It is not uncommon for people to buy vacation homes they may only visit a few times a year. What about a home you never visit? And that does not actually exist? The market for digital files sold as nonfungible tokens (NFTs), has exploded this year, most notably when an artwork by Beeple sold for US$69.3 million at an online auction held by Christie’s in March. But real estate, architecture and design...
Real estate may be forever revolutionized, thanks to decentralized technologies. As the Metaverse grows — so does digital real estate. Mark Zuckerberg might claim the Metaverse is the future — but in the eyes of others, the future has already begun. Science fiction author Neal Stephenson coined the term “Metaverse” back in his 1994 novel, Snow Crash. Within the pages, the main character, Hiro...
In the online world, NFT real estate already exists, in which you can buy, sell, and own a piece of the metaverse and earn income from it. Meanwhile, in the real world, NFT is also changing the real estate industry through tokenizing physical properties, from there, creating NFTs that represent them (this is an example of an asset-backed NFT), and offering dramatic benefits to real estate owners and...
Non-fungible tokens are really in demand right now in the wine industry. Here is what wine businesses are offering through NFTs. The latest trend sweeping the internet is NFT. NFTs have taken the tech world by storm. Recently digital artist Beeple's NFT was sold for $69 million at a Christie's auction; before that, Twitter CEO Jack Dorsey's first tweet was auctioned off for $2.9 million. You're probably...
The future of NFTs goes well beyond JPEGs. These use cases are just a starting point. You are probably sick of hearing about NFTs at this point. Perhaps you've heard of celebrities like Paris Hilton and Tony Hawk joining in on this crypto world of art or the astronomically high prices people are paying for cartoon monkeys and pixelated images. There is certainly a lot of hype around NFTs, and people are...