CipherBPA

UBITQUITY, LLC Announces the Launch of CipherBPA™ Tool Add-On for NFTitle Network

Wilmington, Delaware, USA — June 4, 2024 — UBITQUITY, LLC, the leading blockchain and real estate technology company for Real World Assets is proud to announce the completion and launch of its CipherBPA (Business Process Automation) tool add-on for the NFTitle Network.

This bleeding-edge tool offers seamless integration into almost all workflows via API, marking a significant advancement in the automation of real estate titles, property records, and other verticals such as vehicle and private aircraft titles.

CipherBPA™ is designed to streamline operations, allowing B2B (Business-to-Business) customers to effortlessly send real estate title, property records, or other vertical-specific data. The data is then minted as an NFT on the NFTitle Network and securely stored using the InterPlanetary File System (IPFS) and Google Cloud Platform (GCP). This process significantly enhances the speed, accuracy, and security of data handling, providing customers with increased operational efficiency.

“The launch of the CipherBPA™ add-on for NFTitle Network represents a monumental step forward for our company and the industries we serve. The ability to automate the entire process, from data submission to NFT minting on the NFTitle Network as well as secure storage on IPFS (InterPlanetary File System) and GCP (Google Cloud Platform), without manual intervention, is a testament to our commitment to innovation and efficiency,” said Nathan Wosnack, Founder & CEO at UBITQUITY.

Automation through CipherBPA™ not only reduces the risk of human error but also enables our customers to handle large volumes of data with ease. This advancement is not just about improving efficiency; it’s about setting a new standard in how data is managed and secured in the digital age.

In addition to this groundbreaking launch, UBITQUITY is thrilled to announce that the NFTitle Network has reached a significant milestone of 2 million real estate records minted, recorded, and stored.

“Reaching 2 million real estate records on the NFTitle Network is a testament to the trust and confidence our clients place in our platform. This achievement highlights the scalability and reliability of our solutions, further solidifying our position as a leader in the Real World Assets (RWA) web3 space,” added Wosnack.

The integration capabilities of the CipherBPA™ tool ensure that it can be seamlessly embedded into existing workflows, providing flexibility and scalability for businesses of all sizes. This innovation underscores UBITQUITY’s mission to drive technological progress in the real estate and title industries through next-generation web3 solutions.

For more information about the CipherBPA™ tool add-on for NFTitle Network, click here.

About UBITQUITY, LLC

UBITQUITY, LLC, the leading blockchain-secured platform for real estate and title recordkeeping, offers a streamlined user experience for securely recording and tracking property deeds, land records, and other Real World Assets (RWA) with the power of web3: One Block At a Time®.

Ubitquity Contact:

Tom Bradshaw, Senior VP of Client Services

Email: [email protected]

UBITQUITY News: Your $UBQT Airdrops Expanded + New Monthly Airdrop Opportunity, Bug Tracking, Bonus, etc.

$UBQT logo

Dear $UBQT Airdrop Holder,

We’re reaching out to share some exciting updates regarding your $UBQT airdrops and a fantastic new opportunity to enhance your holdings.

Firstly, as a valued holder of $UBQT, we’re thrilled to inform you that you now have access to a total of four airdrops: 1, 1.5, 2, and 3. As a friendly reminder, the next airdrop is on July 1st, 2024 @ 11:11 PM and will automatically be processed with our partners at BlastPad.io. Airdrop #4 requirements, FYI: $UBQT Airdrop #4: WebAuth wallet (verified/unverified), and a minimum of 3,333 $UBQT/ 22,222 $XPR holding (staked and unstaked $XPR are accepted).

Be sure to read the latest $UBQT Utility Token whitepaper for the prerequisites of future airdrops. We believe this expansion will further enrich your experience with our token and provide you with additional benefits in the web3 space as it pertains to NFTitle Network and our add-ons.

But that’s not all! We have even more exciting news to share.


Private Placement Airdrop

Effective June 1, 2024, at 11:11 PM EDT, we will be introducing a new initiative that will allow participants in the $UBQT Utility Token Private Placement to receive a monthly free airdrop (from the 14% allocated) directly from our @ubitquityllc WebAuth account. The disbursement will be based on a percentage of $UBQT purchased in private placement with the full details coming within the next two weeks.

This presents a remarkable opportunity for you to increase your $UBQT holdings and enjoy regular airdrops simply by participating in our Utility Token Private Placement. To learn more about this exciting opportunity, we encourage you to visit the Ubitquity Token page and navigate to the dropdown menu titled: $UBQT Private Placement and fill out the form.

