Non-fungible tokens are not just for digital art. They could be coming to the property industry.
According to entrepreneur.com, the world of property is changing fast, and it is important to stay up to date on all the innovations in the space. The blockchain and cryptocurrency realm is slowly changing the way many markets work, and the property industry is no exception. With these innovations, there will be many new opportunities that you should be aware of as an investor.
One such opportunity relates to the use of non-fungible tokens (NFTs) as a way to sell fractional ownership or debt on a property. This use case has been examined by the Land Registry in the United Kingdom, with a pilot conducted in 2019.