A UK first? Coastal plot of land goes on sale as an NFT for £1.25million

Beach huts sitting on a pebble beach in Milford-on-Sea, Lymington
The plot of land, similar to pictured, is a coastal plot in Milford-on-Sea, Lymington (Image credit: Getty)

A property consultancy claims to be the first to sell a plot of land through an NFT. 

Selling the land as an NFT is believed to circumvent the usual conveyancing process associated with land and property sales as the digital asset links ownership of the physical item rather than transferring ownership.

Sam Webb

Sam is based in Coventry and has been a news reporter for nearly 20 years. His work has featured in the Mirror, The Sun, MailOnline, the Independent, and news outlets throughout the world.  As a copywriter, he has written for clients as diverse as Saint-Gobain, Michelin, Halfords Autocentre, Great British Heating, and Irwin Industrial Tools. During the pandemic, he converted a van into a mini-camper and is currently planning to convert his shed into an office and Star Wars shrine.