NFT Houj

The Who, What, How and Whys of NFT Real Estate

Writeup:

Through web3-based property companies such as Propy, people can now join the bleeding edge of real estate and tokenize their investment or non-homesteaded properties. This helps smooth the ownership transfer process and could lead to tokenizing/selling fractional ownership of real estate assets to accredited investors. As the SEC and Bored Ape Yacht Club litigations go on, the future of tokenized products and NFTs will be defined and qualified for the rest of the world, including housing. This process doesn't necessarily come without risks, however. One of the main risks inherent in this process is the number of crypto phishing attacks and wallet lockdowns as people find new and inventive ways to defraud each other and "lose their keys" so to speak so if you decide to go down this route, always be sure to work with licensed professionals such as Propy and me. For now, the benefits and capabilities of NFT housing are very limited as it's in its infancy stages however the current positives include ease of transfer, ease of record keeping, and transparency of transactions. I anticipate the wraparound benefits to include mortgage and insurance ease, deed recording speed, anonymized ownership of homes, and a strong potential for public trading and funding for crypto-based housing ventures. Depending on how litigation lands, this will be available to all via public offering securities or only to accredited investors. In the meantime, I would strongly urge you to abstain from crypto and tokenized investment ventures as they may be subject and rife with fraud, ponzi, and asset forfeiture. Until the mess of comingling digital and real assets is untangled, you may put yourself at significant risk of a ripoff. With all that being said, tokenizing your real estate may be a fun way to get in early on the trend as prices may rise and reap the early adaption benefits. 

If this interests or excites you, book an appointment to discuss if turning your deed into an NFT is right for you by signing up for a free consultation here

For now this takes place and is recorded on the Etherium (ETH) blockchain but could be adapted for use on the Chainlink (Link) Cardano (ADA) Quant (QNT), Cosmos (ATOM), or Algorand (ALGO) Chains.