⚡ Welcome to The weekly authoritythe Android Authority newsletter that breaks down the top Android and tech news of the week. The 181st edition here, with details on Samsung Unpacked, Android 13 and the OnePlus Nord CE 2 launch date.
📱 I had fun playing hidden people on Android this week – a bit like “Where’s Wally?” but much more addictive!
Popular news this week
Tired of hearing about non-fungible tokens (NFTs) in games? It’s like feeling NFTs are everywhere these days.
Now things have gone too far and NFTs are more than just monkeys on a page – they’ve taken over the real estate market. Say what? It’s true, what we think is the first real estate NFT transaction in the United States is happening this week as a home in Gulfport, Florida goes up for auction. Bidding starts at $650,000 ether.
The sale is being handled by Propy, a real estate technology company that previously sold an apartment in Ukraine owned by TechCrunch founder Michael Arrington as an NFT last year.
- The NFT replaces the title deed with “representing a limited liability company which owns the rights of ownership”.
- This actually means that the winning bidder receives an NFT from a company that owns the house. So you buy a business, and the business owns that house. Corn what are you really buying?
Leslie Alessandra, founder of a decentralized finance company, is the current owner of the Gulfport property and wonders if NFTs are just hype or if there is a real application, explaining that the auction is designed to stimulate conversation about it. But critics worry that traditional real estate law and crypto volatility could make NFT-related real estate a risk in the future.
- Technically, nothing much changes in the sales process. All standard documents and deeds as well as transfers of title are handled the same, alongside the digital sale. So it’s really just a gimmick, for now anyway.
- However, it is important for buyers to ensure that their digital purchase confers legal ownership of a home through traditional means.
- And there could be legal issues over who is on the other end of the deal. What exactly did you take possession of? What happens if the property taxes are not up to date, or if you send a payment to someone in Iran or other sanctioned countries?
- Buyers will have to do their due diligence or risk things going wrong – or even face a higher tax bill, depending on how the NFT sale is structured.
This might just be the start. In the future, NFTs could be used to sell portions of a home’s ownership, or the sale of an NFT could confer the right of first refusal to purchase a property, giving buyers the option to buy a property at a fixed and agreed price. for a specific period of time.
- February 16: Redmi K50 series launched (China)
- February 17: Launch of the OnePlus Nord CE 2
- February 18: Horizon: Forbidden West launches on PS4/PS5
- February 24: Motorola’s next flagship global launch (Edge 30 Pro?)
- February 25: Samsung Galaxy S22 on sale
- February 25: Steam Deck hits markets for pre-orders
- February 25: Launch of Elden Ring on PS4/PS5, Xbox Series X|S, Xbox One and PC
- February 28-March 3: MWC Barcelona
Tech Tweet of the Week
Remember what we said about some people watching Unpacked in the metaverse? It reminds me of Second Life memories (remember that?).