Sammary
1. NFTs resolve the traditional real estate dilemma of “ownership vs. renting.”
Conventional real estate has long forced people to choose between ownership, which offers asset value but limits mobility, and renting or short-term stays, which provide flexibility but leave no lasting asset. NFTs address this dilemma by transforming real estate into transferable rights that retain asset value while remaining highly liquid, offering a new option better suited to today’s multi-location and flexible lifestyles.
2. The key to practical adoption lies in tokenizing usage and membership rights, not ownership itself.
Tokenizing real estate ownership remains difficult in practice because legal ownership requires official registration. In contrast, usage-based rights—such as accommodation rights or membership privileges that do not require registration—can be separated and tokenized as NFTs. This enables instant peer-to-peer transfers via a smartphone, dramatically reducing the time, cost, and administrative friction traditionally associated with real estate transactions.
3. NOT A HOTEL demonstrates a new paradigm: real estate as a “flexible asset.”
By offering annual accommodation rights as NFTs, NOT A HOTEL has enabled a model where users can sell unused years and purchase additional stays when needed. Rather than owning property in a fixed, inflexible way, users hold and trade only the amount of access they require. This approach clearly illustrates how NFTs are not merely digital artifacts, but practical tools capable of redefining the very nature of real estate ownership and use.
In recent years, there has been an increasing desire to move between urban and rural areas, or to have a second home. According to a survey by the Ministry of Land, Infrastructure, Transport and Tourism, the number of people interested in dual residence or rural living is estimated to be in the tens of millions.
However, the reality is that only a very small number of people are actually able to put this into practice.
Lifestyles are becoming more diverse, and there is a growing need to be mobile without being tied to a specific location. Despite this, the real estate system that provides this mobility remains outdated, creating a huge gap between modern supply and demand.
This gap is due to the extreme trade-offs that have been forced upon people when choosing real estate. Until now, there have been only two ways to interact with real estate.
One is "purchase (ownership)." While it becomes an asset, selling it requires a great deal of effort and ties you to a specific location. The other is "rent/accommodation." While it is easy to move around, all payments are disbursed and do not remain as an asset. In other words, there have been no options that meet the modern need to "have a base as an asset, but also to remain mobile."
NFTs are the technology that can resolve this dilemma. In this article, we will explain how NFTs transform real estate into "movable rights while retaining their asset value," and provide some examples.
