{"id":407277,"date":"2019-12-14T09:44:50","date_gmt":"2019-12-14T09:44:50","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=407277"},"modified":"2020-10-07T11:26:54","modified_gmt":"2020-10-07T11:26:54","slug":"cool-ethereum-based-home-sale","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/cool-ethereum-based-home-sale\/","title":{"rendered":"What’s So Cool About the First Ethereum-Based Home Sale?"},"content":{"rendered":"
If you\u2019ve perused Crypto Twitter at all over the past few months, you\u2019ve likely heard the term \u201cdecentralized finance\u201d or \u201cDeFi<\/a>\u201d tossed around in relation to Ethereum, the second-largest blockchain by the market capitalization of its cryptocurrency.<\/p>\n While some see it as a joke, a tokenized home \u2014 yes, an entire property \u2014 was purported to just have been entirely sold on the Ethereum blockchain, marking a positive step in the right direction for the fledging DeFi.<\/p>\n According to a Twitter thread posted by RealT,<\/a> a U.S.-based global real estate platform working with Ethereum and blockchains, the “first property ever to be tokenized on Ethereum [has been] sold.”<\/p>\n RealT, which sold the 9943 Marlowe RealToken (which represents the ownership of a Detroit home worth around $60,000), claims that this sale marked a number of “firsts” for the Ethereum ecosystem: these being the first tokenized real estate property, the first security token integrated into DeFi, and the first real estate asset tradable inside of Uniswap exchange and through the actual RealT website.<\/p>\n The first property ever to be tokenized on Ethereum is We're so excited to have reached this milestone, that we thought we would share some statistics!<\/p>\n Thank you to our awesome community and supporters! Together, we will tokenize the world! \ud83c\udf0e\ud83c\udfe1\ud83c\udf0f pic.twitter.com\/8yy3I3lo3n<\/a><\/p>\n — RealT (@RealTPlatform) December 13, 2019<\/a><\/p><\/blockquote>\nRelated Reading: Bitcoin is Entering a Critical Junction; Here\u2019s What Analysts are Saying<\/a><\/h6>\n
Entire Home Sold on Blockchain, Nets Holders DAI Crypto<\/strong><\/h2>\n
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\ud83d\udd25\ud83c\udfe1\ud83d\udd25SOLD\ud83d\udd25\ud83c\udfe1\ud83d\udd25<\/p>\n