Hacker News new | ask | show | jobs
by RandomLensman 1297 days ago
Thanks, I see. The NFT purchase gives ownership of SPV and directly putting the name in the land register burns the NFT, i.e., NFT does not give direct land ownership immediately? Unless, of course, direct ownership in the UK is possible without being named in the land register (interest/tax is different) - don't know the specifics there.

In other countries this could be similar to signing a contract to purchase land which creates interest and tax liability prior to entry in registry, but final source of who owns it in the end is a registry.

1 comments

Yes I think that's pretty much exactly it. We operate in a way which works in 170 countries (or a few less, there are some exceptions for real estate because it's very very localised). Getting down to the legal fundamentals really helps: "who is paying who for what?" and as long as the underlying transaction is clean, clear and well-understood, there is pretty much always a way to make it work legally.