A Tampa Bay home has sold as an NFT, or non-fungible token. This is possibly the first home to be sold as an NFT through crypto-currency. The five bedroom, three-and-a-half bath home in Gulfport sold for $653,000.
According to Fortune, technically the cost was 210 Ether, which equals $653,000. Ether is the cryptocurrency used on platform Ethereum. Ethereum is a platform powered by blockchain technology, allowing for decentralized sales like NFTs. About 50 people expressed interest in the home. But in the end, only 2 bidders had enough cryptocurrency in their digital wallet to make an official offer.
Related: What is an NFT?
While the buyer has not been identified, the seller is Leslie Alessandra. She is the founder of DeFi Unlimited, a Tampa blockchain company. She previously stated that she is selling her home as an NFT to showcase the technology and how it can people can use it in the future.
Some people offered higher bidders than the asking price. Not surprising considering the area’s red-hot real estate market. However, only 2 bidders were qualified to buy through the unique online process.
