The Applications of NFTs in Real Estate
The invention of NFTs or non-fungible tokens took the markets by surprise, but now that the concept of the tokenization of digital and physical ass...
The invention of NFTs or non-fungible tokens took the markets by surprise, but now that the concept of the tokenization of digital and physical assets has matured a bit, First American Financial Corporation takes a look in a new blog post at the often misunderstood technology. While NFTs of digital assets, such as art, receive the most attention, the technology behind it, tokenization, could be used a mechanism to convey ownership of real estate to enhance the real estate transaction process. In fact, some startups are already focused on the application of tokenization and NFTs in real estate and are courting investors to gauge early-stage investor interest among real estate companies.