On Thursday, a Florida lady acquired a five-bedroom, three-and-a-half-bath property in Tampa using non-fungible tokens.
“We honestly feel like we made history, both for the real estate business and the crypto community,” said Propy CEO and founder Natalia Karayaneva.
According to Propy, the sale price was 210 Ether, or $653,000.
About 50 people verified their identities online for the auction. There were only two bids, and each had to have at least $650,000 in cryptocurrencies in their digital wallets.
The use of an NFT in the transaction made the procedure unusual. The first step was to transfer ownership of the residence from the seller to an LLC. After the auction, the winner acquired ownership of the LLC and the seller received the coin money in her digital wallet.
Karayaneva did not name the buyer. Leslie Alessandra, creator of a Tampa–based blockchain firm, sold the token.
Propy charged the vendor a fixed fee.
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