Real Estate Industry Is Ready to Integrate NFT and Blockchain Technologies

According to analysts, 89% of all security tokens sold in 2022 relate to the real estate market. 

Real Estate Industry Is Ready to Integrate NFT and Blockchain Technologies

Real estate leads the way among securitized blockchain assets in 2022. The data from a Security Token Market analyst report prepared specifically for Cointelegraph reveals this. Analysts say the real estate industry is already ready for closer integration with NFT and blockchain technologies. 

Less than 3% of all security tokens related to real estate come from commercial properties. The rest are residential properties and include private ownership, equity and insurance.The report indicates that the volume of actively traded real estate tokens in 2021 is up 107% from the previous year. According to Research and Markets, the total real estate market was estimated to be about $3.38 trillion in 2021. By 2026, the market is expected to grow to $5.38 trillion. Under these circumstances, the analysts state that closer integration of blockchain technology in this sphere is inevitable.

#Business news

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