Breaking news for the NFT and digital currency (crypto) realm! Someone has recently purchased an NFT that was tied to the physical model of the home, and they are now new NFT and homeowners (at the same time). If you do not know or have a good grasp of an NFT, check this article link and do some reading: https://ncgcoin.io/nft-101-what-is-an-nft-and-should-you-own-one/. That purchase is the start of digital currency growth, and I cannot wait to see what will happen in the future. So, let’s dive into more details about this NFT house purchase!
A three-bedroom house in South Carolina sold through an NFT purchase for the equivalent of $175,000. This real estate investor paid in USD Coins (another cryptocurrency stablecoin). USD Coins have been used to purchase goods and services all over the world; Now, someone can say that they bought an NFT and physical house with USD Coins as well! The purchaser said they were glad this was finished through an NFT concept purchase because it saved so much time, fees, and headaches. Purchasing a home in the common bank-financing way usually results in weeks/months of paperwork and approvals. The second this person bought the NFT and house, it was their property that same instance, with no waiting for paperwork and bank approval. This is another excellent WIN for the digital currency and crypto space! It shows more use-case scenarios faster and more efficiently than general monetary usage. The future of cryptos, NFTs, and digital currencies is looking bright!
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Written by: Matt Senn
