The developer of a mega-mansion, one that defaulted on $165 million, wants to tokenize the property. By doing this the funds can be raised to get the property clear of the default while also spreading ownership among many different people.
In this video I discuss how we are looking at a new way to deal wtih real estate. Unfortunately, we are going to see the SEC and other regulators botch it up. However, seeing the idea presented means that people are thinking in this direction.
Here is the article mentioned in the video:
https://decrypt.co/90023/nike-niami-developer-the-one-coin-california-mega-mansion-tokenize-house
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