No. It requires a non-transferable soulbound NFT. A hacker wouldn’t be able to remove the token from your wallet.
From the article –
“Is the deed transferred on chain?” asked Twitter user goof_eth. “If so, how do we plan to mitigate risks of lost or stolen ‘properties’?”
“This seems like a very important question,” added crypt0potamus. “With Bored Apes, you have to change your PFP if you get hacked, but with this, you have to move out of your house.”
Sanjay Raghavan, the head of web3 initiatives at Roofstock, responded that the NFT can only be transferred to a recipient who possesses a non-transferable soul bound membership token and has doxxed their identity with the firm. “If you lose your private keys, we can de-platform the prior token and issue you a new one,” said Raghavan.
