How NFT Is Applicable In Real Estate & Supply Chain Industry?
As we know, NFTs for art and collectibles are cool, but NFTs are beyond that. In many real-world business use cases, from licensing to real estate to logistics and supply chain management, NFTs play a vital role. Let us discuss the use case of NFT beyond Digital collectibles Real Estate NFTs have applications to sell and buy real estate in both the virtual and real worlds. In the virtual space, digital real estate was initially established in a gaming platform. Eg. Decentraland, where participants can build and purchase areas in the virtual world. In such cases, NFT assures the objects’ original owners and producers' identity. Another instance of virtual real estate is, “ Mars House” which is a home framed in glass and enclosed by neon lights. Once the house sold for $500K, the owner too is not allowed to go inside since it is virtual. Supply Chain & Logistics The prime functionality of NFTs in the supply chain lies in product authentication, ensuring its quality and ve...