{"id":2856,"date":"2022-02-15T16:51:08","date_gmt":"2022-02-15T16:51:08","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/02\/15\/tampa-based-nft-house-sells-for-654k\/"},"modified":"2025-03-13T02:40:20","modified_gmt":"2025-03-13T02:40:20","slug":"tampa-based-nft-house-sells-for-654k","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/02\/15\/tampa-based-nft-house-sells-for-654k\/","title":{"rendered":"Tampa, Florida-based NFT house sells for $654k"},"content":{"rendered":"\n<p>A U.S. based buyer named Amanda is the lucky bidder of a home in Gulfport, outside of Tampa, Florida, that was auctioned off as a non-fungible token, or NFT last week. <\/p>\n\n\n\n<p>The four-bedroom, 2.5 bathroom property was the first NFT house sold in the U.S. According to an article in the <strong>Tampa Bay Times<\/strong>, the property rights were transferred to the limited liability corporation <strong>Never Forget to HODL LLC<\/strong>. The phrase HODL means &#8220;hold on for dear life&#8221; and, according to the article, is commonly used by crypto-currency traders.<\/p>\n\n\n\n<p>The home was listed by a local real estate investor, Leslie Alessandra, who also is the founder of blockchain company <a href=\"https:\/\/www.tampabay.com\/news\/real-estate\/2022\/02\/04\/this-tampa-bay-home-is-being-sold-as-an-nft\/?itm_source=parsely-api\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>DeFi Unlimited<\/strong><\/a>.<\/p>\n\n\n\n<p>The transaction was handled by <strong>Propy<\/strong>, a real estate blockchain firm that developed the  framework that allows turning real estate properties into NFTs and selling them over the Internet. <\/p>\n\n\n\n<p>According to Propy, it&#8217;s done by placing the record of the purchase on the <a href=\"https:\/\/preprod.realtrends.com\/blog\/propy-auctions-nfts-for-u-s-real-estate-properties\/\" target=\"_blank\" rel=\"noreferrer noopener\">immutable blockchain<\/a> and provides access to the legal documents signifying ownership. This potentially minimizes costs for the buyers and streamlines the home buying process by letting them buy a property in a few minutes.<\/p>\n\n\n\n<p>Natalia Karayaneva, CEO of Propy, notes that \u201cNFT sales reached $4 billion in December 2021 and real-world assets will soon represent a significant portion of that market.\u201d<\/p>\n\n\n\n<p>To participate in the auction, bidders had to provide &#8220;identification and their full name to authenticate home ownership,&#8221; says Karayaneva. No information was disclosed about the buyer other than the name Amanda and initials &#8220;A.J.&#8221;<\/p>\n\n\n\n<p> <\/p>\n\n\n\n<p> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A U.S. based buyer named Amanda is the lucky bidder of a home in Gulfport, outside of Tampa, Florida, that was auctioned off as a non-fungible token, or NFT last week.<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[19],"class_list":["post-2856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tampa, Florida-based NFT house sells for $654k - 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