FOR IMMEDIATE RELEASE
Wilmington, Delaware — May 18, 2023 — UBITQUITY, LLC, a prominent provider of blockchain-powered solutions for the real estate industry, is thrilled to unveil the upcoming release of the Title Plant Token, scheduled for the latter half of 2023. This groundbreaking initiative introduces an incentivization mechanism for title plants to migrate their data onto standardized blockchain ledgers such as Polygon and Proton through the highly innovative NFTitle™ Network, which has already recorded over 25,000 real estate-related files, showcasing its immense potential.
Title Plant Token empowers title plants to contribute and validate property data, including maintained property records categorized by legal descriptions and name indexes. Participants are rewarded for their contributions with tokens that can be redeemed to access property data. These tokens can also be exchanged for cash or cryptocurrencies, providing title plants with an immediate market to monetize their valuable data.
Nathan Wosnack, Founder & CEO at UBITQUITY, LLC, expressed his enthusiasm for the potential of Title Plant Token, stating, “We are thrilled to introduce this groundbreaking solution to the real estate industry. By leveraging blockchain technology, we aim to democratize title plant data and empower title plants to generate revenue through traditional means while simultaneously leveraging token sales to title companies and other entities in need of property data.”
Wosnack emphasized that Title Plant Token is not intended to replace the thousands of title plants within the U.S., which are legally mandated in several states. Instead, the goal is to drive innovation and improve upon antiquated processes within title plant operations, enabling them to become more efficient and effective in serving their purpose.
Under the UBITQUITY Token ($UBQT) ecosystem, title companies will have the opportunity to create their own tokens. This enables them to earn rewards by directly recording new real estate transaction data onto the blockchain, minting NFTs, and securely storing data using IPFS (InterPlanetary File System). Additionally, a revenue-sharing model will be established to further incentivize title plants hosting IPFS nodes and validating new data. NFTitle™ will play a crucial role by hosting validator nodes and offering revenue sharing as well.
The implementation of Title Plant Token is subject to comprehensive legal assessment, including a legal opinion letter, and compliance with applicable Securities and Exchange Commission (SEC) exemptions. UBITQUITY is committed to ensuring a compliant and secure environment for all participants in the ecosystem.
About UBITQUITY, LLC
UBITQUITY, LLC is a leading blockchain-secured platform for real estate and title recordkeeping. The company offers a user-friendly experience for securely recording and tracking property deeds and land records. UBITQUITY has forged partnerships with academia, aviation companies, municipalities, and real estate firms, establishing itself as an industry pioneer.
For media inquiries:
Ignacio Landáez Duin
Chief Operating Officer, UBITQUITY, LLC
Email: [email protected]
Tel: +1 (724) BITCØIN [248–2046]
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