A real estate investor purchased a three-bedroom house in South Carolina via an NFT marketplace over the weekend for $175,000 paid in USDC.
, Columbia was made possible via Roofstock onChain, the web3 subsidiary of real estate company Roofstock. The buyer, real estate investor Adam Slipakoff, said he was able to buy a fully title-insured, rent-ready property with one click.
This marks the first NFT sale by the company. The company’s chief blockchain officer, Geoff Thompson, called the sale a “major milestone” in providing a simple way for buyers to purchase rental properties. As buyers' names need to be made public due to legal requirements, there is an initial set-up process for would-be buyers joining the site in which they mint a non-transferrable membership token.
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