This Tampa Bay home is being sold as an NFT - Deepstash
This Tampa Bay home is being sold as an NFT

This Tampa Bay home is being sold as an NFT

Curated from: tampabay.com

Ideas, facts & insights covering these topics:

4 ideas

·

109 reads

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

NFT Property IR

NFT Property IR

A home in Gulfport will be auctioned off Tuesday as an NFT.

It’ll be the first piece of U.S. real estate to be auctioned as a “non-fungible token”, said current owner Leslie Alessandra.

4

78 reads

Property Being Sold For Cryp

Property Being Sold For Cryp

Alessandra, a local real estate investor and founder of Tampa Bay blockchain company DeFi Unlimited, said she chose to list the home as an NFT to showcase the use of the evolving technology. An NFT is stored on a decentralized ledger known as the blockchain and is typically used for digital assets like music and art. In the case of the Gulfport house, it’s a digitally secure certificate of authenticity, similar to a deed.

4

8 reads

Mint Property As NFT

Mint Property As NFT

Minting property rights into an NFT would allow owners to sell a home as quickly as a Venmo transaction, she said. It would accomplish that by putting ownership documents under a limited liability corporation. In short: The NFT is an LLC.

4

14 reads

Financing With Crypto Backed Mortgages

Financing With Crypto Backed Mortgages

“There probably will be ways to sell the property and then throw in crypto-backed mortgages,” Vasilakis said. “But we’re just not at that moment.”

NFTs are relatively new and it’s hard to say how this could work in the future, he said. There could also be challenges with cryptocurrency volatility. It’s not clear if the value of a house tied to an NFT would be affected by the crypto market.

5

9 reads

IDEAS CURATED BY

mrsmolina

Love learning new ideas that help me grow mentally. Boy mom and spoiled wife. Living our best life.

CURATOR'S NOTE

I wonder if this would create a more even lending process.

Jenn Molina's ideas are part of this journey:

Confused About NFTs?

Learn more about crypto with this collection

How to create and sell NFTs

The future of NFTs

The benefits and drawbacks of NFTs

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates