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Tampa condo the latest to sell as NFT as crypto real estate interest grows
Last month, real estate agent Taylor Parrino represented the buyer of a home in Gulfport that was listed as an a non-fungible token in a historic sale. Now, she’s preparing for another auction — a condominium in Tampa. Parrino has been helping prepare a small condo in Hyde Park ahead of the April 7 auction. Bids will start at $185,000 for the 600-square-foot, one-bedroom Tampa condo, according to Propy, a real estate transaction platform that advocates for the use of blockchains. Parrino, too, sees a future where traditional mortgages and closings will be a thing of the past. She will be one of the first real estate agents in the…
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Vesta Equity launches real estate-backed NFT platform on Algorand
Today marks the launch of Vesta Equity, a true estate financial investment corporation with a twist. The platform charges itself as the world’s very first peer-to-peer market for serious estate-backed NFT belongings. It permits homeowners who have bought their residence outright to provide off a part of it as a tokenized, fractionalised, NFT — which is packaged as a security. CEO Michael Carpentier, who started performing on the concept a very little more than two a long time back, states the advantage of the product is that you can accessibility the price of your household without getting to remortgage it or offer it. This also indicates an trader anywhere in…