Deed

=== Legality around NFTs as deeds (or similar property rights vehicles) ===
It is important to note that while instances like the house sales in South Carolina and Florida demonstrate the practical application of NFTs functioning like land deeds in real estate, the legal framework surrounding such transactions remains in a state of development. As of now, the use of blockchain and NFTs to serve a deed-like purpose, as in real estate, operates in a legal gray area, with no direct legal statutes explicitly supporting or regulating this method of property transfer. This emerging field continues to evolve, with legal experts, industry stakeholders, and legislators examining the implications and potential need for regulatory measures. The future of NFTs as a deed or similar vehicle of property rights, therefore, represents a dynamic intersection of technology, law, and property rights, warranting close observation and study as it progresses.<ref>*{{Cite journal |last=Fairfield |first=Joshua |date=2022 |title=Property as the law of virtual things |journal=Frontiers in Research Metrics and Analytics |volume=7 |doi=10.3389/frma.2022.981964 |issn=2504-0537 |doi-access=free |pmid=36091970 |pmc=9458901 }}
*{{Cite journal |last=Fairfield |first=Joshua A. T. |date=2022 |title=Tokenized: The Law of Non-Fungible Tokens and Unique Digital Property |url=https://heinonline.org/HOL/Page?handle=hein.journals/indana97&id=1313&div=&collection= |journal=Indiana Law Journal |volume=97 |pages=1261}}
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