Manhattan landlord chrisokada listed his office building as an NFT on opensea. $ETH's price drop since then has brought the listing down $12 million. elitanjourno reports
, a commercial real estate company that owns 43 buildings in Manhattan and is turning to blockchain to diversify its clientele.
The owner of the NFT is instead granted “exclusive rights to acquire the building, all its uses rights and related deed covenants,” according to the listing. “The sale is really a bridge between the old-guard real estate servers and blockchain,” Okada said. “I will be at that bridge, trying to figure out this connectivity issue. It may not be in New York, it may have to be, you know, Westchester or Miami, or it may be a forward-thinking city.”Okada said his company has been experimenting with ways to implement blockchain for the past few months, but ran into involving the fractionalized ownership of property sales.
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