We have brought you many articles on the topic of NFT, while most recently we informed you that Jack Daniels is joining other brands in the metaverse, such as Louis Vuitton, Adidas, and Nike, which have also decided to be part of this digital world. However, today we have an article about selling the first NFT office building in New York, which real estate developer Azul NYC bought. Located at 44 West 37th Street, this 4,700 square meters NFT is designed to support monetization and verification of the building’s digital assets.
“NFTs are not new. 3D scans of buildings are not new…what’s new is the merging of these technologies with blockchain utility, enabling building owners to create, own, transact, and monetize their digital assets—similar to how we do so with our physical assets.”
The sale of this 16-story building was announced by Integrated Projects, which also designed the building. Today, digital assets can be created, owned, traded, and monetized without the hassle of transferring ownership from one owner to another. Instead of selling or buying tangible property, they sell or buy pictures, 3D scans, plans, virtual tours, videos, or songs, for example. So we can see that despite the huge decline in the market of this industry, there are still buyers of NFTs who may benefit greatly from it in the future.
