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
— Propy (@PropyInc) February 10, 2022
The “Spanish-inspired estate” is located in “artsy and charming Gulfport, Florida,” according to Propy, which organized 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 “
Propy further mentions that in 2021, Tripadvisor ranked this destination beach as No. 1 in the US.
The winning bidder was awarded an NFT as proof of the property’s ownership. A report in the Tampa Bay Times stated that a user named AJ bought the house. The report quoted Propy CEO Natalia Karayaneva as saying that the buyer’s first name was Amanda and 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.
A user named “AJ” bought the house during an hour-long extension of the auction. The buyer’s first name is Amanda and the person is US based, said @NataliePropy@tampabaytimes@LeslieCryptohttps://t.co/GP2DiP9ZrO
— Propy (@PropyInc) February 12, 2022
In a tweet, Ms Karayaneva wrote that “seller and the buyer” were “both female crypto holders”, and that she couldn’t “wait to learn more about the buyer in the upcoming days”.
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!
— Natalia Karayaneva ???? (@NataliePropy) February 10, 2022
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 decentralised and secure online ledger.