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In El Salvador, people can use bitcoin to buy houses — or most anything that’s sold in the streets, shops, and malls. President Nayib Bukele’s quest to make bitcoin the nation’s legal tender means it’s gradually being phased into the economy through a suite of incentives. The plan is bold. For a nation tethered to …
Continue reading “An Update on El Salvador’s Bitcoin Experiment”
Last summer, Peter Lane Taylor first reported on a story about the Miami Beach penthouse that sold for a stunning $22.5 million worth of cryptocurrency. Taylor wrote: At $4,440.50/SF, the deal broke every previous Miami Beach record for price per square foot. Yet it raised more eyebrows for what it didn’t do: close in American dollars. This …
Continue reading “Not Slowing Down: Miami Real Estate Becomes Crypto Focal Point”
Here It Comes… Internet-assisted real estate investing keeps evolving, just as the internet itself does. Now, it’s possible to convert stored value — even real estate — into digital assets. Fractional shares in a property become securities, issued as tokenized shares to be traded on a secondary market. These investments and trades are verified and …
If you ask J.P. Morgan, you might be surprised at the answer. At a time when real estate and other private investments are undergoing a valuation reset, a recent J.P. Morgan report highlights cryptocurrency. It says digital currencies have overtaken real estate as a “preferred alternative asset class.” (Alternative assets are investment choices that don’t …
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A First for U.S. Real Estate This year, the California real estate tech company Propy directed the first U.S. real estate NFT auction. The asset was a four-bedroom, 2-and-a-half bath house in Gulfport, on the western coast of central Florida. The Spanish-style building looks like many other Florida homes (readers may view a picture of …
Did You Claim Everything? It’s that time again. Here, we note 6 checklist items, to help ensure your ducks are in a row for Monday, April 18, 2022 (or Tuesday, April 19 if you live in Maine or Massachusetts).
Meanwhile, the Homesharing Platform Is Helping Homeowners in Ukraine This might just be the year Airbnb meets bitcoin. A team of Airbnb employees is currently looking at how the platform could accept cryptocurrency payments. Airbnb co-founder and CEO Brian Chesky has said the most requested feature for 2022 is a crypto payment option. It’s likely to …
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South Korea — renowned for its pop culture and a $16+ billion gaming sector — is perfectly poised to flourish in digitized worlds. K-pop singers have launched hits in the metaverse and real estate is popping up to host future concerts. Naver Z’s World, a metaverse leader based in South Korea, has attracted international fashion …
Continue reading “Going All In: Why South Koreans Are Keen on Metaverse Real Estate”
A Miami mansion will become a first-of-a-kind this year. It will be sold as a real house, featuring seven bedrooms and nine bathrooms — together with its mirror property in the metaverse. The physical house will be sold by ONE Sotheby’s International Realty. Sotheby’s International Realty has 1,000 offices in 40 countries, and is keen on innovation …
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Life in the Metaverse Tokenized real estate has met the metaverse, creating something new: virtual real estate. Virtual developers are sweeping millions of dollars’ worth of crypto coins into property deals. They see a robust online economy in the making. Are they dreaming?