Crypto and NFTs Could Help People Become Real Estate Tycoons

Businesswoman holding up cash

Supporters say they will become standard in the industry.

June 21, 2021
Josh D. Morton - Gravel2Gavel Construction & Real Estate Law Blog

By using online cryptocurrency technologies like tokens and blockchains, people could participate in real estate transactions that are too unwieldy in the analog world. Soon, these technologies may let anyone with a few thousand dollars play tycoon and buy a part of a condo or iconic building.

NFTs, or non-fungible tokens—digital certificates that convey exclusive rights to something—is a new concept being applied to real estate, supporters say they will become standard in the industry.

“The NFT operates in many respects exactly like a deed would in real estate transactions,” said Josh Morton, a Real Estate special counsel at Pillsbury. “What a deed ordinarily does is give evidence of ownership to a piece of property.”

Mr. Morton may be contacted at josh.morton@pillsburylaw.com



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