ETHZilla is transitioning to real estate tokenization with 4.7 million dollars.

ETHZilla's Strategic Move

ETHZilla is taking a significant step in the field of real estate tokenization by acquiring a portfolio of 95 manufactured and modular home loans worth $4.7 million. These loans are secured by first-mortgage liens and are expected to provide an annual return of approximately 10%.

The company plans to convert these loans into digital tokens on an Ethereum-based layer-2 network. This conversion will result in the creation of cash-flow-generating digital assets.

ETHZilla's move deepens its transition towards a broader tokenization strategy beyond traditional crypto assets. The company is seeking new opportunities in this field following market fluctuations and Ethereum sell-offs.