Have you purchased fractional ownership of property using NFTs?

[Chris Schorre]

Many of you probably have heard about Beeple selling a piece of digital artwork for $69 million recently. This was done using Non-Fungible Tokens (NFT). Recently I received an offer to purchase fractional ownership in a property in Memphis from a startup called Lofty AI. Being interested in new technology, I decided to test the waters and purchased 1 NFT worth $50. So, theoretically I now own a $50 share of a single family house in Memphis. This technology is in its infancy for use in real estate but I think it will really take off due to the security of the transactions and ease of investing. Thoughts on this? Pros? Cons?

[Joe Wang]

NFT's are in their infancy, but I believe will become the de-facto method to securing ownership for many assets (not just digital) in the future. This is a really cool use case. I think if they can support tokenized governance, establish a stable liquidity pool, and reduce the bottleneck of Lofty as the single point of failure, they can really differentiate themselves. Also love that they're on ALGO.