Imagine building a giant apartment building, but instead of regular money, people buy pieces of it using cryptocurrency! That's what Lumia and Polygon are doing in Istanbul, Turkey. They're building Lumia Towers, a huge project worth $220 million.
It's a big deal because it's the first giant cryptocurrency real estate project. It'll use special tokens to represent ownership, making it easier for more people to invest.
- Lumia Towers will have 300 apartments and shops.
- It will be completely paid for with cryptocurrency.
- People can buy small pieces of the building, making it more affordable.
| Fact | Detail |
|---|---|
| Cost | $220 million |
| Units | 300 |
| Location | Istanbul, Turkey |
| Completion | 2026 |
The value of this type of investment could grow hugely in the next few years, potentially to trillions of dollars! However, there are also risks, like problems with buying and selling the tokens.
