Digital assets and tokenisation poised to revolutionize real estate investment in Nigeria-Jude Ozinegbe

BY MOTOLANI OSENI

The landscape of real estate investment in Nigeria is on the cusp of a significant transformation, thanks to the burgeoning fields of digital assets and tokenisation. This innovation is set to make real estate investments more inclusive and accessible than ever before, according to Jude Ozinegbe, founder of Cyberchain and a renowned Blockchain Facilitator at Baze University, Abuja.

Cyberchain, a prominent player in Africa’s Web 3 and digital economy sector, believes that the tokenisation of real estate assets could democratize investment opportunities. By converting traditional real estate holdings into digital tokens, Cyberchain argues that fractional ownership becomes feasible, lowering the entry barriers for investors. This method not only enhances liquidity but also ensures secure and transparent transactions, attracting both local and international investors.

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“The advent of digital assets tokenization, driven by blockchain technology, is a game changer for organizations and governments aiming to elevate their business operations or improve citizens’ lives,” said Ozinegbe. “We are excited to lead this movement and bring such transformative opportunities to Nigerians.”

To further advance these goals, Cyberchain is hosting the Tokenised Economy Conference on October 3rd and 4th in Abuja. This event represents a major milestone in Cyberchain’s ongoing mission, which has made a notable impact in more than five states and touched over 20,000 Nigerians. The conference is expected to host over 3,000 participants and will feature insights from more than 30 tech leaders across both public and private sectors.

Ozinegbe highlighted the profound potential of combining blockchain technology with Artificial Intelligence (AI) to revolutionize Nigeria’s economy. “The integration of blockchain and AI offers a promise of greater transparency, efficiency, and innovation,” he remarked. “These technologies hold the potential to address Nigeria’s challenges with corruption, inefficiencies, and economic volatility, providing solutions that enhance service delivery and foster a more inclusive economy.”

Blockchain’s decentralized and immutable ledger system is anticipated to significantly reduce issues like fraud and lack of transparency, while AI’s capabilities in predictive analytics, process automation, and enhanced decision-making could streamline government operations and boost economic efficiency.

The conference will also feature the Innovators Challenge on October 4th, an initiative aimed at encouraging university undergraduates to develop blockchain solutions for real-world problems. The competition, known as the Next-Gen Pitch, offers a prize pool of N5 million to the winning teams. “We are thrilled to collaborate with Cyberchain in empowering Nigerian youths,” said Mr. Adedayo Adebajo, Co-founder of ICP.Hub Sahara West Africa. “This partnership provides the necessary tech support, incubation, and financial backing for innovative solutions tailored to Nigeria’s unique challenges.”

The Tokenised Economy Conference is supported by key sponsors including Zinochrome, Hyperspace, Alphageek, ICP_Sahara, NITDA, as well as Baze University, SiBAN, CDIN, BICCON, BEAN, and numerous community partners.