Non-fungible tokens have been in the news as of late. NFTs are a new category of digital tokens which you can purchase with crypto or fiat currency. The distinctive highlight of an NFT refers to the allocation of sole ownership of digital assets through blockchain technology. With the help of traceability on blockchain, it is easier to track and sell NFTs in public.
As of now, the primary applications of NFTs rest in the field of selling digital art. Nesttree Properties a real estate company sees NFTs in a completely different picture. They are using NFT as vital tools for representing ownership of physical items on blockchain networks. As a result, it can serve as an ideal instrument for enabling the sale and purchase of stake in a real estate property. The first ever NFT farm village in the world will be in Zambales and very soon they will develop in Bali and Thailand.
Anyone will now have the opportunity to buy the Nesttree NFTs to be sold on the Likha marketplace under Bayani Blockchain and get a own a stake in the. Minting will be sometime end of July 2022
The company will allow NFT owners a real farm land membership access and a stake in the business to the NFT. The company boasts on having 10 farm villa and amenities that is typical of a resort. The utility of this project is what can make a difference in the market place and aims to link real world asset in the decentralized blockchain. It will be exciting to see where this new adaptation goes and hopefully it will take the old real estate industry who is known to be resistant to change to the next level.
Nesttree is a boutique developer based in manila that sells bespoke properties with a theme to match the lifestyle of its niche market. Besides the NFT farm village there are 3 other properties in the Philippines that are currently being developed. Specifically in Anilao, Antipolo and in Quezon City.