The process is absolutely different from the traditional selling process. For example, if an user wants to sell a property, then he or she have to tokenize the property into an NFT. The created NFT contains information like location, cost and so on. Once the tokenization is complete, the NFT is listed in the marketplace and all ok for the auction. The owner of the NFT is the auction winner. The owner of the NFT needs to sign the appropriate legal papers for the transferring of NFT ownership. Finally, the tokenized NFT is sent to the NFT wallet and the cryptocurrency is sent to the respective seller’s wallet. To understand more about NFTs role in real estate industry, get in touch with Security Tokenizer, a leading NFT Real Estate marketplace development company.

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