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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.

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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 asset...

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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.

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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 vol...

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mrsmolina

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

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

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What is an NFT?

What is an NFT?

NFT stands for Non-fungible token.

  • cannot be exchanged/replicated/replaced because they are unique.
  • allows you to buy & sell ownership of unique digital assets.

What the heck is an NFT?

What the heck is an NFT?

Non-fungible token.

That doesn’t make it any clearer.

“Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same t...

NFTs move beyond art and collectibles

An NFT is essentially a digital token representing a totally unique asset, such as a piece of fine art or

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