DelNorte Terravision DTV: Why A Decentralized Approach With NFTs Will Herald The Future Of Real Estate
The real estate market is booming worldwide, having a value of $10.5 trillion in 2020. While this is excellent news for sellers, transferring real estate from one person to another can be difficult, especially in less developed countries. DelNorte Terravision DTV is working to fix this issue.
DelNorte Terravision DTV was established in 2019. The organization’s co-founders — Anton Gloster, Yuriy Chudinov, and Jose Zelaya — realized that in more than half the world, transferring real estate is problematic. There’s no foolproof way to ensure that you have proof of ownership of your new property, which can lead to legal issues. The company’s solution is to incorporate NFTs into the international real estate space. NFTs allow you to prove without a doubt that you own something. This decentralized approach allows for a hardware-based title and property ownership management transaction endorsement protocol. DelNorte Terravision DTV links verified proof of government ownership with private commerce to unlock the actual value of land and provide a secure way to invest, transact, manage resources, track, and take possession of legal assets.
As DelNorte Terravision DTV’s popularity grows, it’s becoming evident how essential their services are. In some places like Asia, Africa, and Latin America, using NFTs for this purpose could definitively solve some systemic issues. Corruption and fraud are common problems with real estate in these areas, so decentralizing the home buying and selling process can protect some of the world’s most vulnerable people. DelNorte Terravision DTV already has a government contract in El Salvador, and the product has launched there with great success. It’s only a matter of time before other parts of the world follow suit.
Many people associate NFTs with drawings of monkeys and other digital artwork. Instead, DelNorte Terravision DTV shows how NFTs can change the world for the better.