Ripple told how NFTs can solve problems in real estate

Будет ли облагаться бесплатная раздача FLR держателям XRP налогом: Мнение технического директора Ripple

The material on the official website of Ripple told how NFTs can solve problems in real estate.

In a recent article on the official website of Ripple was told how NFTs can solve problems in real estate. The main points are as follows:

Tokenizing a home as an NFT confers powerful advantages for both businesses and consumers, including clear digital ownership that is irrefutably and permanently embedded on a blockchain for all to see. Interested buyers should be able to quickly and easily view prior owners, tax records, pricing history and any legal disputes involving the property. For real estate agencies and property management companies, an NFT can also be more easily and widely marketed. In the case of Alessandra’s Gulfport home, the auction drew nearly 3,000 bidders.
Additionally, real estate NFTs help streamline or replace slow and expensive third-party processes like title insurance and escrow. And as with other NFTs, the actual transfer of the property and funds can be completed securely and near instantaneously, absent all the paperwork and back and forth nature of the traditional closing process.
Real estate NFTs also present intriguing opportunities beyond traditional one-to-one residential sales. For example, the NFT could represent the homeowner’s contractual obligation to pay a title or HOA fee/contract. Ownership through an NFT could even make for simpler and faster borrowing against a home by sidestepping much of the extensive due diligence and paperwork required by traditional financial institutions for a mortgage or line of credit.
In an effort to simplify the home buying, selling and renting experience, Ripple partner ProprHome will leverage the XPR Ledger to create and distribute NFTs that will represent property ownership. The company is leveraging the speed and reliability of the XRPL to bring greater trust and efficiency to the Portuguese real estate market. ProprHome is also debuting a robust NFT and real estate literacy program to help new users understand and maximize their experience.