LONDON--(BUSINESS WIRE)--Leading property consultants West London City Lets have partnered with tech firm Mattereum and a team of investors to sell the first piece of land in the UK as a digital asset Non-Fungible Token (NFT). The prime beach-front property on England’s south coast will be for offers over 1.9M in a first of its kind transaction.
“We’re excited to be working with Mattereum on this first of its kind real estate project. It's going to be a game changer in the built environment industry and open up countless business avenues for people wanting to buy and sell property.”
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While the major rise in 'proptech' over the last five years has led to increased investment in new technologies, the notoriously slow-moving and antiquated property industry remains ripe for change. The blockchain and digital assets will usher in a new era of tech-driven transformations led by Mattereum's innovative legal tools, creating a market that is more efficient and transparent.
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