While traditionally, NFTs have been seen to represent artworks, they have extended to a range of sectors, including real life objects such as real estate. What we call I-NFT is fractionated NFTs, a type of decentralized asset ownership which is an NFT that is split up into pieces and thus able to be owned by multiple people. This has been used for bits of real estate,

NFTs are now not just about Art; they have extended well beyond the art world, and new worlds are opening up because of this venture.

So how long has the I-NFT market been going on for, and how reliable is the technology?

The blockchain was first created in 2009 when Satoshi Nakamoto wanted to create a new digital currency that did not require relying on a centralized institution like a bank, and he called this new digital money Bitcoin.

‍Bitcoin aimed to remove the dependence on banks and other intermediaries, and the solution that bitcoin found was essentially to “decentralize” the records — whereas in traditional real estate, our transaction depends purely on our banks to keep accurate records of our transaction histories. In other words, blockchain backing means that participants can confirm transactions without a need for a central clearing authority.

Why is this important for real estate?

This is because real barriers and obstacles remain for those wanting to invest in their first property, especially for current and upcoming generations: millennials are not buying homes as readily as the previous generation, for many reasons. With NFT Real Estate opportunities, anyone, wherever they are in the world, is able to invest in any given lucrative property market.

The I-NFT realm is now being considered as an alternative option for those who perhaps do not have the means to invest, as real estate requires the owner to save a substantial amount of money before placing a down payment.

Many have asked the question: Do NFTs have a future?

It is understandable for this question to be asked, considering all the market uncertainty surrounding NFTs in recent years. However, many question the validity of this view.

‘Volatility allows investors to develop strategies like buy low, sell high, which creates the possibility for astronomic returns’. Ironically, according to Brink News, the potential of NFTs comes precisely from the factor that worries potential consumers: volatility.

With both security and transparency guarantees in the form of blockchain, there is no good reason to perpetuate uncertainty and risk surrounding I-NFTs. Additionally, I-NFTs are also more secure as opposed to traditional real-estate ownership, because no one else has control over individual assets or account information.

What is new about Fractionalized NFTs, in relation to reliable, old-school real estate?

According to technology blog hackernoon, we should not think of I-NFTs as a replacement for traditional real-estate assets, but rather an evolution to the next stage; the viewpoint being that the next generation of these ‘traditional assets’ will be decentralized and based on blockchain technology.

The groundbreaking part about I-NFTs is that anyone in the world can own them without any limitations. This includes financial limitations of course: they allow us to purchase fractions of any asset instead of whole shares, which are usually prohibitively expensive for many people.