• Harsha M

NFT's in real estate

We have heard NFT's, Metaverse, etc thrown around with no example or context. Let us try and explore the possibilities of NFT's in the real estate domain.

NFT's -> Nonfungible tokens meaning a token that is not exchangeable to another token of the same type. Ex: Seat #20 in a football stadium is not the same as seat #21. These two bring different attributes, view angles, etc. Nonfungible tokens are unique.

In real estate, what is unique is a sale deed, address, geo-location coordinates etc.

In the modern world of bookkeeping, we have an option to create digital deeds using NFT's. These deeds can be directly sent to a user's wallet. Once the deeds are in a wallet, there are various opportunities to be explored such as refinancing, collateralized loans, insurance, etc. Add metaverse into the game then the possibilities are endless.

Once we build a legal bridge between NFT's and county offices, these NFT's can be legitimately used across financial platforms. This is where 3Blocks comes into the picture. We are building a compliant platform to bring real-world assets to decentralized finance.

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