We will be sure to reply to your inquiry within one business day.


Bug Tracker $UBQT Rewards

We are giving generous $UBQT rewards (from the Company %) to those who find low risk, medium risk, high risk, and critical bugs/security issues on our products and services. You can learn more on our main UBITQUITY or NFTitle Network website under Contact > Bug Tracker.


Surprise Airdrop 3.5!

Airdrop 4 in July feels like an eternity, doesn’t it (just under two months away)?! As a gesture of gratitude, we’re greeting each airdrop recipient with an extra 1111 $UBQT as part of “airdrop 3.5”. Each current airdrop participant will receive their bonus tokens by May 31st, 2024 with a confirmation email that includes a unique one-time passcode (no hyperlinks will be presented for your security), that you can verify with UBITQUITY support to ensure it is legitimate and not a phishing email.

We’re dedicated to improving your experience and offering valuable Real World Assets (RWA) opportunities in web3 as we collaborate to change the world… ONE BLOCK AT A TIME®.

Best Regards,

Tom Bradshaw

Senior VP of Client Services

UBITQUITY, LLC


THIS IS NOT AN OFFER TO SELL SECURITIES. Information contained on this blog post is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Read the full Securities Offering Disclaimer at: https://ubitquity.io/web3/securities-offering-disclaimer/.

UBITQUITY, LLC Welcomes MJ Phillips as Advisor

FOR IMMEDIATE RELEASE

Wilmington, Delaware, USA — May 4, 2024 — UBITQUITY, LLC, the leading blockchain and real estate technology company for Real World Assets for web3 proudly announces the appointment of MJ Phillips as an esteemed advisor to the company. With a profound background in both technical innovation and business strategy, Phillips brings a wealth of experience that will undoubtedly propel UBITQUITY to new heights.

Phillips, known for his visionary leadership and deep understanding of technology, will play a pivotal role in guiding UBITQUITY’s strategic direction and technological advancements.

“We are thrilled to welcome MJ Phillips to our advisory team. His technical prowess combined with his strategic business acumen will be invaluable assets as we continue to innovate and revolutionize the real estate industry,” said Nathan Wosnack, Founder & CEO at UBITQUITY, LLC.

“MJ’s significant ongoing contributions to our $UBQT Utility Token whitepaper, and his insights will undoubtedly help us drive our platform to even greater success,” added Wosnack.

“I am honored to join UBITQUITY as an advisor. The company’s commitment to leveraging blockchain technology to streamline real estate transactions is both inspiring and revolutionary,” said MJ Phillips.

Phillips brings a wealth of experience to UBITQUITY, with a track record of success in spearheading technological advancements and driving business growth. His addition to the advisory board further solidifies UBITQUITY’s position as a leader in blockchain-powered solutions for the real estate sector.

“I look forward to collaborating with the talented team at UBITQUITY to drive innovation and create value for clients in the real estate industry,” added Phillips.

Distinguished among his peers, MJ shines brightly in a domain where innovation is key. While many are confined by traditional boundaries, MJ’s mind effortlessly dances through abstract landscapes, much like a maestro conducting a symphony. Faced with challenges, MJ doesn’t see barriers but rather limitless avenues for advancement. He harnesses unconventional approaches and boundless imagination to fashion solutions that embody innovation and creativity, perfectly aligning with UBITQUITY, LLC’s corporate vision and values.

About Ubitquity, LLC

Ubitquity, the leading blockchain-secured platform for real estate and title recordkeeping, offers a streamlined user experience for securely recording and tracking property deeds, land records, and other Real World Assets (RWA) with the power of web3: One Block At a Time®.

MJ Phillips Contact:

Email: [email protected]

Website: HeckofaNiceGuy.ca

Ubitquity Contact:

David Simpson, CGO

Email: [email protected]

A Special Airdrop Announcement for $UBQT Utility Token Private Placement Buyers by UBITQUITY, LLC

$UBQT logo

Wilmington, Delaware, USA — May 2, 2024 — UBITQUITY, LLC, the leading blockchain and real estate technology company for Real World Assets for web3 is thrilled to announce a special airdrop initiative exclusively for private placement buyers of the $UBQT Utility Token, which will empower its Small and Medium sized B2B (business-to-business) customers on NFTitle Network. This strategic move is aimed at acknowledging and appreciating the steadfast support of its valued customers and community.

