Ethereum NFT | Tokenized Properties | First NFT Physical Land Sale In The UK
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Welcome to our Ethereum NFT Video!
LEADING PROPERTY FIRM ANNOUNCES SALE OF PLOT OF LAND VIA NFT – A UK FIRST
Leading property consultants West London City Lets has launched its new sub-agency Tokenized Properties to facilitate the sale of a real-world plot of land using a Non-Fungible Token (NFT) for the transaction. This will be the first UK property company to support the sale of physical land through an NFT. It will also be the first time this style of property sale has taken place in the UK.
Smart Contracts for Smart Investors
Unlike other NFTs which fluctuate in costs with the crypto market, our NFT allows for stability as the land is a high-value physical asset.
Partners
Tokenized Properties has partnered with tech firm Mattereum, NFT agency Mint Collective and a team of investors to facilitate the first sale, a prime beach-front plot on the south coast of England which will be listed for the equivalent of £1.25m available to buy in cryptocurrency. Selling the land as an NFT will eliminate the bureaucracy involved in standard property transactions.
Mattereum Asset Passport
The relevant data for the high-value property will be stored securely using the Mattereum Asset Passport and held on an immutable public storage platform. The Mattereum Asset Passport bundles together legal rights and guarantees and is paired with Mattereum’s smart contracts. This will not only enable the required searches, title deed and reference media for due diligence to be displayed accurately and transparently, but it will also streamline the purchasing process and increase buyer confidence as to the authenticity and value of the property.
The NFT SALE
This is an innovative, transfer mechanism that allows investors to trade an NFT with a physical high-value utility. The NFT will be minted on September 26th at an online auction. Anyone who wishes to bid on the sale will be vetted and must complete the register form beforehand.
Investors will be able to trade the NFT as many times as they wish, for 5 years. However, should the owner of the NFT want to legally take possession of the land, they will have the option to transfer the legal rights with a token purchase of £1.
DEVELOPMENT OPPORTUNITY ON THE COAST OF LYMINGTON, HAMPSHIRE
The purchase includes a sea-facing plot of land in Milford-on-Sea in Lymington, Hampshire. The land has an approximate span of 120mx22m, a 380m perimeter and an approximate area of 2680sqm. Situated on the edge of New Forest District Council, with stunning views of the Isle of Wight, Milford has always been a sought-after area with a thriving creative community.
The NFT will represent the land and the contract. It will not be connected to any planning application. The plot has never been individually sold and therefore no planning permissions have been sought. This gives future buyers the opportunity to create their own vision. 3D designs to develop the site into an art gallery, multiple artist studio pods or a high-end café have been created to provide inspiration to investors.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our Ethereum NFT video. Make sure to leave a like on the video if you gained value from it!
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⏰Timestamps⏰
0:00 intro
0:24 Tokenized-properties.com
5:15 Summary
