🪪1) NFT Infrastructure

In a business model combining real estate and NFTs, NFT infrastructure is primarily composed of blockchain platforms, smart contract systems, tokenization and trading platforms, and wallet and security services. This infrastructure forms the foundation that connects the traditional real estate market with the digital asset market. The scale of current NFT infrastructure varies depending on the type of blockchain, the technology used, and market demand, with overall high scalability.

1] Blockchain Platforms

The core of NFT infrastructure lies in blockchain platforms. Major blockchain platforms play an essential role in recording real estate ownership and processing transactions via NFTs, and this infrastructure has grown significantly. As of 2023, Ethereum, for example, can process millions of transactions daily. This large-scale network provides sufficient processing capacity for high-value transactions, such as those involving real estate assets. Additionally, Ethereum’s market value was estimated at over $200 billion in 2023.

2] Smart Contract Systems

Smart contracts are crucial in businesses that integrate NFTs and real estate. They automatically execute contract terms, enabling ownership transfer upon transaction completion. Ethereum’s ERC-721 and ERC-1155 standards are widely adopted for issuing and trading NFTs, facilitating automated real estate transactions based on smart contracts. The scalability of smart contracts is closely tied to the performance of the blockchain network and has expanded to support large-scale real estate transactions.

3] Tokenization and Trading Platforms

Platforms supporting real estate transactions via NFTs are rapidly increasing. These platforms enable tokenization of real estate assets, issuing NFTs that can be traded.

4] Wallet and Security Services

A digital wallet infrastructure is essential for securely storing and trading real estate NFTs. Wallets securely store users’ NFT assets and provide authentication and signing functions during transactions. MetaMask, with millions of users worldwide, had over 20 million monthly active users as of 2023, offering adequate infrastructure for trading and storing real estate NFTs.

5] Scale and Growth Potential

NFT infrastructure is continuously expanding, with demand particularly high for the digitalization of high-value assets like real estate. Since 2021, the NFT market has grown exponentially, with the potential for even greater expansion through integration with real estate. Platforms and technologies supporting the issuance and trading of real estate NFTs have expanded to handle large financial transactions. The technical infrastructure is now capable of processing transactions worth billions of dollars.

6] Future Outlook

Digitalization of Large-Scale Real Estate Assets: Although the integration of real estate and NFTs is still in its early stages, the vast global real estate market, worth tens of trillions of dollars, offers significant potential for NFT infrastructure. Besides Ethereum, blockchains such as Solana, Polygon, and Tezos are expanding NFT infrastructure, supporting faster, lower-cost transactions to comprehensively support the real estate market.

Currently, the NFT infrastructure required for the integration of real estate and NFTs is rapidly expanding, with major blockchain platforms like Ethereum, Solana, and Polygon reaching transaction processing levels suitable for large-scale transactions. NFT exchanges and smart contract infrastructure have also sufficiently developed to support the real estate market, and wallet and security services are equipped to protect high-value assets. NFT infrastructure provides increased liquidity to the real estate market and is poised to bring significant changes to global real estate transactions.