Blockchain And (Un)Real Estate

Blockchain technology has – so far – not lead to a transfer of the world's land registers onto this technology or to a "tokenization" of title (documents). The only significant exception in this respect is Georgia where a purchaser's title to real property can be registered by execution of a smart contract.

Virtual parcels

In contrast, however, virtual worlds where virtual land can be acquired (for very real money) are spreading. One example for such a virtual world is Cryptovoxels (https://www.cryptovoxels.com/). Cryptovoxels serves (according to our understanding) primarily as a "digital art space" where digital art is exhibited and also created. Thus, exhibitions can be visited in Cryptovoxels and NFT-art can be viewed and subsequently also purchased (via the platform OpenSea).