Half of the St. Louis home put up for auction as NFT

A user of the Mintable trading platform, Ivan Malpika, has put up a part of his home in St. Louis for sale in the form of a non-fungible token (NFT).

@mintable_app let’s make this happen! First ever REAL estate #NFT

I’ll take the lead and show them the path. https://t.co/VO4a7JiWcn

– Ivan Malpica (@ IvanMalpica9) March 10, 2021

The lot assumes the ownership of half of the house at 5828 Wise Avenue. According to the description, in 2020 it was valued at $ 138,000 and brought in $ 1,200 monthly in rent.

Trading starts at 42.43 ETH (about $ 74 330 at the exchange rate at the time of writing). NFT is not legally binding and the buyer will need to sign a standard agreement with the seller to register the ownership.

In March, Twitter creator Jack Dorsey put his first tweet up for sale as a non-fungible token. At the time of writing, the maximum bid has reached $ 2.5 million. Dorsey has pledged to donate the proceeds to charity.

An earlier NFT copy of Banksy’s burnt painting, Morons, went under the hammer for 228.69 ETH. Former DC Comics artist Jose Delbo made $ 1.85 million selling non-fungible tokens with Wonder Woman.

Recall that the monthly turnover of NFT marketplaces approached $ 500 million .

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