After the first NFT house was put up for auction, a new NFT artwork is being introduced to the market and it's one that comes with a real house. The non-fungible token is going up for auction and the highest bidder will get to claim the world's first NFT house artwork that comes with an actual house.
The idea was created by 27-year-old California real estate broker Shane Dulgeroff, who initially purchased and renovated the duplex in Thousand Oaks as a real estate investment. His initial plan was to sell the house on the traditional real estate market but after seeing the NFT craze, his plans changed and he saw an opportunity to create even more interest with the sale of an accompanying digital asset on the blockchain.
NFT-Paired Houses
Shane Dulgeroff is Listing the First NFT House Art with a Physical Property
Trend Themes
1. Nft-real Estate Pairings - Real estate brokers can explore the opportunity of pairing their properties with NFT artwork to create interest and differentiate their offerings in a crowded market.
2. Hybrid Physical-digital Assets - Businesses can explore the potential of creating hybrid physical-digital assets, like the NFT house artwork, to tap into the growing NFT market and boost sales revenue.
3. Innovative Auction Formats - Auction houses and marketplaces can innovate their auction formats by offering NFT paired items on their platform, making it more attractive to tech-savvy buyers and investors.
Industry Implications
1. Real Estate - Real estate brokers can incorporate NFT pairing strategy as a differentiating factor and a unique selling point for their properties in the highly competitive real estate industry.
2. Art and Collectibles - The NFT paired items market can be explored by art and collectible businesses to monetize their assets and attract digital-native buyers, unlocking new revenue streams.
3. Auction Houses and Marketplaces - Auction houses and marketplaces can leverage NFT pairings to attract tech-savvy buyers who are interested in unique physical-digital assets and explore alternative bidding options to stand apart from conventional auction models.