replacing it with advanced blockchain technology. Firdaos does exactly this by removing the need for third parties such as real estate agents, while turning properties into smart contracts stored on a decentralized ledger, assuring the privacy and security of the entire process. 

Firdaos is powered by ZPAE, the leading cryptocurrency of the United Arab Emirates. The ZPAE token is already one of the most functional coins in the blockchain ecosystem – it’s a gateway that empowers the user to unleash the power of crypto in GCC countries. Thanks to the vast network of Point-of-Sale terminals and ZelaaPayAE Crypto Debit Cards, ZPAE is accepted everywhere Visa payments are accepted. 

Firdaos adds a powerful DeFi aspect to ZPAE, and enables all the token holders to become real estate investors. By holding and staking a certain amount of ZPAE, investors are able to participate in the decentralized, crowdfunded liquidity pools. Every backer who contributes towards successfully funding the asset pool receives an assured fixed percent of yield in a specified tenure linked to property. 

The combination of crypto and real estate is every investor’s dream: high liquidity of blockchain assets together with the ever-appreciating value of the real estate industry. With Firdaos, the gates to investing in one of the world’s most promising economies are open to everyone. 

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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



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Algorand (ALGO) price strengthens as institutional investors back the project

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Consolidation periods tend to follow strong rallies but they also present a good opportunity to survey the field and evaluate projects that have strong fundamentals.

One project that continues to gain traction in terms of price recovery and network adoption is Algorand (ALGO), a pure proof-of-stake (POS) blockchain network that has secured new partnerships and real-world use case applications, as well as support from multi-million-dollar funds in recent weeks.

Big funds invest in Algorand-based projects

Raising funds is one of the biggest challenges many projects face and in the last month the Algorand network announced that Arrington Capital, a digital asset manager, had pledged $100 million in funding meant to help accelerate additional development across all facets of the smart contract platform.

This development came on the heels of the June 2 announcement that Borderless Capital, a venture capital firm, had created a $25 million fund aimed at supporting Miami-based blockchain startups developing digital payment solutions on the Algorand network.

Related: Exodus Wallet raises almost $60M in crypto in regulated offering

New partnerships lure investors

A scroll through the Algorand Foundation Twitter feed shows a growing list of cryptocurrency projects across a variety of sectors that have joined up as part of the Algorand community to take advantage of the low fee, POS environment.

The nonfungible token (NFT) sector is showing some interest in the network following a partnership with Curate that will allow for the minting of NFTs as well as the release of a bridge by Curvegrid that will allow businesses to build NFT and blockchain technology into their business and consumer mobile applications.

Other recent examples of adoption include a partnership with the Bermuda-based MAPay healthcare payment solution, which will host its payment solution on Algorand blockchain in an effort to improve efficiency and reduce healthcare costs, as well as a partnership with Xfinite and Eros Now to create a blockchain-based content engagement platform for the 224 million registered users of Eros Now.

These new partnerships come after a busy year for the network which also included the integration of USD Coin (USDC) and Tether (USDT), the two largest stablecoins in the cryptocurrency ecosystem. 

The growing list of network partnerships and investments from players in traditional finance suggests that ALGO is well-positioned to see future growth as the blockchain sector sees continued adoption and the crypto market recovers from it recent sharp correction.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.