NFT and Real Estate-- what are the uses and will ppl use it?!

[Katrina Razavi]

I've been reading about NFT technology, it's so fascinating and there can be so many use cases in RE. I'd love to hear what others think and/or if others are building anything in this space. If you're not familiar with NFT's, there's a great list of articles here.

Some potential use cases:

- Title- one of the main value props of NFT is that it establishes provenance, given this is one of the most important (and expensive) pieces of real estate transaction, I think there can be a huge innovation in how titles are established, recorded, etc. in the future

- Fundraising- With Smart Contracts you can partition out equity in a property, making it easier to crowdfund and raise capital

- Royalties- the other value prop of NFT's is that it allows for second market royalties and such, this could be a new model of RE agent commissions? A new way for developers to monetize?

These are just a few ideas and would love to hear what you think in terms of the above use cases or other innovative ways NFT can transform the RE industry!

[David Luu]

I believe there's already some NFT real estate implementations in the crowd funding investment area.

https://realt.co

https://vave.io/tokenized-real...

https://app.reinno.io/campaign...

in terms of these, I wonder if anyone, say folks here in BP would participate or invest in these platforms. Sadly some, like RealT only allow for accredited investors at the moment for U.S. investors.