First US NFT house goes up for auction with starting bid of BRL 3.4 million

Deepak Gupta February 9, 2022
Updated 2022/02/09 at 6:43 AM

Whether you like it or not, it looks like the NFT has gained more and more space in transactions both in the digital and physical world.

The venture of the time is the sale of a house through this method. It will be the first “NFT house” to be auctioned. The first of many?

Finishing an NFT house

The idea came from the real estate group Heckler Realty Group, from Gulfport, in the state of Florida, United States. Together with the property’s owner, Leslie Alessandra, the real estate company hopes that this will be a historic moment for the real estate and blockchain.

The initial bid to buy the house is US$ 650 thousand, something around R$ 3.4 million.

Described as a “pSpanish-inspired property located in the exclusive neighborhood of charming and artsy Gulfport, Florida”, the house has 4 bedrooms, 3 bathrooms and is located on a plot of 7,405 m².

With the idea of ​​promoting the new technology, the transaction will take place as follows: a transfer of ownership will be carried out for the one who buys the house at auction. This process will dispense with the traditional bureaucracy procedures, adhering to the transfer of ownership through the NFT. It will contain all legal documents and an image referring to the property.

The new owners will have access to the documentation of the “NFT house” through their digital wallet; and if they decide to transfer the house in the future, they will be able to earn with the royalties linked to it in later sales of the property.

Is this the future or is it just a passing thing to generate speculation? What we do know is that there is a great deal of hype on the subject, with both staunch supporters and staunch opponents of NFT technology.

And, in case you want to know more information about what is NFT; Here at Mundo Conectado we have a video explaining everything about this technology that promises to revolutionize the digital market. Be sure to check it out and draw your own conclusions about this subject that has moved millions of dollars and generated a lot of controversy in various sectors.

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Source: prop

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