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What happens to my property if Fabrica ceases operations?
What happens to my property if Fabrica ceases operations?

Your property is safe.

Federico Pomi avatar
Written by Federico Pomi
Updated over a year ago

Rest assured, your property remains secure. The NFT representing your property ownership is independent of Fabrica as a company. It exists on the Ethereum blockchain via an established SmartContract, ensuring its continuity regardless of Fabrica's status. This means you retain the ability to buy or sell your property on various marketplaces, with the NFT continually granting full ownership rights.

The Trust linking the NFT to your property's title operates autonomously, without relying on intermediaries. Fabrica neither holds nor manages this Trust, guaranteeing your unhindered enjoyment of the property, even in the event of Fabrica's discontinuation.

However, certain Fabrica-maintained features may be affected. The visual representation and attributes of your NFT might no longer receive updates. Additionally, the Fabrica web application and its marketplace could become inaccessible or unmaintained.

Most crucially, your right to convert the NFT into a registered property title in your name remains unaffected, irrespective of Fabrica's future. Check out the collection Removing a property to learn how to redeem your NFT.

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