Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Zimbabwe rolls out blockchain-based carbon credit market system

2025-05-21

What Is a DEX (Decentralized Exchange)?

2025-05-21

🧊 Stay cool, stay onchain with .pengu 🐧

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Roofstock OnChain Sells Third Property as an NFT
Roofstock OnChain Sells Third Property as an NFT
NFT

Roofstock OnChain Sells Third Property as an NFT

2023-09-05No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Roofstock onChain and Origin Story announced their latest celebration as they executed their third blockchain-infused property sale on September 1st through the Roofstock onChain NFT marketplace, powered by Origin Story. 

The property, located at 332 Montclaire Ln in West Columbia, South Carolina, features three bedrooms and two bathrooms, and it was sold for 204,000 USDC ($204,000 USD).

Roofstock onChain, a subsidiary of Roofstock, Inc., offers tokenized single-family rentals. Developed by Origin Story, the Roofstock onChain marketplace enables the trading of real estate as NFTs, to speed up the overall transaction process, while keeping costs relatively low. 

Unique to this sale was Roofstock’s collaboration with Skillet.ai, an NFT liquidity aggregator that offers “flexible” financing options, a departure from the rigidity of more traditional avenues.

The adoption of blockchain technology and NFTs in real estate is simplifying a landscape known for complexity, fees, and delays. By tokenizing properties through NFTs on the blockchain, the process becomes more streamlined, instantaneous, and transparent. For investors and owners, this fusion of tech injects additional liquidity into an otherwise stagnant market. 

Remember the first-ever real-life home sale via an NFT marketplace last year? 🏠@RSOnChain x Origin Story made it happen! 🤝

Fast-forward to today, sale #3 is now COMPLETE! 🌍

Here’s what you need to know 👇https://t.co/u08cC2n7eq

— Origin Story (@OriginStoryNFT) September 5, 2023

Recapping its 2022 Sales

The journey of Roofstock onChain and Origin Story in this space began with its inaugural kickoff event in September 2022, conducting its first-ever sale of an IRL home through an NFT marketplace. The property, a three-bedroom house in Columbia, SC, was purchased for $175,000 USDC ($175,000 USD), as part of a “swift ownership transfer” and a minimal 3% fee.

See also  NFT will release a 'game for professionals' in 2023 as volume decreases

Its second sale occurred in Harvest, Alabama, with the property selling for $180,000 USDC ($180,000 USD). In utilizing Teller Protocol, Roofstock introduced “flexible, asset-backed Decentralized Finance (DeFi) lending.”

Origin Story, a leading force in this transformation, is not only recognized for record-breaking music NFTs and collaborations with major NFT projects but has also introduced a redeemable NFT platform. The platform allows an NFT, potentially representing a sought-after property, to be redeemed for the physical asset or traded on secondary markets. 

Tokenizing Real Estate

Tokenizing real estate on a blockchain could revolutionize property sales and processing, heralding the future of on-chain real estate transactions. Another example of a platform implementing these practices and further streamlining real estate sales onchain, is an early blockchain startup, Propy.

Similar to a physical deed, the NFT serves as the official entity, or LLC, which legally provides for the property’s “property rights” and ownership documents to be protected and encrypted. 

With the record of the property purchase stored on the blockchain, the NFT provides access to the legal documents necessary to prove ownership of the property. Once the purchasing process is complete, the owner(s) will receive both the NFT, containing the ownership rights to the property, and the physical property itself. Ultimately, this becomes a DeFi asset that the owner can now leverage to borrow against. 

As its first case study, Propy sold TechCrunch founder Michael Arrington’s apartment in the Ukraine as an NFT in 2021. The platform reached $4 billion in NFT sales by the end of the year. In January 2022, Propy officially rolled out its NFT platform in the United States, as initially reported by TechCrunch.

A month later, Propy began by auctioning two residential properties located in Florida, marketing the technology to owners and buyers. The first real-estate-backed NFT in the U.S. involved the sale of a 2,164 square-foot Spanish-inspired Gulfport home, for $653,163 (210 ETH), with over 3,000 potential bidders.

See also  Ronaldo teases NFT plans while on a lie detector test

These platforms stand at the forefront, shaping and showcasing the future landscape of what real estate on the blockchain looks like.

Editor’s note: This article was written by an nft now staff member in collaboration with OpenAI’s GPT-3.



Source link

NFT OnChain property Roofstock sells
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

🧊 Stay cool, stay onchain with .pengu 🐧

2025-05-21

Guild of Guardians leads with a huge volume of $ 796.62k

2025-05-20

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19

The most popular collections of the moment on blockchain

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Pepe Whale sells 356.2 billion tokens worth $7.3 million: impact on price?

2024-12-03

This project has 25 blockchain games, over 50 million downloads, and big plans

2022-10-13

Bitcoin: HODLers Keep HODLing – Is an Uptrend Coming?

2023-07-01
Editors Picks

As sales volume plummets, is it time to bid Bitcoin Ordinals adieu?

2023-08-19

WAX launches enhanced multi-chain NFT and token bridge

2024-06-07

Crypto’s biggest usability upgrade ever

2024-06-05

Check your wallet for contaminated assets with amlscreening.center

2025-03-15
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Zimbabwe rolls out blockchain-based carbon credit market system

What Is a DEX (Decentralized Exchange)?

