Blockchain start-up Propy prepares first-ever auction of a genuine home as a collectible NFT
We formerly discussed Propy using blockchain technology to smooth real-world property sales by presenting the idea of wise contracts. Propy was the first blockchain startup to make that work. Now the company is pressing the limits again, by auctioning a genuine apartment or condo as an NFT. Although one may wish to brush this aside [ …] The NFT developed by Propy will, it states, transfer real ownership of the property. Natalia Karayaneva, CEO of Propy stated: “This NFT will go down in history. Here’s how this is all going to work: Arrington has signed legal papers designed by Propy’s lawyers for the NFT to move ownership to a future buyer. Propy then performs the NFT auction and gets payment in cryptocurrency. — TechCrunch” src=”https://techcrunch.com/2021/03/15/the-nft-market-is-just-getting-started-but-where-is-it-headed/embed/#?secret=pzaiv7eUlK” data-secret=”pzaiv7eUlK” width=”800″ height=”450″ frameborder=”0″ marginwidth=”0″ marginheight=”0″ scrolling=”no” > …
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