News/USA Real Estate Firm Okada & Company Puts New York Building for Sale as NFT

USA Real Estate Firm Okada & Company Puts New York Building for Sale as NFT

Jun 07,2022,11:26
USA real estate firm Okada & Company puts New York building for sale as NFT. Okada & Company has listed its first commercial property as an NFT on the OpenSea marketplace with 15,000 $ETH tag price (about $26.01 million). The NFT gives the buyer exclusive rights to acquire the building all its uses rights & related deed covenants, the firm said in a statement. “Due to the nature of real estate sales, the sale of the NFT does not warrant the completion of the real estate transaction, or reflect the transfer of the deed or title. The traditional real estate process must still be complete,” it explained.
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