When Purchasing a Real Estate NFT, What Are You Really Buying?

Blockchain technology will enable real estate to be bought and sold in the same way as any Non Fungible Token (NFT). This can be done instantaneously and at any time, from anywhere in the world.

The “real world” version of an NFT might be something like the deed to my house (verifiably scarce), if I could prove ownership to my insurance company by signing a transaction in a wallet that holds the receipt of my deed (digital representation of property). I could grant access to the house for Airbnb guests with the NFT (programmable), or I cou... See more

-To the millennial, investing in real estate is as unattractive as possible in terms of an investment. The process of buying a property is long, tedious, and out of date.-The search for an "Easy Buy" button for real estate could be provided by NFTs, DeFi, and the wider Digital Real Estate ecosystem-The main ways that Blockchain will benefit our cur... See more

-Trading Platforms & Online Marketplaces-No Need For Intermediaries-Real Estate Becomes A Liquid Asset-Blockchain Allows Fractional Ownership-Automated Transactions-Real Estate Smart Contracts

In essence, an NFT is a digital certificate of ownership, almost always bought and sold using cryptocurrency, to which any digital file — a jpeg image file, a video, a song — can be attached. That Hilton is able to display Iconic Crypto Queen in her home, despite having sold it, is part of the NFT’s appeal — and the challenge it poses to the establ... See more

Traditional assets like equity getting tokenized seems like a clear progression in the future as it would make transferring them far more efficient. Then we’ll see tokenization that bridges the traditional world but adds new possibilities such as advertising space represented as an NFT where you could sell advertising rights to a site and have that... See more

...trying heroically on a podcast to explain why putting one’s house “on the blockchain” might be better than the current system. Eventually, after much grasping and a bit of “these things could all be NFTs,” McCormick ended up more or less where he began. “You’ve just re-created the entire mortgage infrastructure that already exists today,” a host... See more