“We believe in the importance of recognizing the loyalty and commitment of our private placement buyers. This airdrop is our gesture of gratitude towards their unwavering support,” stated Nathan Wosnack, Founder & CEO of UBITQUITY, LLC.

The airdrop details, including eligibility criteria and allocation mechanisms, will be unveiled shortly with the release of the $UBQT Utility Token whitepaper version 3.5. Interested parties are encouraged to stay tuned for updates.

To initiate the private placement process and become eligible for the upcoming airdrop, prospective $UBQT Utility Token buyers can fill out the form available at UBITQUITY Private Placement Form.

“We are committed to fostering a community-centric approach, and this airdrop underscores our dedication to rewarding our valued supporters. It’s an exciting opportunity for us to give back,” added Nathan Wosnack.

As of May 2, 2024, a total of 2,037,606.566 $UBQT has been disbursed to recipients of both the airdrop and private placement purchases. UBITQUITY has allocated 14% of the total issued/max supply of 111,111,111 $UBQT, which has been earmarked exclusively for airdrop distribution.

About Ubitquity, LLC

Ubitquity, the leading blockchain-secured platform for real estate and title recordkeeping, offers a streamlined user experience for securely recording and tracking property deeds, land records, and other Real World Assets (RWA) with the power of web3: One Block At a Time®.

Ubitquity Contact:

David Simpson, CGO

Email: [email protected]

Tel: +1 (724) BITCØIN [248–2046]

Website: Ubitquity.io

THIS IS NOT AN OFFER TO SELL SECURITIES. Information contained on this press release is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Read the full Securities Offering Disclaimer at: https://ubitquity.io/web3/securities-offering-disclaimer/.

XPR Network and UBITQUITY logo

BLOG: UBITQUITY, LLC is set to reveal the whitepaper for the $UBQT utility token, focusing on NFTitle™ and Title Plant Token on the XPR Network

Dear UBITQUITY and XPR Network Communities,

We are thrilled to share exciting news with our dedicated supporters and the wider blockchain community. UBITQUITY, LLC is proud to announce the forthcoming release of our much-anticipated whitepaper for the $UBQT utility token. This token is set to revolutionize the landscape of NFTitle Network and Title Plant Token, powered by the robust XPR Network.

Key Dates to Mark on Your Calendar:

  • Whitepaper Release Date: January 31, 2024

Mark your calendars! On January 31, 2024, we will be releasing the comprehensive whitepaper detailing the intricate workings of the $UBQT utility token including, but not limited to, its tokenomics. This document will provide an in-depth understanding of our innovative approach to NFTitle™ and Title Plant Tokens.

  • Airdrop Expected: February 2024

Following the whitepaper release, we are gearing up for an airdrop event in February 2024. This presents a unique opportunity for early adopters, customers, and contributors to get their hands on $UBQT tokens.

Token Supply Overview:

  • Issued Supply: 111,111,111 UBQT
  • Max Supply: 111,111,111 UBQT

Block Explorer Access:

To ensure transparency and accessibility, you can track $UBQT transactions and explore the token’s details on the XPR Network Block Explorer. Simply visit this link for real-time information.

Learn More about $UBQT Utility Token:

For a comprehensive dive into the $UBQT utility token and its transformative role in NFTitle™ Network and Title Plant Tokens, we invite you to visit UbitquityNFT.com/web3/token. This network will serve as a hub for all the details, updates, and resources related to $UBQT.

Quick Reference:

What is NFTitle Network?

Our (UBITQUITY, LLC) web3-enabled NFTitle™ Network, using blockchain-agnostic technology hosted on the distributed web, delivers a unique consumer experience to owning a title to a home through the tokenization of Real World Assets. For eight years we have developed a proven track record of successfully integrating our network into the US and global title companies. We’re currently exploring use cases and running our NFTitle™ platform in cooperation with US title firms (and other verticals) so we understand your industry’s challenges.

With NFTitle™ you can now mint title policies, deeds, certificates of authenticity, receipts, maintenance records, and other important Real World Assets (RWA) for your current and prospective customers. Our scalable platform allows for unique capabilities and engaging interactions for small to medium-sized businesses (SMBs), enterprises, and your customers while improving upon Proof of Ownership, future title search, and retrieval, with parallel secure decentralized storage. NFTitle™ has recorded over 1 million real estate records since it was launched in March 2023.

