More and more projects are appearing where NFTs acknowledge the ownership of real things, including real estate.
So far, these are private projects and have not yet been recognised by governments.
However, some countries are already working on blockchain-based real estate registries (USA, Russia, China).
Feedback from one of their artists:
Back last summer, I got into crypto-art. The works are being taken apart quickly. Some are kept and not put on the secondary market. Some sell, and I get a 10% royalty on those sales. No other art gallery would dream of such prices.
Fortunately the gallery where I exhibit filters artists.
The question of monetization of digital art has long been a burning issue, and now it has been resolved in the most unexpected way. Good thing that the entry barrier to such projects is too high for any photoshop user to start tokenizing his handicrafts immediately.
They usually enter after pre-moderation, which lasts from a week to a month. All platforms are quite similar, but the rules may vary slightly. You’ll be asked to show some of your best work and social media links. Traditional art is not welcome. Digital only, otherwise you keep the original, which is against the idea of the NFT. When you get approved, be prepared to buy some ether with your own money to get you started. To create a token and for all network operations, including accepting bids, you need to spend gas, and it’s not cheap right now.