The impact of NFT on the real estate industry

Increased security and transparency in the real estate industry

The downside of issuing a property ownership certificate on paper is that it can be easily lost, altered or forged. Since NFT is recorded and stored in the blockchain ledger, anyone can track the history of ownership and previous transactions to check their authenticity, and it cannot be forged or changed due to the invariance of the blockchain.

Fractional ownership

The segmented NFT allows the cost and ownership of physical assets such as real estate to be shared with multiple people. Issuing a portion of property ownership in NFT could help lower entry barriers for new investors seeking to enter the property market.

Real estate liquidity

Liquidity is an obstacle that can affect property value because it can be difficult to match the right buyer and the right property. However, since blockchain technology has no borders, it helps to open the real estate market to the global buyer pool by increasing market participants.

Simplification of transactions

The real estate industry is notorious for its complex and slow processes, but NFT can help simplify and accelerate these processes. In addition, processes related to asset changes can be automated and maintained by smart contracts that automatically execute commands when conditions are met.