{"id":21956,"date":"2023-09-05T18:50:25","date_gmt":"2023-09-05T18:50:25","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/roofstock-onchain-sells-third-property-as-an-nft\/"},"modified":"2023-09-05T18:50:26","modified_gmt":"2023-09-05T18:50:26","slug":"roofstock-onchain-sells-third-property-as-an-nft","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/roofstock-onchain-sells-third-property-as-an-nft\/","title":{"rendered":"Roofstock OnChain Sells Third Property as an NFT"},"content":{"rendered":"
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.\u00a0<\/p>\n
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).<\/p>\n
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.\u00a0<\/p>\n
Unique to this sale was Roofstock\u2019s collaboration with Skillet.ai, an NFT liquidity aggregator that offers \u201cflexible\u201d financing options, a departure from the rigidity of more traditional avenues.<\/p>\n
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.\u00a0<\/p>\n