The Lagos State Government has unveiled it plans to exploring the use of blockchain technology and non-fungible tokens (NFTs) to digitize real estate assets and transactions in the state. The government is planning to make this development works simply by tokenizing house and land documents on the blockchain; essentially turning them into NFTs that are easily transferable.
Lagos State Govt Plans to Tokenize Real Estate with NFTs
Lagos Govt is exploring the use of blockchain technology and non-fungible tokens (NFTs) to digitize real estate assets and transactions in the state.