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Home NFT Auction In Florida: 4-Bedroom Property Sold As Non-Fungible Token For 210 Ether (Rs. 4.93 Crores)

Home NFT Auction In Florida: 4-Bedroom Property Sold As Non-Fungible Token For 210 Ether (Rs. 4.93 Crores)

NDTV
Sunday, February 13, 2022 12:59:44 PM UTC

The winning bidder was awarded an NFT as proof of the property's ownership

NFTs, or non-fungible tokens, are the new rage. It could also be branching out into a new market: real estate. In what could be one of the first sale of a house using NFTs, a woman from Florida purchased a 4-bedroom, two-and-a-half-bath property in Tampa Bay in an online auction on February 10. Leslie Alessandra, co-founder of the crypto business DeFi Unlimited, wanted to sell the house as an NFT to encourage people to embrace this technology. The property was eventually sold for 210 Ether, which was the equivalent of $6,54,309.60 (roughly Rs. 4.93 crores) at the time of the sale. It's a wrap!The first real estate NFT auction in the US is history now. Thank you so much to everyone who participated and to those who cheered us on. Congratulations to the lucky winner, we can't wait to see what you do with the #PropyNFT next! What a blast! pic.twitter.com/LHfZrNSwTN A user named “A.J.” bought the house during an hour-long extension of the auction. The buyer's first name is Amanda and the person is U.S. based, said @NataliePropy@tampabaytimes@LeslieCryptohttps://t.co/GP2DiP9ZrO Can't believe we made it! The seller and the buyer made the history! Both female crypto holders ???? Can't wait to learn more about the buyer in the upcoming days!

The “Spanish-inspired estate” is located in “artsy and charming Gulfport, Florida,” according to Propy, which organised the online auction and transaction. The grounds of the property are well maintained with a garden area, wood trellis, and firepit.

Propy describes the location as “ideal” and adds it's “just minutes away from the sugar-white sands and warm waters of the Gulf of Mexico on St Pete Beach”, where visitors can engage in “surfing, paddleboarding and other water-based activities”.

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