NFTs
Virtual Real Estate
The global Market size of real estate is more than 800 billion, thus its swift towards NFTs would leverage the NFT Economy for sure, There are a bundle of differences between the NFT real estate marketplace and traditional real estate. In Traditional system, people struggle to understand some complicated legal process as well as they are lots of ownership issues. We all have witnessed so many land ownership issues and the chances of duplicating the stamp paper is more. But the intervention of NFTs in Real Estate comes as the one step solution for all the above listed issues associated with traditional real estate which ensures ownership and every property is written precisely in the smart contract.
One of the great things about NFT is that it allows investors to earn back on their blockchain properties investments in a relatively short period of time. This stands in sharp contrast to conventional real estate, where investments are tied up for long periods without any significant increases in value being seen.
NFT Real Estate Brings A Passive Income
Another great thing about owning land on the blockchain is that it allows passive income from your investment over time.
This is done through the use of smart contracts and other similar setups.
You can also lease your NFTs out to other users by setting up smart contracts that allow others to put specific amounts of tokens into your wallet every week, month, or year. By doing so, you’ll be able to generate income just like you would if you were to purchase property and rent it out in the real world. When you buy your online real estate digital assets, you can also set them up to automatically sell themselves at a higher price once they’ve reached the value you want.