Frankly, it sounds a little desperate when the owner of a mostly empty office building opens itself to Bitcoin bids. After all, when the cryptocurrency can drop more than a third of its value in two months, just how much can you count on getting?

But focusing on a single would-be set of crypto transactions—or being entranced using a so-called non-fungible token, or NFT, to get a 75-year transferable lease on a co-living space in San Francisco—is missing the really big picture.

Tokenization, or splitting apart the value of some asset and then transferring the parts into crypto tech tokens, is where the real money will be made.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Technology
Midwest
Northeast
Southeast
West