In 2021, the global real-estate market was valued at approximately $29 trillion, highlighting its vast economic significance and widespread connection to individuals worldwide as renters, owners, or workers. However, the market is characterized by inefficiencies and illiquidity, prompting interest in tokenization—a process that leverages blockchain technology to represent real estate and its cash flows as digital tokens, potentially increasing liquidity, streamlining transactions, and enabling digital ownership. Tokenization can involve non-fungible tokens (NFTs) for whole properties or fungible tokens for fractional ownership, offering benefits such as better price discovery, lower transaction costs, and reduced fraud risks. Despite its promise, the widespread adoption of tokenized real estate faces challenges, including data authentication, wallet recovery, and large-scale implementation, with significant collaboration needed among Web3 projects, governments, and businesses to transform this $29 trillion market.