What is Title Plant Token?

Title Plant Token ($UBQT) will act as an incentivization mechanism for the title plants to put their data onto standardized blockchain ledgers such as XPR Network and Polygon via the NFTitle™ Network. By contributing and validating property data (maintained property records, categorized by both the legal description of the land and by name-indexes) that is rewarded with tokens, the tokens shall be redeemed in parallel to access property data, the plants have an immediate market to exchange their tokens for cash or cryptocurrencies.

Using Title Plant Token, title plants will democratize their title plant data, and continue generating revenue by traditional means and simultaneously through selling their tokens to title companies or other entities that need to access property data. Title Plant Token is by no means an attempt to replace title plants, which are required by law to exist in several U.S. states. Instead, our goal is to help title plants become innovative and improve upon antiquated processes.

Title companies, with the help of us (Ubitquity), will be able to create their tokens as a part of the UBITQUITY Token ecosystem and earn their token by writing new real estate transaction data directly to the blockchain, minting NFTs, and storing data via IPFS. Furthermore, a revenue-sharing model will be created to help further incentivize title plants that host IPFS nodes/validate new data, and by NFTitle™ hosting validator nodes then offering revenue sharing.

Join the Revolution:

We extend our gratitude to the community for its unwavering support throughout our three-year journey with XPR Network (note: we have been partners since September 15, 2020). The release of the $UBQT whitepaper marks a significant milestone for UBITQUITY, LLC, and we invite you to be a part of this revolutionary chapter in web3 history.

Stay tuned for more updates, and let’s shape the future of NFTitle™ and Title Plant Tokens together! ONE BLOCK AT A TIME®.

How to Get Involved:

Best regards,

Nathan Wosnack

Founder & CEO

UBITQUITY, LLC

— –

LEGAL DISCLAIMERS:

The $UBQT whitepaper and $UBQT Utility Token release dates are subject to change if unforeseen circumstances arise. See also: UBITQUITY, LLC’s Terms of Use.

THIS IS NOT AN OFFER TO SELL SECURITIES. Information contained on this blog is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Read the full Securities Offering Disclaimer at: https://ubitquity.io/web3/securities-offering-disclaimer/.

CryptoListing logo

Ubitquity Expands its CryptoListing to Include Used, New, and Luxury Vehicles

Wilmington, Delaware, USA — January 8, 2024 — UBITQUITY, LLC, the leading blockchain and real estate technology company for Real World Assets for web3 is proud to announce the expansion of CryptoListing.net’s verticals to include a diverse range of listings for new, used vehicles (including luxury). This groundbreaking development allows users to buy and sell cars using various cryptocurrencies, facilitated seamlessly through the innovative UbitquityPay platform.

As part of Ubitquity’s ongoing commitment to revolutionizing the way assets are transacted on the blockchain, the addition of vehicles to CryptoListing complements the existing options of homes, yachts, and private aircraft. The platform’s users can now experience a one-stop shop for high-value asset transactions using the security and transparency of blockchain technology.

Powered by UbitquityPay, the cryptocurrency payment solution developed by Ubitquity, users can confidently conduct transactions with the assurance of a secure and efficient payment process. UbitquityPay supports 375+ cryptocurrencies, making it convenient for buyers and sellers to engage in transactions using their preferred digital assets.

“Our mission is to continually enhance the possibilities of blockchain technology in the real world. By extending CryptoListing to include vehicles, we are providing our users with unprecedented flexibility and convenience in trading high-value assets,” said Nathan Wosnack, Founder & CEO at UBITQUITY, LLC.

As we begin 2024, our company shows no signs of slowing down. We eagerly anticipate the myriad opportunities that this year holds for us, including the upcoming launch of our first utility token, $UBQT on NFTitle which will inevitably have interoperable benefits for CryptoListing,” added Wosnack.

Cryptocurrency is set to witness a significant impact from vehicle listings. Beyond just listings and transactions, UBITQUITY plans to introduce an innovative method for NFT minting and data recording through NFTitle Network. Since its inception in March 2023, NFTitle Network has successfully minted over one million real estate records.

About Ubitquity, LLC

Ubitquity, the leading blockchain-secured platform for real estate and title recordkeeping, offers a streamlined user experience for securely recording and tracking property deeds, land records, and other Real World Assets (RWA) with the power of web3: One Block At a Time®.

