What We’ve Built Together - AKRU

Introduction

AKRU is a U.S.-based real estate tokenization platform aiming to democratize property investment through blockchain technology. Initially built on Ethereum, AKRU faced challenges with high gas fees and scalability. Our team collaborated with AKRU to transition their platform to Avalanche, develop exchange smart contracts, and integrate comprehensive backend solutions, resulting in enhanced efficiency and reduced operational costs.

Client Background

AKRU specializes in tokenizing real estate assets, allowing investors to buy and sell property-backed tokens. Their platform enables fractional ownership, making real estate investment more accessible. However, operating on Ethereum led to high transaction costs and slower processing times, hindering user experience and platform scalability.

Challenge

The primary challenges AKRU faced included:

• High Gas Fees: Ethereum's average transaction fees were significantly impacting user transactions and overall platform profitability.
  
  

• Scalability Issues: Limited transaction throughput on Ethereum was restricting platform growth.
  
  

• Operational Inefficiencies: The existing backend infrastructure lacked integration with essential payment gateways and third-party services.

Solution

Our team implemented a multi-faceted solution:

1. Blockchain Transition: Advised and facilitated the migration from Ethereum to Avalanche, leveraging its lower fees and higher throughput.

   
   

2. Smart Contract Development: Developed exchange smart contracts enabling secure and efficient trading of property tokens.
   
   

3. Backend Infrastructure: Built a robust backend using the MERN stack, integrating payment gateways for seamless on/off-ramp transactions and incorporating various third-party services to enhance functionality.

Results

• Cost Reduction: Transitioning to Avalanche reduced transaction fees by over 90%, significantly lowering operational costs.
  
  

• Improved Performance: Avalanche's higher transaction speed enhanced user experience and platform responsiveness.
  
  

• Enhanced Functionality: The new backend infrastructure streamlined operations, providing users with a more seamless and efficient platform.

Testimonial

"The transition to Avalanche and the new backend infrastructure have transformed our platform's efficiency and user experience. The team's expertise was instrumental in achieving our goals."
, [Client's Name], [Client's Position], AKRU