NFT and virtual or real real estate, as many perspectives as questions

NFT and virtual or real real estate, as many perspectives as questions

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The real estate company Okada & Compagnie put up for sale, in June on the OpenSea platform, in the form of non-fungible tokens (NFT), this 7-storey office building in New York. Chris Okada collection / Okada & Co

HOW THE NFT PHENOMENON IS SHOCKING THE WORLD (3/5) – Legal and tax obstacles prevent a development that offers new outlets.

The term “non-fungible token” (NFT in English) made its entry into the Larousse 2023. If these new technological tools existed before the pandemic, the phenomenon has since grown to the point of reaching the general public… and some excess. However, beyond a fashion effect or a marketing discourse, these digital assets are shaping a profound upheaval for many sectors.

Who could have imagined that a purely virtual technology created to be part of a digital world would one day apply to an activity as concrete and traditional as real estate? This is, however, what has been happening for several years with NFTseven if opinions diverge as to whether this is an unavoidable path for the future or a passing fad.

Remember that non-fungible tokens (French translation of the acronym NFT) are the basis of unique digital assets (unlike currency where one euro is perfectly comparable to another euro). Quite naturally…

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