Ubitquity Contact:

David Simpson, CGO

Email: [email protected]

Tel: +1 (724) BITCØIN [248–2046]

Website: Ubitquity.io

Ubitquity Xmas logo

XMAS EVE BLOG: ‘Revolutionizing Global Real Estate Transactions: UBITQUITY LLC’s CryptoListing and UbitquityPay’

Introduction

In the dynamic realm of real estate, continual technological advancements are redefining traditional processes and introducing unprecedented opportunities. UBITQUITY LLC, a trailblazing entity at the intersection of blockchain and real estate for the past eight years (established in 2015), has been spearheading transformative solutions that secure and modernize global real estate transactions. Two standout offerings from UBITQUITY, namely CryptoListing, and UbitquityPay, play a pivotal role in reshaping the landscape of real estate transactions.


CryptoListing logo

Transforming Property, Yacht, and Private Aircraft Listings with Cryptocurrencies

Property listings often involve cumbersome paperwork, costly Multiple Listing Services (MLS), and various intermediaries. Enter CryptoListing.net, a user-friendly platform developed and operated by UBITQUITY, providing a streamlined solution.


The CryptoListing Affiliate Program offers a compelling opportunity for individuals and businesses to actively participate in the real estate industry’s transformation. Affiliates stand to earn 25% recurring commissions when a referred real estate listing transaction is completed. This program not only provides financial incentives but also contributes to the widespread adoption of our expanding global platform.

NFTitle logo

UBITQUITY leverages blockchain technology to record and verify property titles, ensuring an immutable and transparent ledger.

From now until December 31st, enjoy 25% off NFTitle Network and receive free white-labeling for your company for the length of your agreement with us (monthly or yearly plans)! Use discount code: NFTXMASSIGN UP NOW.

CryptoListing transcends geographical boundaries, establishing a global marketplace for real estate transactions. This widened scope creates new avenues for buyers, sellers, and investors to seamlessly engage in cross-border transactions.

CryptoListing collaborates with U.S. real estate title/escrow companies, ensuring regulatory compliance and clear title with the insurance underwriter through our Fast, Accurate, Secure, Transactions (F.A.S.T.) program.


UbitquityPay

Facilitating Secure and Efficient Real Estate Transactions with Cryptocurrencies

As the adoption of cryptocurrencies continues to surge, UBITQUITY recognizes the necessity for a payment solution aligned with modern preferences. UbitquityPay, an integral component of UBITQUITY’s ecosystem, addresses this demand by facilitating secure and efficient real estate transactions using cryptocurrencies.

By offering an extensive array of cryptocurrency payment options and decentralizing property records on a blockchain, UBITQUITY enhances the security of real estate transactions.

UbitquityPay leverages cryptocurrencies to reduce transaction costs associated with currency conversion, wire transfers, and other conventional payment methods, benefiting both buyers and sellers.

Cryptocurrency transactions through UbitquityPay feature near-instant settlements, eliminating delays commonly associated with traditional banking systems and expediting the overall real estate transaction process.

UbitquityPay leverages the inherent security of blockchain-powered cryptocurrencies, providing a robust safeguard for financial transactions and instilling confidence in all parties involved in real estate transactions.


UBITQUITY LLC’s CryptoListing.net and UbitquityPay stand as vanguards in the transformation and fortification of global real estate transactions. By harnessing the potential of blockchain technology and cryptocurrencies, UBITQUITY not only modernizes the industry but also addresses the evolving needs and preferences of real estate stakeholders.

As these innovations continue to gain traction, they are poised to shape the future landscape of real estate transactions, rendering them more efficient, secure, and globally accessible — ONE BLOCK AT A TIME®.

-Happy Holidays from Team Ubitquity! 🎁🎄

NFTitle logo

UBITQUITY, LLC Unveils Milestone Enhancements to NFTitle Platform, Surpassing 1 Million Records

FOR IMMEDIATE RELEASE

Wilmington, Delaware, USA — December 11, 2023 — UBITQUITY, LLC, a premier blockchain and real estate technology firm specializing in Real World Assets for web3, proudly announces a significant achievement with its NFTitle platform, exceeding the 1 million records milestone.

In a demonstration of industry leadership, UBITQUITY introduces groundbreaking features underscoring its prominence in the real estate blockchain sector. As part of a continued commitment to innovation, UBITQUITY is pleased to extend a complimentary white-label offer for the NFTitle platform until January 31, 2024.

