What Is NFT Real Estate and How Is It Changing the Real Estate Industry? | Binance Blog

Buying physical property is so last year. People are buying digital real estate now. Don't believe it? Read this, and see if it changes your mind👇

For a more detailed explanation of the metaverse, check out our detailed guide on, NFTs are cryptographic tokens used to represent a unique digital asset. We commonly use NFTs to tokenize digital and physical assets such as art, collectibles, or tickets. The metadata of each NFT is secured on a blockchain, which acts as verifiable proof of authenticity and ownership. Moreover, an NFT can only have one official owner at a time and can’t be forged or modified.

to expand its user base by establishing NIKELAND. In this interactive world, users can play mini games and enjoy a virtual lifestyle revolving around sport and play.While some people might see their NFT property as an investment, others may want to use their real estate for its intended purpose.

It’s common for people to use their property in the metaverse to host events and conferences, or even use it as advertising space – if the area the real estate is on gets enough traffic, that is. If your NFT real estate is in an area where many people gather, it may be more valuable than virtual property in nondescript areas.

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