Real Estate: With land or property being tokenised, NFTs enable fractional ownership, which would contain authentic information regarding price, measurements, location, etc., and there would be no need of commission for third parties. Currently, progress is underway to make this a physical reality though this exists in virtual reality. The world’s first digital NFT house, called the mars house which was sold for $500,000, is one example of what an NFT, metaverse, and real estate amalgamation might look like. Another innovative example is Decentraland, a virtual blockchain-based land where people can buy and own parcels of the total land present.