🚨Urgent ‼️🚨🚨#Xrp🔥🔥
❗❗ The Dubai government has issued digital assets directly on the #XRP ledger
🔴 I asked chatgpt about the validity of the topic, what did it say ❓👇
💥Let's see if it is true or not ❗❗
Yes, indeed, the Dubai government has launched a pilot project to tokenize real estate using blockchain technology via the XRP Ledger (XRPL). This project is managed by the Dubai Land Department (DLD) in cooperation with regulatory entities such as the Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation, and aims to convert real estate ownership certificates into tradable digital tokens on the blockchain.
What does this mean?
Official government project: The initiative is led by official government entities in Dubai, adding seriousness and formality to it.
Tokenization of real estate: Real estate ownership certificates are converted into digital tokens on $XRP
, facilitating buying, selling, and documentation processes in a more transparent and faster manner.
Reducing costs: The project aims to reduce transaction costs by up to 50%, enhancing the efficiency of the real estate market.
Future plans: There is an intention to expand the project to include the concept of "fractional ownership," allowing investors to purchase small shares in properties.
Is this news real?
Yes, the news is real and confirmed through multiple sources, including the XRPL Commo account on platform X (Twitter