Definitely keeping an eye on this. Real Estate is a mammoth market that could really benefit from blockchain technology.
There's also another Real Estate ICO called Xaurum Gamma, though much more limited (and maybe more realistic) in its scope.
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@lavater, very intersting project. I will have also a look into it. Next post will be probably a view on LAToken , but Xaurum Gamma is worth also a post as it is realistic and has potential due to the location.