🧊 Stay cool, stay onchain with .pengu 🐧

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$108,438.961.81%
  • ethereumEthereum(ETH)$2,509.240.15%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.381.09%
  • binancecoinBNB(BNB)$672.503.56%
  • solanaSolana(SOL)$170.421.60%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2296111.55%
  • cardanoCardano(ADA)$0.762.23%
  • tronTRON(TRX)$0.266592-1.03%
  • suiSui(SUI)$3.88-0.03%
  • chainlinkChainlink(LINK)$15.811.00%
  • avalanche-2Avalanche(AVAX)$22.750.57%
  • hyperliquidHyperliquid(HYPE)$27.977.40%
  • stellarStellar(XLM)$0.2898530.75%
  • shiba-inuShiba Inu(SHIB)$0.0000151.00%
  • hedera-hashgraphHedera(HBAR)$0.1966921.02%
  • unus-sed-leoUNUS SED LEO(LEO)$8.851.20%
  • bitcoin-cashBitcoin Cash(BCH)$403.832.80%
  • the-open-networkToncoin(TON)$3.080.02%
  • polkadotPolkadot(DOT)$4.720.89%
  • litecoinLitecoin(LTC)$96.512.35%
  • moneroMonero(XMR)$396.1213.14%
  • bitget-tokenBitget Token(BGB)$5.210.86%
  • piPi(PI)$0.8311.74%
  • pepePepe(PEPE)$0.0000132.20%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$444.327.40%
  • uniswapUniswap(UNI)$6.113.00%
  • aaveAave(AAVE)$247.05-4.70%
  • nearNEAR Protocol(NEAR)$2.820.32%
  • aptosAptos(APT)$5.201.34%
  • okbOKB(OKB)$52.090.20%
  • ondo-financeOndo(ONDO)$0.962.10%
  • kaspaKaspa(KAS)$0.1116941.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.294.51%
  • ethereum-classicEthereum Classic(ETC)$18.741.76%
  • internet-computerInternet Computer(ICP)$5.28-0.12%
  • gatechain-tokenGateToken(GT)$21.631.05%
  • crypto-com-chainCronos(CRO)$0.0967510.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2385632.80%
  • mantleMantle(MNT)$0.74-1.11%
  • vechainVeChain(VET)$0.0286930.81%
  • render-tokenRender(RENDER)$4.711.52%
  • ethenaEthena(ENA)$0.3940293.93%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4046712.70%
  • algorandAlgorand(ALGO)$0.2272651.69%
  • filecoinFilecoin(FIL)$2.912.11%
  • bitcoinBitcoin(BTC)$108,438.961.81%
  • ethereumEthereum(ETH)$2,509.240.15%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.381.09%
  • binancecoinBNB(BNB)$672.503.56%
  • solanaSolana(SOL)$170.421.60%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2296111.55%
  • cardanoCardano(ADA)$0.762.23%
  • tronTRON(TRX)$0.266592-1.03%
  • suiSui(SUI)$3.88-0.03%
  • chainlinkChainlink(LINK)$15.811.00%
  • avalanche-2Avalanche(AVAX)$22.750.57%
  • hyperliquidHyperliquid(HYPE)$27.977.40%
  • stellarStellar(XLM)$0.2898530.75%
  • shiba-inuShiba Inu(SHIB)$0.0000151.00%
  • hedera-hashgraphHedera(HBAR)$0.1966921.02%
  • unus-sed-leoUNUS SED LEO(LEO)$8.851.20%
  • bitcoin-cashBitcoin Cash(BCH)$403.832.80%
  • the-open-networkToncoin(TON)$3.080.02%
  • polkadotPolkadot(DOT)$4.720.89%
  • litecoinLitecoin(LTC)$96.512.35%
  • moneroMonero(XMR)$396.1213.14%
  • bitget-tokenBitget Token(BGB)$5.210.86%
  • piPi(PI)$0.8311.74%
  • pepePepe(PEPE)$0.0000132.20%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$444.327.40%
  • uniswapUniswap(UNI)$6.113.00%
  • aaveAave(AAVE)$247.05-4.70%
  • nearNEAR Protocol(NEAR)$2.820.32%
  • aptosAptos(APT)$5.201.34%
  • okbOKB(OKB)$52.090.20%
  • ondo-financeOndo(ONDO)$0.962.10%
  • kaspaKaspa(KAS)$0.1116941.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.294.51%
  • ethereum-classicEthereum Classic(ETC)$18.741.76%
  • internet-computerInternet Computer(ICP)$5.28-0.12%
  • gatechain-tokenGateToken(GT)$21.631.05%
  • crypto-com-chainCronos(CRO)$0.0967510.16%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2385632.80%
  • mantleMantle(MNT)$0.74-1.11%
  • vechainVeChain(VET)$0.0286930.81%
  • render-tokenRender(RENDER)$4.711.52%
  • ethenaEthena(ENA)$0.3940293.93%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4046712.70%
  • algorandAlgorand(ALGO)$0.2272651.69%
  • filecoinFilecoin(FIL)$2.912.11%