This house was just sold as an NFT
NFT's are incredibly versatile and opening up a whole new way to buy all manner of things, from Tweets to houses ...
Key takeaways
- Despite their often wildly fluctuating value Non-Fungible Tokens (NFT’s), which have been used to sell everything from art and Tweets to virtual sneakers, and other digital collectibles, are still popular.
- In this case the LLC of the company that sold the home created an NFT representing ownership of the home.
- The historic purchase marks the start of what could potentially be the future of real estate as NFTs, possibly opening doors to make crypto purchases for real estate a viable source of funding for a wide range of people.
Cite or link to this article
Griffin, M. (2022) 'This house was just sold as an NFT', 311 Institute, 24 November. Available at: https://www.311institute.com/this-house-was-just-sold-as-an-nft/ (Accessed: 1 October 2026).
Despite their often wildly fluctuating value Non-Fungible Tokens (NFT’s), which have been used to sell everything from art and Tweets to virtual sneakers, and other digital collectibles, are still popular. And now, Web 3.0 and the Metaverse, are staking a claim in a new frontier - real estate.
While we’ve seen a realtor in the US trying to sell an NFT that then “came with a free house,” as well as crypto mortgages, and virtual real estate, this time the NFT twist is slightly different after an NFT of a real-world home was sold for $175,000 over the weekend in Columbia, South Carolina.
Learn more about NFT's and the Metaverse, by keynote speaker Matthew Griffin
The home boasts three bedrooms and was recently renovated, featuring a large living room and dining room area complete with a galley-style kitchen and walkout patio, as you can see from the video. There's also a master suite complete with a walk-in closet and double vanity.
In this case the rental property "was sold on the Roofstock onChain NFT marketplace by transferring the Home onChain identity to an Ethereum address owned by the house buyer Adam Slipakoff," Unusual Whales reported.
Now, all that might sound fairly straight forwards, but here’s where it gets odder and who knows, maybe this will be the way all properties are sold in the future. In this case the LLC of the company that sold the home created an NFT representing ownership of the home. Then, whoever bought that NFT then has ownership of the property, and even though the purchase is digital the ownership is very real -whoever owns the NFT owns the physical home in the real world.
Just an ordinary house, but bought in a new way ...
Furthermore, by creating an LLC for the home on the blockchain it also means that in the future any and all maintenance and property records, from bills to tax payments, could be saved to the blockchain as a digital record of that homes unique economic and physical history.
The historic purchase marks the start of what could potentially be the future of real estate as NFTs, possibly opening doors to make crypto purchases for real estate a viable source of funding for a wide range of people.
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NFT's are incredibly versatile and opening up a whole new way to buy all manner of things, from Tweets to houses ...
About the author
Matthew Griffin Founder, 311 Institute
Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath."
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Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath." 15-time best selling author of the "Codex of the Future" series, Matthew is the Founder and Futurist in Chief of the 311 Institute, a global Futures and Deep Futures advisory firm working with royal households, world leaders, G7, G20, and G77 governments, NGOs, and multi-national mid and mega cap firms to help them explore, shape, and lead the next 50 years of business and society.
An award-winning YouTube creator with over a million followers, with an unrivalled global reach and impact, Matthew is a highly sought-after international keynote speaker, lecturer, and mentor who collaborates with global leaders through the United Nations Alliance of Civilizations (UNAOC) and United Nations General Assembly (UNGA) to shape pivotal initiatives such as the UN’s AI for Humanity program, the United Nations Conference of the Parties (UN COP), and the World Economic Forum in Davos.
As the former Global Head of Cloud, National Security, and Enterprise Sales for companies including Atos, Dell-EMC, and IBM, Matthew has a proven track record of building multi-billion dollar business units and turning failing divisions into market leaders. His ability to identify, analyse, and communicate the implications of hundreds of emerging technologies and trends is unparalleled, and his insights are trusted by many of the world’s most respected organisations, including ABB, Accenture, Adidas, AON, ARM, BCG, Centrica, Citi, Coca-Cola, Dentons, Deloitte, Dow Jones, EY, Google, KPMG, Lego, Legal & General, LinkedIn, Microsoft, PepsiCo, Qualcomm, RWE, Samsung, Siemens AG and Siemens Energy, T-Mobile, UBS, VISA, Walmart, Workday, Worldpay and many others.
Regularly featured in the global media including the AP, BBC, Bloomberg, CNBC, Discovery, Forbes, Khaleej Times, Telegraph, TIME, ViacomCBS, WIRED, and the WSJ, Matthews mission is to help organisations create a fair and sustainable future whose benefits are shared by everyone irrespective of their ability, background, or circumstances.
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Sources and further reading
- Roofstock onChain onchain.roofstock.com
- Unusual Whales reported twitter.com
Source: first published by the 311 Institute on 24 November 2022. Cite as: Griffin, M. (2022). This house was just sold as an NFT. 311 Institute. https://www.311institute.com/this-house-was-just-sold-as-an-nft/
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