ERC721M: A Web3 Token Standard for REIT Companies
K. Suganthi, Krishnansh Singh, Sajal Tayal, Mandeep Singh · 2023
In today’s rapidly growing economy with everincreasing inflation, the purchasing power of money keeps decreasing as time pass by therefore it becomes important to invest money to counter the growing inflation. Real estate investment has been a proven hedge against inflation over many decades. The Real Estate sector despite so much contribution to the financial system has seen relatively less innovation in terms of technology. Blockchain has shown a great affinity towards managing real estate properties and all the transactions involved. Investment in this sector usually requires huge capital as a result, small retail investors are not able to invest. This is where Real Estate Investment Trust (REIT) comes to the rescue of retail investors. This paper focuses on the ERC721M token standard and proposed architecture as to how a REIT company can make use of ERC721M to design their Decentralized Asset organization, or simply DAO, which will help them in adapting web3 technologies and bring automation in their procedure of operations with maximum transparency, We have also done a comparative analysis of ERC721Mv/s Standard Deployment and why ERC721M is the best token standard to be suited for creating smart contract interface for such an operation.