2023-04-25 14:42:35
Receive rent by buying property NFT
Living on income is the dream of many people and receiving rent is one of the ways to turn ownership of real estate into cash. But investment in real estate, in addition to being expensive, is still bureaucratic
However, this reality is beginning to change due to the “fragmentation” of properties into smaller parts, which are linked to crypto assets, a process known as real estate NFT tokenization.
That's what Netspaces did, a Brazil platform for creating, trading and managing digital properties that has just sold 400 NFTs linked to the deed and registration of a commercial room in Porto Alegre.
This entitles each NFT holder to receive part of the almost $180 per month for which the 32 square meter room in the Santa Cruz building, the tallest in Porto Alegre, is rented.
Netspaces reported that the sale of the property's NFTs continues, as the goal is to divide the room into 500 digital owners through P2P transactions within digital wallets on the fintech platform.
For the time being, 400 NFTs were sold over 120 days.
9.4K views11:42