First NFT Real Estate Sold by Roofstock on Chain Using On Chain Home Financing
Join Our Telegram channel to stay up to date on breaking news coverage Roofstock, the top single-family rental (SFR) real estate platform, announced the first home sale using a non-fungible token (NFT) made possible by Roofstock onChain (ROC), a web3 subsidiary. Single-family rental (SFR) homes listed on ROC’s NFT marketplace, enabled by Origin Protocol, can be sold and settled instantly. This property, which is situated in Columbia, South Carolina, represents the first onchain USDC sale. When compared to traditional residential real estate transactions, using web3 technology makes it possible to buy houses more cheaply, transparently, and efficiently. “I never thought I’d be able to purchase and finance a home with just one click, as opposed to going through the lengthy and time-consuming traditional settlement and mortgage procedure”. As a seasoned real estate investor who purchased the SFR property in South Carolina, Adam Slipakoff remarked, “I...