- The goal of the project is to provide access to the accumulation of wealth through real estate
- Customers will be able to buy a share of the house for $100
Homebase Company put up to sell a house in the form of NFT, which is backed by real estate. Users can buy a stake in it using NFTs.
The triple house is located in the state of Texas and you need to pay $100 to get a share in it. In total, you can buy 2,468 NFTs, which in total are worth about $245,000.
The house is owned by LLC (Limited Liability Company). This is a very clever invention, since the owners of such an enterprise are not criminally liable in the event of bankruptcy.
The company’s press release says that after investing, they will receive monthly rent in USDC stablecoins. Also, all NFTs are registered as securities under the SEC.
“We have chosen to take one of the most conservative legal approaches to our home offerings and have therefore chosen to list them as securities from day one,” said Homebase co-founder Alex Kim.
This is not the first time real estate has been offered for sale on the blockchain. In 2022, Vesta Equity planned to sell shares of houses on Algorand. But such an idea was not successful, the platform reported that none of the presented houses could attract investment. Another company, Roofstock onChain, sold the house in October for $175,000.
