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US House is Sold as an NFT for 175,000 USDC

ByLouis Adams

Oct 19, 2022 #NFTs
Reading time: < 1 minute

Real estate investor Adam Slipakoff has purchased a three-bedroom house in the US state of South Carolina as an NFT.

The price of the house, which is located at 149 Cottage Lake Way, Columbia, was 175,000 USDC. The deal was handled by Roofstock onChain, a Web3 division of the real estate agency.

This is the first NFT sale for the company. Roofstock onChain’s blockchain director Jeff Thompson has said the deal is a “major milestone” in the rental real estate industry.

According to Slipakoff, he was able to buy a fully insured and ready-to-let home with a single click.