Prometheus International today unveiled The Royal Blockhouse, a new blockchain-based luxury real estate project.
In 2021, Prometheus sold the world’s first villas to be paid for with cryptocurrency in Madeira, Portugal. Now Prometheus has launched a new project, The Royal Blockhouse.
The Royal Blockhouse will be a collection of 24 international luxury homes designed by European and Prometheus architects. These villas will be situated in idyllic locations.
This project has been created in partnership with some of Europe’s most prominent digital influencers, cryptoasset institutions and experts in the field of cryptocurrencies, including Myoo #810, creator of Cyberkongz, an NFT project that has generated more than $200 million in transactions.
Priyesh Patel, founder and CEO of Prometheus International, said:
“The Royal Blockhouse combines two aspects of the blockchain revolution: ownership through non-fungible tokens (NFT), but also infrastructure design; something that is happening for the first time in the world of luxury real estate.”
Prometheus mentioned in a press release shared with alexaBlockchain that the villas will be fully operational on the blockchain, from smart home features to aspects related to licensing, entitlements, rent, fees, access, payment records, etc.
The NFT property corresponds to The Royal Blockhouse property, with the building sites to be chosen by the first NFT owner (“minter”). The first NFT owner will choose the construction site; Prometheus will visit the chosen site with the client and the luxury home will be built on the agreed site. The Royal Blockhouse will also be available as event spaces and housing in the future metaverse KONG CITY, in collaboration with Cyberkongz.
“Prometheus International is leading the way, developing protocols and standards that allow the new decentralized economy to merge with traditional real estate, but at the same time, we are fully compliant with EU regulations, building Web3 governed homes of the future and embracing digital assets alongside fiat currencies to break down barriers to entry,” Priyesh added.
Last year, Prometheus revolutionized the real estate market by selling two luxury homes on the Portuguese island of Madeira for a total of €4.1 million paid in Cardano ($ADA).
Now, Prometheus is pioneering the blockchain market, marking the beginning of a revolution for crypto-friendly markets in Europe and the world.
Read Also: DeFi Firm LandOrc Eyes $1 Trillion Indian Real Estate Market With Tokenized Investment
