Exploring the disruptive potential of non fungible tokens (NFTs) in the reconfiguration of urban spaces

Abstract

This essay examines the transformative potential of Non-Fungible Tokens (NFTs) in urban environments, specifically regarding ownership structures, management processes, and civic participation. Employing a mixed-methods research approach, the study demonstrates that NFTs can support fractional ownership, increase transparency within smart cities, and promote urban renewal. Addressing legal challenges, technological limitations, and social equity concerns remains essential. The findings advocate for coordinated efforts among policymakers, urban planners, and technologists to ensure that NFTs contribute to equitable and sustainable urban development.