Introduction

NFTs and claims are verified by validators

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Validators make properties interoperable

Validators play a critical role in ensuring the reliability and legal standing of property NFTs:

  1. They inspect NFTs and validate the claim by cross-checking the proof of title provided by the minter with local land registries, using:
    • Web3 validation: Checking on-chain and IPFS data for consistency.
    • County records validation: Verifying legal property descriptions and title.
    • Property valuation validation: Consulting third-party valuation sources.
  2. They maintain the NFT's good standing, ensuring the ongoing validity of the link between the digital token and the real property, and supporting any reporting requirements.
  3. They generate and update metadata for each property, drawing from user-provided information and external datasets (such as county data, GIS, and maps).
Fabrica Metadata from Validator on Opensea

Example: Metadata provided by a validator on OpenSea

Validators may also approve or reject token transactions and operations, protecting the legal value and compliance of property NFTs.

Additionally, validators can offer user-friendly tools to help property owners mint NFTs and onboard their assets.

Multiple validators can operate in the same region, using different validation strategies and service levels. This diversity allows for competition, independent opinions on the same NFT, and a choice of guarantees or insurance for users.