Month: February 2023
Celebrities such as Cameron and Tyler Winklevoss, Mark Cuban, Paris Hilton, Snoop Dogg, and Steve Aoki have heavily invested in NFTs for various reasons such as promoting their ideas and actions digitally, connecting with their fans, staying relevant, expanding their platform, and expanding their investments. Their involvement has driven the NFT craze, making NFT trades skyrocket, and attracting the general public.
Month: February 2023
The usage of NFTs as a form of payment for real estate properties is emerging as a promising method, offering quick and simple exchange, automated processes, fractional ownership, and improved security. Despite the lack of mainstream acceptance and the challenges that come with the adoption of new technologies, the use of blockchain technology and NFTs in property development presents significant projected growth in the upcoming years.
Month: February 2023
The UK’s Her Majesty’s Land Registry (HMLR) has approved the use of blockchain technology in the real estate market, following a successful pilot project in 2019. The HMLR collaborated with lead conveyancing firms, digital identity providers and payment intermediaries to develop a prototype that would enable digital transfer of property, including automatic updates to the Land Register, and smart contracts for automatic fund and ownership transfers.