Great Estate Blockchain Unveils Groundbreaking Asset Solution
Great Estate Blockchain Launches Innovative Solutions
Great Estate Blockchain, Inc. (OTC: VAYK), formerly known as Vaycaychella, has taken a significant step by finalizing its name change and unveiling a unique platform aimed at unlocking the hidden value in historic landmarks. This potentially transformative solution addresses an asset category valued at hundreds of billions, and possibly over $1 trillion, which remains largely dormant.
Understanding the Value of Historic Landmarks
Jason Armstrong, the CEO of Great Estate Blockchain, highlights the staggering potential found within historic properties. There are estimated to be around one and a half million properties listed as historic landmarks on the National Register, with an even larger number on state and local registers. Each of these properties carries an intangible value ranging from tens of thousands to several million dollars. Armstrong posits that if we consider an average intangible value of approximately $100,000 per landmark, we could be looking at total potential values reaching astronomical figures, possibly even reaching the trillion-dollar mark.
Challenges in Monetizing Historic Properties
Many iconic historic sites have succeeded in monetizing their intangible values through tourism and merchandise sales. However, a vast majority of these properties struggle with recognition, which keeps their inherent value from being fully realized. As a result, many of these remarkable assets remain underappreciated and untapped.
Innovative Business Model for Monetization
Great Estate Blockchain is stepping in to fill this gap by developing solutions that merge a cryptocurrency token approach with a short-term rental model. This strategy effectively aims to monetize the intangible aspects of such historic properties. In March 2022, the company, under the previous name, made a strategic acquisition of a technology firm specializing in cryptocurrency exchange solutions. Following a management overhaul in 2024, the company shifted its focus to a significant renovation: a $2.5 million historic property intended to be transformed into a boutique Airbnb. They've also been exploring the potential of launching Non-Fungible Tokens (NFTs) that reflect the cultural essence of these historic sites.
Monetizing Cultural Value
Armstrong emphasizes the importance of developing solutions that monetize a property’s cultural significance without jeopardizing its commercial value. By combining the strategy centered around cryptocurrency with the operation of short-term rental properties, Great Estate Blockchain presents a cohesive business model. Each guest that books a stay at one of their Airbnb properties is not only a client but also a potential buyer of their cryptocurrency tokens. Concurrently, holders of these tokens may find themselves drawn to the services offered by their Airbnb.
Future Prospects and Developments
Despite current limitations in capital resources, Great Estate Blockchain has launched its website and is looking to commence pre-orders for its pilot crypto tokens soon. This represents a promising step forward as the company works to establish itself as a leader in the intersection of historic preservation and modern technology.
Connecting with the Community
Potential partners and interested parties can learn more or reach out by visiting the company’s website. They offer a direct communication line via their contact email, ensuring that inquiries related to their innovative projects can swiftly be addressed.
Frequently Asked Questions
What is the mission of Great Estate Blockchain?
Great Estate Blockchain aims to unlock and monetize the intangible value of historic landmarks, targeting an asset pool estimated to exceed $1 trillion.
How does the company plan to monetize historic landmarks?
They plan to combine a cryptocurrency token strategy with a short-term rental model, specifically utilizing Airbnb to provide exposure and revenue from these assets.
When did Great Estate Blockchain change its name?
The company completed its name change from Vaycaychella to Great Estate Blockchain recently, marking a new direction in its business strategy.
What technologies does Great Estate Blockchain utilize?
The company employs cryptocurrency exchange solutions that enhance their business model of combining cultural heritage with modern technology.
How can I contact Great Estate Blockchain?
Interested parties can reach out via their provided contact email at Contact@GreatEstateBlockchain.com to get more information about their projects.
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