UBITQUITY, at the forefront of blockchain-based real estate solutions, is reshaping data sharing on the NFTitle platform through proactive smart contract integration. This strategic move eliminates the need for traditional data brokers, positioning UBITQUITY as a trailblazer in decentralized, peer-to-peer transactions.

Distinguishing itself from competitors dependent on intermediaries, UBITQUITY’s innovative use of blockchain technology, NFTs, and peer-to-peer storage via IPFS sets a new standard for transparency, security, and efficiency in the real estate data sector. This strategic shift underscores UBITQUITY’s dedication to reshaping the industry and marks a significant departure from practices seen in traditional“web 2.0” firms such as Black Knight, CoreLogic, DataTrace, PropStream, etc.

Key Highlights of the latest NFTitle Platform Updates:

  • CryptoListings as NFTs: Seamless integration of its CryptoListing.net service as NFTs enhances platform functionality and user experience.
  • NFTVault and InfiniMint Enhancements: UBITQUITY augments its development team, introducing new developers and full-stack experts to ensure continuous improvement and innovation in NFTVault and InfiniMint features, along with other add-ons.
  • XDC Integration: Scheduled for a testnet launch in December and mainnet in January, XDC integration will elevate the platform’s capabilities, providing a seamless experience for users.

“We are granting potential buyers the opportunity to interact with the property on a whole new level, revolutionizing their understanding and engagement with the real estate market,” said Nathan Wosnack, Founder & CEO at UBITQUITY, LLC.

“Through an innovative approach, UBITQUITY aims to expand the global reach of properties, attracting both local and international buyers. Leveraging the global nature of the existing fully opt-in marketplace called Emporium, NFT marketplaces like OpenSea and NFTify, UBITQUITY ensures featured properties gain unprecedented exposure, setting a new standard for real estate marketing in the digital age,” added Wosnack.

Smart contracts further reinforce transparency and efficiency in the sales process, automating critical aspects such as escrow management via SmartEscrow modules, payments via UbitquityPay (375+ cryptocurrencies, and fiat currencies with 110+ banking partners, and Dwolla), and property inspections through secure blockchain technology, ensuring a seamless and secure transaction experience for all parties involved.

In collaboration with Mt. Pelerin, UBITQUITY utilizes NFTs to tokenize properties, enabling fractional ownership for broader investor participation. This model enhances accessibility, fostering inclusivity in the real estate market.

As a pioneering force, UBITQUITY leads in providing cutting-edge web3 solutions, revolutionizing property transactions with NFTs, and setting a new standard for unmatched value in real estate deals.

About Ubitquity, LLC:

Ubitquity, the leading blockchain-secured platform for real estate and title recordkeeping, offers a streamlined user experience for securely recording and tracking property deeds, land records, and other Real World Assets (RWA) with the power of web3: One Block At a Time®. The company maintains partnerships with academia, municipalities, and global real estate firms.

Ubitquity Contact:

David Simpson, CGO

Email: [email protected]

Tel: +1 (724) BITCØIN [248–2046]

Website: Ubitquity.io

real estate fraud graphic

BLOG: Safeguarding Real Estate Transactions Against Fraud in a Digital Age with UBITQUITY’s NFTitle

By: David Simpson, Chief Growth Officer, and Nathan Wosnack, Founder & CEO @ UBITQUITY, LLC

In the complex landscape of real estate, scams are proliferating, posing a significant threat to both industry professionals and unsuspecting buyers. The housing market’s ongoing inventory shortage has created a fertile ground for fraudulent activities. In 2022 alone, the FBI registered a staggering 86% increase in real estate/rental scam-related complaints, totaling over $396 million in losses.

Our attention was drawn to this critical issue when Yahoo Finance Housing Reporter Dani Romero discussed the rising trend of real estate scams on a recent live show. Scammers are employing increasingly sophisticated tactics, utilizing minimal paperwork and online tricks to exploit vulnerabilities in the real estate sector. As technology advances, transactions conducted through phone and email have become more prevalent, making it easier for scammers to operate from a distance.

One alarming trend is the rise of scams targeting vacant land, where scammers impersonate sellers, manipulate public records, and using fake IDs to give a façade of legitimacy. A notable case occurred in Minnesota, where a real estate agent fell victim to a scam involving a seller claiming to be out of state, orchestrating an entire deal without any face-to-face interaction.

The Secret Service’s New York field office reported a surge in calls related to this type of scam, emphasizing the urgency for industry-wide solutions. In response, UBITQUITY, LLC proposes our flagship product: NFTitle.

