According to a California-based real estate technology company called Propy, a four-bedroom home in Gulfport, Florida, will be tokenized leveraging non-fungible token (NFT) technology and sold for $650K. In addition to the Gulfport home, another blockchain project has launched aiming to purchase The One Bel Air 105,000-square-foot megamansion by creating a decentralized autonomous organization (DAO).
Gulfport Home in Florida to be Tokenized and Sold for $650K
On February 8, 2022, a home in Gulfport will be auctioned as an NFT, according to the homeowner Leslie Alessandra. The current owner told the Tampa Bay Times it will be the first U.S.-based real-estate sale to auction a home in NFT form. Alessandra is working with the Palo Alto-based company Propy, a firm that sold Michael Arrington’s flat in Kiev via tokenization. The Techcrunch founder Michael Arrington’s apartment was originally sold in 2017 in one of the first blockchain real estate deals.
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