Tykes launches NFT marketplace in a bid to capitalize on real estate

“Almost every aspect of real estate is archaic – from how we transfer ownership to how we build homes,” said Ryan Pineda, CEO and founder of Tykes. “We created Tykes for anyone who wants to learn more about disrupting the real estate industry, using blockchain and NFTs to come together as a community and push the envelope. Tykes will improve real estate processes and transactions that are often too complicated and involve many layers that deter the average investor from seeking opportunities.”

Tykes has sold more than $2.4 million on presale, according to its release. After minting – a term used for adding NFTs to a blockchain – its cryptocurrency called TyKoin, accredited members can also invest in startup businesses and real estate deals.

“There is a strong demand to learn about and understand NFTs and their capabilities,” said Amr Samaha, co-founder and chief operations officer of Tykes.

“Tykes is a place to cultivate and support those who want to invest and make money in the real estate market, particularly in an industry that is ready for change. Real estate investing is the safest form of investing, but many individuals are unaware of how to get started. Tykes will create a community of real estate professionals, investors and web3 experts in order to learn about these evolving spaces.”