The simplicity of NFTitle lies in our ability to put property titles on multiple blockchains, securely stored with IPFS and backed up Google Cloud Platform (GCP) with full disaster recovery, providing an immutable and transparent record of ownership. This technology is poised to revolutionize real estate transactions by offering buyers a foolproof method of verifying ownership. Just as buyers currently seek a carfax for used cars, the demand for our interconnected NFTitle Network is projected to become a standard practice in the future.


How Real Estate Scams Operate: A Closer Look

  • Rise in Vacant Land Scams: Scammers are increasingly targeting vacant land transactions, capitalizing on the lack of physical presence and stringent documentation.
  • Seller Impersonation: A new and sophisticated form of crime involves scammers impersonating legitimate sellers, using fake IDs, and manipulating public records to establish false ownership.
  • Minimal Paperwork: Scammers are getting away with minimal paperwork, exploiting the ease of online transactions and the reliance on technology.
  • Tech-Facilitated Transactions: The use of technology enables scammers to conduct transactions remotely via phone and email, making it difficult to verify the authenticity of the parties involved.
  • Fake IDs and Remote Notary Services: Scammers employ fake IDs and utilize remote notary services to create a façade of legitimacy.

Industry Insights and Solutions

According to a Real Estate Professional Survey by CERTIFID, 77% of real estate professionals reported an increase in seller impersonation attempts within the last 6 months. With 54% experiencing at least one such attempt, it is evident that the market’s low inventory has made real estate professionals prime targets for scammers.


Home Sale Red Flags:

  • Client wants to list property significantly below market value
  • Strong preference for cash transactions
  • No for sale sign in the yard
  • Emphasis on urgency to sell quickly
  • Lack of in-person or video communication
  • Claims to be out of state or country
  • Utilizes remote notary services and requests remote closing

To mitigate the risks associated with real estate scams, the National Association of REALTORS® (NAR) recommends filing a claim with title insurance and promptly filing a police report.

As leaders in the web3 industry, the team at UBITQUITY, LLC understands the urgency of addressing the escalating concerns surrounding real estate scams. Our commitment to combating fraud is epitomized by our innovative NFTitle Network, — a revolutionary solution that has already recorded, minted, and stored over a million real estate documents since its launch in March 2023, not only helps prevent scams but transforms the real estate landscape through the strategic integration of blockchain technology, NFTs, and secure peer-to-peer document storage in collaboration with title/escrow companies, real estate agencies, property management companies, and insurance underwriters.


Unlocking the Benefits of NFTitle:

  • Enhanced Security: NFTitle leverages the robust security features of blockchain technology, and NFTs via its own fully opt-in marketplace called Emporium, ensuring that real estate transactions are conducted with an unparalleled level of security and transparency.
  • Immutable Record Keeping: Through the power of NFTs, NFTitle establishes an immutable and tamper-proof record of ownership. This not only bolsters the authenticity of property ownership but also acts as a powerful deterrent against fraudulent activities.
  • Encrypted Peer-to-Peer Storage: NFTitle employs encrypted peer-to-peer storage for documents, providing an additional layer of security. This collaborative approach with key industry players — title/escrow companies, real estate agencies, and insurance underwriters — ensures that sensitive information remains confidential and protected.
  • Streamlined Collaboration: NFTitle facilitates seamless collaboration among stakeholders in the real estate ecosystem. By connecting title/escrow companies, real estate agencies, and insurance underwriters, the software promotes efficient and secure communication throughout the entire transaction process.
  • Building a Trustworthy Future: In navigating the dynamic landscape of the housing market, NFTitle empowers us to collectively construct a future where scams no longer jeopardize the stability and trustworthiness of our industry. Each block added by NFTitle is a testament to our dedication to eradicating fraud — one secure transaction at a time.

At UBITQUITY, LLC, we invite you to join us in ushering in this new era of secure and transparent real estate transactions. Let’s collaboratively build a future where the integrity of the industry is upheld, safeguarding the interests of all stakeholders. Together, we can create a robust and trustworthy real estate ecosystem — One Block At A Time®.

web3 logo

Response: Tokenizing Real Estate Assets Introduces New Consumer Risks for Unproven Benefits

Dear Justin Lischak Earley,

Thank you for delving into the potential risks associated with the tokenization of real estate assets in your recent Op-Ed featured in the American Land Title Association (ALTA) publication, titled “Bear With Me: The Bearer-Asset Dangers of Tokenizing Real Estate.” Your thorough examination of the complexities and safeguards inherent in the traditional real estate system is commendable, and we would like to provide a counter-perspective on behalf of UBITQUITY, LLC and TIERRA CHAIN S. DE R.L DE C.V.

