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Real Estate and NFT's: Smart Contracts Part 2

Learn Commercial Real Estate Commercial Leasing Hello Everyone, This week we are going over smart contracts. ​A smart contract is a piece of code that stores the information for the NFT itself on the blockchain. The smart contract outlines the details of what's inside the contract, and what it suppose to take place. For example, Person A owns building XYZ when Person B pays for building XYZ, and after Person B has paid, they will be delivered the Deed or Lease, etc. The blockchain is where the transaction information is kept, just like a ledger at a bank. ​As it pertains to real estate, the Letter of Intent Lease, and any other addendums would also be put on the blockchain. ​The smart...

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