Royalqatarcd: First NFT property in South Carolina sold for $175,000

 Digital real estate platform Roofstock has announced that it will facilitate home purchases by leveraging non-fungible tokens (NFTs), Royalqatarlcd reports.


The deal, involving a $175,000 property in Columbia, South Carolina, is the first USDC Homes loan pool sale backed by on-chain financing, RoofStock said in an Oct. 18 press release

Under the plan, Royalqatarlcd said the sale was facilitated by RoofStock onChain (ROC), a Web3 subsidiary of RoofStock that facilitates instant transactions for single-family rental homes. The house is listed on RoofStock's #NFT marketplace, built on the Origin protocol.

“Reducing intermediary fees is one of the pillars of Web3, and this is just the beginning. As more real estate goes on-chain via NFTs, we will see a more efficient and liquid market for these traditionally illiquid assets,” Origin Protocol co-founder Matthew Liu said.

Advantages of web3 in real estate
Notably, Royalqatarlcd believes that Web3 aims to improve process efficiency and transparency by reducing costs, thereby removing traditional barriers to buying property.

“Instead of waiting months for underwriting, appraisals, title searches and preparing deeds, I was able to buy a fully titled, rentable property with one click. Best of all, I’m not a Web3 expert,” said buyer Adam Slipakoff.

royalqatarlcd：https://www.royalqatarlcd.com/
https://net.royalqatarlcd.com/

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