SAN FRANCISCO–(BUSINESS WIRE)–Propy, the real estate transaction platform, will auction a real estate-backed NFT − an apartment in Kiev, Ukraine, that previously made history as the first-ever blockchain-based real estate sale.
The apartment will be put up for public auction and won by one history-making bidder. The NFT that transfers real ownership of the property will be auctioned over a 24h period with the initial listing starting at $20k. Details for the NFT sale are available here and will be continuously updated to include property information, FAQ’s, and more.
In 2017, this property was sold using blockchain technology to Michael Arrington, founder of TechCrunch and Arrington XRP Capital. The international transaction took place entirely via smart contract on the Ethereum blockchain using cryptocurrency, and was the first-ever property sold and transferred on blockchain.
Propy is backed by blockchain…