Digital Platform Sells House as an NFT on OpenSea

Sale of $175,000 House Settled with USDC Stablecoins

Origiinally Published on theDifient

Digital Platform Sells House as an NFT on OpenSea

In the latest sign that the property industry is finding NFTs a new sales tool, Roofstock, a digital real estate platform, sold a single-family home in South Carolina for $175,000Opens in a new tab. via OpenSea.

The sale was settled using the USDC stablecoin and financed by USDC Homes, a lending pool operating on the Polygon deployment of Teller — a decentralized lending marketplace.

Lending Options

USDC Homes works with a network of underwriters and data providers to verify the identity and creditworthiness of borrowers. The platform offers both secured and unsecured lending options, with ETH, BTC, USDC, and other cryptocurrencies supported as collateral. Borrowers can submit off-chain data to support their creditworthiness when applying for loans.

“I never imagined I could buy and finance a house with a simple click, rather than going through the time-consuming and cumbersome traditional settlement and mortgage process,” said Adam Slipakoff, a seasoned real estate investor and the buyer of the property, in a press release. “Instead of waiting months for underwriting, appraisals, title searches and preparing deeds, I was able to buy a fully title-insured, rent-ready property with one click.”

Dale Calvert

Dale Calvert is a serial entreprenuer. He started his first business at age 14, a direct mail business out of his parents home. Dale has always believed that wealth is created in front of a trend. This business philosophy lead him into the cryptocurrency space in 2017, He made the decision in 2022, that the cryptocurrency space is where he will be spending the majority of his time.

Recent Posts