A property backed by a non-fungible token has been sold for the first time in the U.S. 🏡
Propy — the blockchain-focused company behind the transaction — described the purchase as "historic" for the real estate world.A property backed by a non-fungible token has been sold for the first time in the U.S.
The NFT grants the investor access to a U.S.-based entity that owns the property — and it can be borrowed against because of how it is a decentralized finance asset.The house was sold by Leslie Alessandra, an entrepreneur who co-founded a project called DeFi Unlimited. Propy's website says that she "actively invests in both real estate and cryptocurrency and believes in the benefits of blockchain technology for both industry efficiency and humanitarian causes.
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