While this technology is currently more “show off to your friends” then functional. This is a pivotal first step in using NFTs to represent houses deeds or even weekly rental agreements (think Airbnb).
There may come a time when transferring ownership of a house after buying or selling it could be as simple as sending an NFT to a wallet address.
In the more immediate future, a property “host” could issue NFTs each week and send them to each week’s renter. The renter would just need a smart phone and crypto wallet to prove ownership of that week and occupy the property.
Remember this users’ tweet in ten years when you buy a new car buy getting sent an NFT.
Comments
Loading…