In a first, US realtor puts four-bedroom house on sale as NFT, World News

Please fol­low and like us:
Pin Share

Non­fun­gi­ble tokens (NFTs) are the new talk of the town. It may also be enter­ing a new mar­ket recent­ly as a house in the US could be the first house sold as an NFT. 

This four-bed­room house is locat­ed in Tam­pa Bay, Flori­da. It will be put on the mar­ket as an NFT by a local real­tor on Tuesday. 

The house’s prop­er­ty rights will be mint­ed as a dig­i­tal token. It may get sold for a min­i­mum bid of $650,000.  

Also Read: After year-long absence, icon­ic tapes­try of Pablo Picas­so’s ‘Guer­ni­ca’ returns to UN

A local real estate investor, Leslie Alessan­dra, is sell­ing the home in part­ner­ship with a real estate tech com­pa­ny, Propy, as per the listing. 

The prop­er­ty rights of the house will also be accom­pa­nied by an NFT of an indoor mur­al, which has been designed by a local artist, Derek Donnelly. 

Alessan­dra, who is also the founder of cryp­tocur­ren­cy com­pa­ny, DeFi Unlim­it­ed, said that she trans­formed the home­’s cer­tifi­cate of authen­tic­i­ty into an NFT. 

Also Read: After win­ter storm, over 150,000 US homes wit­ness chilly con­di­tions sans power

It was achieved by turn­ing the own­er­ship into a lim­it­ed lia­bil­i­ty cor­po­ra­tion. By doing this, one can sim­pli­fy the prop­er­ty sale process, accord­ing to Alessandra. 

It could help peo­ple to the­o­ret­i­cal­ly sell a house with just a Ven­mo trans­ac­tion, she added. 

Christo­pher Vasi­lakis, a local real estate and vir­tu­al real­i­ty expert, told the Tam­pa Bay Times, “You’re essen­tial­ly just sell­ing a com­pa­ny, and the com­pa­ny owns that house.” 

Amy Heck­ler, pres­i­dent, Heck­ler Real­ty Group, told WTSP, “It’s an excit­ing ven­ture into what pos­si­bly could be the future of real estate.” 

(With inputs from agencies) 



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *