Pupil sells first-ever verified NFTs of digitised real-world properties

Pupil sells first-ever verified NFTs of digitised real-world properties

Pupil, the spatial data company that uses artificial intelligence (AI) to create hyper-accurate digital twins of physical real estate, has successfully launched a new class of non-fungible token (NFT) by completing the world’s first sales of verified digital representations of physical properties. This is the first time globally that the verified documentation of a real-world property has been sold in the form of an NFT, a statement said. Pupil has confirmed the sale of tens of thousands of dollars of NFTs through the OpenSea marketplace. This includes the business’s residential property mapping product, Spec, which has sold residential NFTs to buyers ranging from a two-bedroom flat owner in London to the owners of villas and apartments in Dubai, and a family home in the Hamptons, Long Island, USA. The first sale globally was to a senior banking executive in Dubai. Following this, Pupil will be producing NFTs for every unit of a landmark development in Dubai, ensuring the entire building will be Spec Verified, meaning buyers can transact with complete trust and transparency and have the chance to own the unique NFT of their property. At the same time, Pupil’s commercial property equivalent, Stak, has mapped an entire portfolio for