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

2. NFTs DeedsThe record of a purchase is placed on the blockchain and provides access to the legal documents. This minimizes costs for buyers and streamlines the purchasing process down to mere minutes.