-The tokenization of entities in the industry will aid fractional ownership. Hence, rather than not investing because you do not have all the money, tokens help you own a piece.
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.
The article argues that the concept of "entity thinking" from traditional centralized structures is being imported into web3 and causing the recreation of these structures in the form of DAOs.
DeFi for real estate has several advantages over a traditional banking system. Compared to a centralized banking system, DeFi services are more transparent, more powerful, and use cutting-edge technology. And when you apply those advantages to the real estate sector, they increase flexibility and transparency for property owners, managers, and... See more