Blocksquare has launched a marketplace pool funding round in collaboration with Pieme, a blockchain platform designed for hotel investment.

Pieme's innovative platform empowers investors to manage hotel operations, monitor bookings, and oversee stays, all through blockchain technology.

As part of this initiative, Pieme will oversee the marketplace utilizing Blocksquare's tokenization infrastructure, aiming to democratize hotel ownership.

The Pieme Marketplace Pool Campaign is set to target hotel ventures within Africa's burgeoning real estate sector, following the success of a previous Oceanpoint Launchpad campaign.

The African real estate market is expected to grow at a compound annual growth rate of 6.4% from 2024 to 2029, drawing significant investor interest.

The previous Oceanpoint Launchpad campaign sold out in just 36 hours, demonstrating strong market demand for tokenized real estate investments.

This initiative aims to facilitate fractional investment in the hospitality sector, making hotel investments more accessible to a wider range of investors.

Investments through Pieme can begin at a modest $150, targeting smaller investors who seek entry into high-value real estate opportunities.

The funding round is set to commence on July 30th, leveraging Blocksquare's Oceanpoint DeFi launchpad to enable fractional investment in the hospitality industry.

Pieme aims to democratize hotel investments by allowing fractional ownership, similar to the Airbnb model, tailored for the African hotel market.

Currently, Pieme is finalizing its first hotel-residence project in Kampala, Uganda, with aspirations to expand into other emerging markets across Africa.

The collaboration between Blocksquare and Pieme marks a significant step forward in the evolution of real estate investment, particularly in the hospitality sector.