Does this mean that I can own a piece of a penthouse apartment or a modest condominium along with 38,475 other people? How does this work?
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
Does this mean that I can own a piece of a penthouse apartment or a modest condominium along with 38,475 other people? How does this work?
Posted Using LeoFinance Beta
It's more like security tokens used to pay in crypto and sign an agreement through smart contracts for selling and buying for real estate.
And no you cannot own a piece of the property unless it's virtually divided into several NFTs. 😜
Posted Using LeoFinance Beta
I understand the part about security tokens.
To own a piece of a propetry I would need to buy an NFT. How small is that NFT? Is the NFT defined for one "home," one room, one square foot or square meter, one building?
Posted Using LeoFinance Beta
Depends upon how it is structured but in theory yes.
Think of an office building in a downtown market. You and the other 38,475 could own a piece of that through your tokens and get paid quarterly based upon the rental income.
Posted Using LeoFinance Beta
I'm OK sharing a building with 38,475 other people; I was more concerned with the smallest unit I could own as a whole piece (1 bathroom, 1 bedroom, 1 closet, 1 apartment, etc.)
Posted Using LeoFinance Beta