NFT

Definition

Non-Fungible Tokens are unique and non-divisible assets. Depending on the nature of their utility, they could be considered as a type of deed or title of ownership of a unique, non-replicable item. Each NFT has a specific set of attributes. NFT's are tradeable and their price will depend on the value placed on the attributes they possess.

Standard Attributes For Real Estate NFT's

Decentralrealty will form a working group with members of the community to draft and refine the required attributes for each category of Real Estate NFT. It is envisaged that Real Estate NFT's will come in different categories. For example, aa NFT will provides a stream of income from the future sale room nights would have different attributes than a real estate token issued to represent an ownership interest of an asset.

The advantage of standardizing the attributes is to make the tokens ubiquitous for buyers to understand and in so doing facilitate the decision making process. This will be important as Decentralrealty builds market acceptance for these new products.