We recognize the significance of upholding consumer protections and ensuring the integrity of real estate transactions. However, we contend that the strategic implementation of technological innovation can enhance efficiency and transparency without compromising the fundamental safeguards of the real estate market.

Your concern that a quicker and more liquid transaction does not necessarily translate to a better or more secure transaction is valid. Entities like UBITQUITY, LLC and TIERRA CHAIN S. DE R.L DE C.V operate at the convergence of blockchain technology and Real World Asset (RWA) tokenization precisely to address these concerns. 

Through the utilization of blockchain for tokenization and stablecoins to mitigate price volatility in real estate transactions, our industry aims to streamline processes, reduce friction, and simultaneously enhance security.

It’s crucial to emphasize that the integration of blockchain technology does not signify a disregard for essential formalities. Instead, it presents an opportunity to reimagine and digitize these processes, preserving the legal safeguards while mitigating the inefficiencies associated with traditional paperwork. The decentralized and tamper-resistant nature of blockchain technology can fortify the security of real estate transactions, while also ensuring the transparent recordation and transfer of assets.

The pace of information dissemination is accelerating, and those expressing concern about the potential diminishment of influence stemming from bureaucratic inefficiencies resemble the dinosaurs observing the cataclysmic impactor igniting the atmosphere. Embracing a future where each participant possesses an immutable, transparent ledger, impervious to unauthorized alterations, diminishes the necessity for traditional, manual auditing and intermediary paper handlers. Autonomous democratic systems, designed for the collective welfare, loom on the horizon, heralding a reduction in transaction costs and a fortification against fraud or malfeasance through heightened transparency and security—positive attributes intrinsic to NFT and blockchain technologies.

For millennia, unscrupulous individuals have peddled ephemeral assets; the FTX saga epitomizes how insiders exploit opportunities to enrich themselves through fraudulent means. The media, seizing the chance to create a scapegoat narrative, simultaneously generates fear, uncertainty, and doubt within the freedom-oriented realm of cryptocurrency. Analogously, Wall Street’s financiers have their own chapters of malfeasance, akin to Enron and Lehman Brothers, all the while expressing concerns about potential fraud within burgeoning free markets. Public blockchains, by contrast, provide transparency into the possession of stolen assets.

While concerns about potential fraud and theft in a more liquid market are legitimate, it’s essential to recognize that blockchain technology, Decentralized Finance (DeFi), and web3 storage when implemented with robust measures, can provide a level of transparency and traceability surpassing traditional systems. Smart contracts, for example, can automate processes, reducing the risk of human error and enhancing overall transactional and recordation security.

Furthermore, your emphasis on the need for speed in crypto transactions and the importance of regulatory and compliance obligations align with our principles. At UBITQUITY, LLC and TIERRA CHAIN S. DE R.L DE C.V, we are dedicated to collaborative efforts with regulatory bodies and other industry stakeholders to establish clear guidelines and standards for tokenized real estate transactions. Our goal is to strike a balance between the speed and efficiency sought by crypto industry stakeholders and the regulatory requirements ensuring the protection of investors and consumers alike.

In conclusion, we firmly believe that the tokenization of real estate assets approached with a commitment to regulatory compliance and a focus on decentralization, security, and transparency, has the potential to positively revolutionize the industry. At UBITQUITY, we are actively developing next-generation web3 tools such as NFTitle, SmartEscrow, CryptoListing, UbitquityAI, and payment solutions like UbitquityPay to address the inherent limitations of existing technologies.

We value First American’s commitment to web 2.0 innovation in real estate and look forward to exploring conversations on the responsible integration of web 3.0 technology for the mutual benefit of stakeholders across diverse sectors in the global real estate industry. Kudos to the title/escrow companies, insurance underwriters, property management firms, REALTORS®/Brokers, and others actively participating in this transformative revolution.


NATHAN DONALD WOSNACK is the Founder and Chief Executive Officer at UBITQUITY, LLC. He can be reached at [email protected].

EUGENE BUCHANAN is the Founder and Gerente Administrador of TIERRA CHAIN S. DE R.L DE C.V. He can be reached at [email protected].


 

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