Projects that involve combining real estate with blockchain technology, particularly NFTs, are relatively new. However, there are a few notable examples where similar principles have been applied:

1. Aspen Digital (St. Regis Aspen Resort)

• Overview: The St. Regis Aspen Resort in Colorado tokenized ownership of the resort through an Aspen Digital Token (ADT), an ERC-20 token on the Ethereum blockchain.
• Strategy: They divided the ownership into fractional shares represented by tokens, allowing investors to hold fractional ownership of the property.
• Outcome: Successfully raised $18 million, allowing fractional ownership in a luxury real estate property.

2. LABS Group - Kunang Kunang Resort (Indonesia)

• Overview: LABS Group is a blockchain-based real estate investment platform that fractionalized the ownership of the Kunang Kunang Glamping Resort in Indonesia into NFTs.
• Strategy:
  • Tokenized the resort into smaller shares.
  • Investors could buy NFTs representing ownership and earn rental yield from the property.
• Outcome: Allowed people to co-own a luxury resort property for as little as $100.

3. The Aeternity Crypto Castle

• Overview: The Aeternity Crypto Castle is a blockchain-based resort and coworking hub in Burgas, Bulgaria.
• Strategy:
  • Divided ownership into tokenized shares via NFTs.
  • Token holders had the right to use the property and participate in events.
  • Plans to create a blockchain incubator and coworking space.
• Outcome: Attracted digital nomads and tech entrepreneurs.

4. RealT - Real Estate Tokenization Platform

• Overview: RealT is a platform that specializes in tokenizing U.S. real estate properties into fractional shares via NFTs.
• Strategy:
  • Tokenized rental properties and sold NFTs representing fractional ownership.
  • Investors receive rental income based on their NFT holdings.
• Outcome: Several successful projects where properties are fully funded and offer steady rental yields.

5. Propy - Blockchain Real Estate Transactions

• Overview: Propy uses blockchain technology for real estate transactions, making it easier to buy and sell properties using NFTs.
• Strategy:
  • Property in Kyiv, Ukraine, and a condo in San Francisco, California, were sold via NFTs.
  • Token holders obtained ownership of the property.
• Outcome: Pioneered real estate transactions via blockchain.

Key Takeaways for Your Project:

• Tokenization Structure: Follow a model where NFTs represent fractional shares of the property.
• Community Engagement: Utilize innovative club membership to build a loyal user base.
• Secondary Income: Explore secondary income streams like RV campers and workshops.
• Compliance and Legal Issues: Collaborate with legal experts to navigate local and international regulations.

These projects demonstrate that the concept of tokenizing real estate via NFTs is achievable and can generate significant investment. A well-executed marketing and community engagement strategy will be crucial for your project's success.

https://www.forbes.com/sites/forbesbusinesscouncil/2022/08/04/guide-to-using-nfts-in-real-estate/