Business

Home NFT auction in Florida: 4-bedroom property sold for 210 Ether as non-fungible token (Rs 4.93 cr)

February 13, 2022
Bharat Times

A 4-bedroom property in Florida, USA was sold for 210 Ether as a non-fungible token

NFTs, or non-fungible tokens, are the new rage. It could also enter a new market: real estate. In what could be one of the first sales of a home using NFTs, a Florida woman bought a 4-bedroom, two-and-a-half-bath property in Tampa Bay in an online auction on February 10. Leslie Alessandra, co-founder of crypto business DeFi Unlimited, wanted to sell the house as an NFT to encourage people to adopt this technology. The asset was eventually sold for 210 Ether, which was equivalent to $6,54,309.60 (approximately Rs 4.93 crore) at the time of sale.

According to “Spanish-inspired property” located in “artistic and charming Gulfport, Florida” propy, which conducted online auctions and transactions. The grounds of the property are well maintained with a garden area, wooden trellis and firepit.

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

Propy further mentioned that in 2021, Tripadvisor ranked this destination beach as No. 1 in the US.

The winning bidder was awarded NFTs as a proof of ownership of the property. a report in Tampa Bay Times Said that a user named AJ has bought the house. The report quoted Propy’s CEO Natalia Karayaneva as saying that the buyer’s first name was Amanda and that the person was US-based. Ms. Karayaneva further stated that she would not be able to provide any additional information without the buyer’s permission.

In a tweet, Ms Karayaneva wrote that “the seller and buyer” were “both female crypto holders”, and she “can’t wait to learn more about the buyer in the coming days”.

NFTs are most commonly used for digital collectibles such as art and music, where ownership can be transferred and validated via the blockchain, which is a decentralized and secure online ledger.

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