Blockchain, Bitcoin, crypto, stable coins, tokens, NFTs….the new technology just goes on and on and on. How in the world can we keep up with it all?
One of the really big things coming to real estate in the future I believe is this idea of tokenization. Once we start putting real estate on the blockchain it opens up ownership to many more people and it is expected to take out a lot of the friction and costs in transferring property today.
Imagine some day where if you have an extra $5, $10, $20k+ and you’d like to start investing in real estate. Your options are quite limited today. Now imagine if you wanted to own some real estate and you just purchase some tokens with ownership in a particular building. It may not be as easy as buying a stock but it might be easier than buying a car and certainly much easier than trying to buy property today.
If you’re interested in learning more, I’d recommend you take the 15 minutes and watch this excellent overview explaining the tokenization of real estate and how this will work on the blockchain by Interaxis.