-What is this virtual real estate trend?-Virtual real estate vs. physical real estate-How the virtual world is influencing the real world-What does all this mean for you?
To use an NFT to track ownership of a property, you’d have to wrap it in a legal entity, typically something like an LLC. The NFT has to essentially convey just ownership through ownership of the U.S. entity. The problem with that is you run into tax issues, and may be trading convenience for a possibly larger tax and transfer bill.
-Accept and send payments in crypto-Embrace the world of proptech-Diversify your portfolio with digital real estate-Process property transfers and title changes with smart contracts
Web3 is an essential part of the metaverse, because it would allow for the creation of metaverses that aren’t controlled by a single company or governed by a single set of rules.