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The Hidden Truth Of Zestimate - Zillow’s Algorithm
Together with the housing shortage, the pandemic has resulted in failed projections of Zillow's algorithm, a sophisticated algorithm that makes accurate predictions for selling and buying pricing decisions. Thus, it leads to considerable influences on Zillow in particular and the US real estate in general.
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How AI Is Changing Traditional Real Estate Marketing
The positive technology's influence on the world's economy is undeniable in this Industry 4.0 era. For real estate businesses, besides buying and selling, an online marketing platform also helps landlords and agencies find potential tenants, whereas renters have their ideal space to rent without an in-person meeting.
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People Can Now Invest In Real Estate Through A Virtual World
Decentraland, a 3D world created by Meilich and Ordano released in 2020, is a blockchain platform giving customers’ virtual lands ownership by using Non-fungible tokens, indicating various digital assets, including audio and video files virtual land (NFTs). This Ethereum-based blockchain platform allows users to purchase, construct, and monetize virtual reality applications—all the transactions in this virtual world use MANA, a cryptocurrency of Decentraland.
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