ASX’s Real Estate-Backed NFTs Mint Out Less Than One Hour into Public Round

In what appears to be a major vote of confidence in both the $CORE ecosystem and the RWA sector, ASX’s all-new RWA-backed NFTs have minted out in rapid fashion.

On June 25, demand for ASX’s new NFT collection, which is backed by a tangible real estate investment, saw the assets ‘mint out’ less than one hour into the mint’s official Public Round.

The mint process began on June 24, the Public Round itself preceded by three additional rounds, and with only 3,000 NFTs available to mint, appetite from investors was expected to be high. The three initial rounds were as follows, all of which saw much of the collection swallowed up.

• Partner Round
• Team Round
• Whitelist Round

The high degree of demand from these prior rounds meant that, when the official Public Round went live, less than 20% of the collection was available for purchase. Perhaps unsurprisingly, these remaining assets were swept up quickly, spurred by live announcements from ASX itself.

ASX’s Real-Estate Backed NFTs

Those fortunate enough to secure one or more of ASX’s new NFTs will now enjoy the 7.2% annual yield offered by the assets themselves. Said yield is paid out automatically to holders, on a monthly basis, with no need for individuals to undertake a claim process.

This 7.2% is generated by the specific property by which the NFT collection is backed. Specifically, the Mountain View Apartment complex in Arkansas, United States, which was chosen by the project’s team for its sustainable cashflow, in addition to any future appreciation on the property itself.

To learn more about the collection itself, including how it merges the very best of blockchain technology and real estate investment, make sure to check out our previous coverage, published in the build-up to the much anticipated mint date.

What Comes Next?

While excitement around the mint’s success still remains, the journey is far from over for ASX and its community.

The next item on ASX’s roadmap will be the official art-reveal for the NFT collection, for which the community is very excited indeed. Said reveal is set to take place imminently at time of writing, on June 26, and if the teaser art is anything to go by, holders are in for a treat…

While the project is yet to make any further announcements, this won’t stop the crypto community from speculating. It seems likely that, given the success of this recent NFT mint, the project may launch further collections, backed by different properties and real-world assets. However, this is yet to be publicly confirmed if so.

To be the first to hear about any future mints and announcements, make sure to follow @asx_capital on X/Twitter.