Can this be a trend? Hard to steal the deed this way, for sure? But…. Not sure how this can take hold though in the real world. But this is a first.
This house sold as a real word NFT for $175,000 over the weekend.
The way it works:
– The LLC takes ownership of the property
– They tokenize the property & mint an NFT that represents ownership of the house
– Holding the NFT gives you ownership of the actual house pic.twitter.com/fuUl3oGCHx— unusual_whales (@unusual_whales) October 18, 2022
DeFi is the "absolute killer" for real estate investment, @Roofstock's @eth_sanjay says on "All About Bitcoin."
Roofstock just announced its first property sale via NFT enabled by its Web3 subsidiary. They dissect how it works at #CoinDeskIDEAS: https://t.co/1kI38GiJkm pic.twitter.com/lbUYPGx93P
— CoinDesk (@CoinDesk) October 18, 2022
- A historic milestone we are proud to be a part of. Read more about our first real estate NFT sold. We couldn’t have done it without some amazing teams by our side.
- there is this brand new up and coming NFT project, called realchainxyz. Its basically a way to invest in IRL real estate through tokenised assets. They are backed up by big role players in the web2 market so many of the team members work in massive MNCS.
- We all remember playing monopoly. You collect cards and use toy houses to represent all the properties/assets you own on the board. Except now these cards and toys are NFT’s/tokens and the properties are real. This is the fast approaching future of investing in real estate. – Paul Sparks