The role of NFTs in the real estate market

Mohammad Khani Dehnavi; Morteza Khani Dehnoi; Hamid Ashrafi Amiri

doi:10.63053/ijmea.42

Authors

Mohammad Khani Dehnavi GRETP Project, Mobtakeran Qarn Nyusha International Company,Iran
Morteza Khani Dehnoi Department of Computer Engineering, Faculty of Electrical and Computer Engineering,Quchan University of Technology,Iran
Hamid Ashrafi Amiri Member of the board, Kish Momsaz International Company,Iran

DOI:

https://doi.org/10.63053/ijmea.42

Keywords:

Nfts, Real Estate, Blockchain, Tokenization, Smart Contracts

Abstract

The integration of Non-Fungible Tokens (NFTs) into the real estate market is transforming property transactions by enhancing transparency, security, and efficiency through blockchain technology. NFTs enable the tokenization of physical and virtual properties, allowing for fractional ownership, smart contract automation, and decentralized trading. This paper explores the fundamental principles of NFTs, their applications in real estate, and the associated benefits, including cost reduction, increased liquidity, and fraud prevention. Additionally, it examines the legal and regulatory challenges surrounding NFT-based real estate, highlighting jurisdictional inconsistencies and the need for standardized frameworks. Technological considerations such as blockchain infrastructure, cybersecurity, and interoperability are also discussed, along with real-world case studies and future prospects for NFT adoption in both physical and metaverse real estate. As the industry evolves, continued advancements in decentralized finance (DeFi), artificial intelligence (AI), and regulatory developments will be crucial in shaping the widespread adoption of NFTs in real estate.

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